Tax season is over so now know your rights as a taxpayer! America’s taxpayers have specific rights when they interact with the IRS. These ten rights are known collectively as the Taxpayer Bill of Rights. These rights cover a wide range of topics and issues, and lay out what taxpayers can expect in the event they Read more about The Taxpayer Bill of Rights: Ten Rights for All Taxpayers[…]

According to IRS,  while the federal income tax-filing deadline has passed for most people, there are some taxpayers still facing tax-related issues. This includes people who still haven’t filed, people who haven’t paid their taxes or those who are waiting for their tax refund. The IRS offers these tips for handling some typical after-tax-day issues: Read more about Missed the tax-filing deadline? IRS issues tips on what to do[…]

To ensure they meet their tax obligations, taxpayers should file accurate tax returns. If a taxpayer makes an error on their tax return, it will likely take longer to process and could delay a refund. Taxpayers can avoid many common errors by filing electronically, the most accurate way to file a tax return. All taxpayers Read more about Common Errors to Avoid when Filing a Tax Return[…]

The Internal Revenue Service today reminded U.S. citizens and resident aliens, including those with dual citizenship, to check if they have a U.S. tax liability and a filing requirement. At the same time, the agency advised anyone with a foreign bank or financial account to remember the upcoming deadline that applies to reports for these Read more about IRS reminds those with foreign assets about U.S. tax obligations[…]

Each year, 10 million taxpayers are facing estimated tax penalties. IRS offers some simple tips to help prevent a surprise at tax time. People pay taxes on income through withholding on their paycheck or through estimated tax payments. Taxpayers who pay enough tax throughout the year can avoid a large tax bill and penalties when they Read more about Five Things to Know about Estimated Taxes and Withholding[…]

The IRS issued a warning about possible fake charity scams emerging due to Hurricane Harvey and encouraged taxpayers to seek out recognized charitable groups for their donations. While there has been an enormous wave of support across the country for the victims of Hurricane Harvey, people should be aware of criminals who look to take Read more about Beware of Fake Charity Scams Relating to Hurricane Harvey[…]