Did you Know…
…a mistake on your tax return can flag you to be audited?
One small mistake on your tax file can end up costing you money. Improperly filing your taxes can trigger an audit and cause you to pay additional taxes, interest, and penalties.
…improper calculations are the most common tax return error?
Entering the wrong number or doing the math incorrectly is easy to do with so many tax forms and the requisite transferring of numbers from one document to another.
…a good financial recordkeeper can help you make better decisions by using current,
effective, and correct tax strategies?
Those who still do their taxes the “old-school” way increase the risk of making an error somewhere on their tax forms and can end up not getting the maximum tax refund that they deserve. Not only could this cause you to overpay on your taxes, it could also result in additional penalties and interest charges.
Tips and Useful Info
- Ten Important Facts About Capital Gains and Losses
- Ten Facts about the Child Tax Credit
- Taxable or Non-Taxable Income?
- Tax Benefits for Disabled Taxpayers
- Tax Tips for Self-employed Individuals
- Eight Facts About Filing Status
- Six Important Facts about Dependents and Exemptions
- Do I have to File a Tax Return?
- IRS Increases Mileage Rate to 55.5 Cents per Mile
- IRS Urges Taxpayers to Avoid Becoming Victims of Tax Scams
- Seven Tax Tips for Job Seekers
- Does the IRS Have Money Waiting For You?
- Ten Tax Tips for Individuals Who Are Moving
- Nine Tips for Charitable Taxpayers
- Keep Good Records Now to Reduce Tax-Time Stress
- What Employers Need to Know About Claiming the Small Business Health Care Tax Credit
- New: Surviving Spouses to Benefit from Portability Election; Estate Tax Return Required to Make this Choice For Some, Form 706 Due as Early as Oct. 3
- IRS Announces Pension Plan Limitations for 2012
- In 2012, Many Tax Benefits Will Increase
- Seven Facts about Injured Spouse Relief
- Get Credit for Making Your Home Energy Efficient