Understanding Tax Lingo
To understand tax articles and instructions written by tax professionals and authors, one needs to understand the basic terminology :
What You Need to Know About the IRS and Tax Audits
An audit from the IRS can be intimidating. The more prepared and better represented you are, the greater your chance for a positive outcome.
Should You Get an IRS Identity Protection PIN?
IRS assigns Identity Protection PINs (IP PINs) are to prevent misuse of social security numbers. Why should you get one?
Understanding the Taxation of Cryptocurrency Transactions
You should be aware of specific tax issues if you have owned, purchased, sold, gifted, or used cryptocurrency in business transactions.
October Extended Due Date Just Around the Corner
Here are the October extended due dates that may apply to you:
Tax Benefits When Saving for College Education
Investing in a child's post-secondary education can be tax-efficient if you do the following:
Are You a Candidate for Bunching?
Bunching is an effective tax strategy to consider as the end of the year approaches. Learn when and how to utilize bunching.
Avoiding IRS Underpayment Penalties
Here are a few things taxpayers who fail to pay on time need to know so they can avoid IRS penalties for underpayment:
Watch Out for Tax Penalties
Tax penalties aren't often intentionally accrued by taxpayers. Most whose wallets may be damaged do not know they are being penalized.
Filing as Married Separate? Better Read This.
When filing tax returns, married taxpayers have two options. Here's what you need to know: