Understanding the Duration of a Whistleblower Claim Navigating the complexities of an IRS whistleblower case can raise concerns about its duration. While there is no definitive timeline, understanding the various stages involved can provide valuable insights into the potential timeframe. This comprehensive guide will delve into the intricacies of IRS whistleblower cases, shedding light on … Read more
The tax filing deadline for the 2019 tax year has passed, but you may still be wondering if you can file your taxes electronically in 2021. The answer is yes, but there are some important things to keep in mind. Filing Options There are two main ways to file your taxes electronically: Through a tax … Read more
Taxes are a necessary part of society. They fund essential public services like schools, roads, and hospitals. However, there are some people who manage to avoid paying their fair share of taxes. How do they do it? There are a number of ways that people can get away with not paying taxes. Some of the … Read more
Navigating the complexities of tax deductions and credits can be a daunting task, especially when it comes to claiming dependents. Understanding the rules and regulations surrounding dependents can significantly impact your tax liability and overall financial well-being. This comprehensive guide will delve into the intricacies of claiming dependents, exploring the benefits, eligibility criteria, and potential … Read more
The Internal Revenue Service (IRS) has a limited amount of time to collect back taxes, penalties, and interest from taxpayers. This time period is known as the Collection Statute Expiration Date (CSED). Collection Statute Expiration Date (CSED) The CSED is generally 10 years from the date the tax was assessed. This means that the IRS … Read more
No, you cannot qualify for the Earned Income Tax Credit (EITC) if you have no earned income. The EITC is a tax credit for low- to moderate-income working individuals and families. To qualify for the EITC, you must meet certain requirements, including having earned income. What is Earned Income? Earned income is income you receive … Read more
Retirement is a significant milestone that marks the end of your working years and the beginning of a new chapter in life. It’s a time to relax, pursue your passions, and enjoy the fruits of your labor. However, taxes can put a damper on your retirement savings, especially if you live in a state with … Read more
Taxes are a necessary part of life, but it can be frustrating to feel like you’re paying more than your fair share. If you’re wondering why your tax refund is so small or why you owe money to the IRS, there are a few things you should consider. Reasons Why Your Refund May Be Small … Read more
Yes, you can still file your 2019 taxes in 2022. The IRS has extended the deadline to file 2019 tax returns to July 17, 2023. This means you have until this date to claim any refunds you may be owed. Why File Your 2019 Taxes Now? Even if you don’t owe any taxes, it’s important … Read more
The Internal Revenue Service (IRS) is responsible for enforcing the nation’s tax laws. As part of its enforcement efforts, the IRS conducts audits to ensure that taxpayers are complying with these laws. Audits can be conducted on individuals, businesses, and organizations. One of the most common questions taxpayers have about audits is how far back … Read more