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Keyword(s): deductions

Proposed Republican Tax Plan: How it Affects You

Republicans Move Forward on Tax Reform The federal tax plan being proposed by the GOP is out now. There are some significant changes being proposed and they will affect all income levels differently. The biggest thing to note are the proposed tax breaks, through deductions and tax credits; these change how much a person owes […]

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All of Your 1040 Tax Form Questions, Answered.

Estimated Reading Time: 8 Minutes We’re currently in the midst of tax season, and you’ve been procrastinating filing your tax return for the year. You’re definitely not alone. Just the thought of filing your taxes sounds like it’s going to be a daunting task. Below are the most common questions about IRS Form 1040. When […]

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Complete List of IRS Notices

Last Updated: February 24, 2022 In our past blog post, IRS Notices Decoded: What Your IRS Notice Means we reviewed the reasons you may have received a notice from the IRS, advised how you should move forward, and provided a list of common IRS notices with their definitions. Since it’s tax season we decided to […]

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You Met the Tax Filing Deadline, Now What Are The Chances You Will Face An IRS Audit?

Update: For recent information abotu IRS audits view IRS Statute of Limitations:How Far Back Can the IRS Audit You? The following article is from Forbes Magazine ” After much worry and angst you successfully met the filing deadline for your tax return. Now you are obsessing about a new worry: Will that return be audited by […]

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