Tax Matters - The Top Tax Defenders Blog

The IRS employs a team of agents dedicated to investigating incidences of tax fraud. Once they discover these offenses, they make sure that the IRS recovers every dollar that is owed to it.

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December is a busy month for the IRS as it gears up for the new year's tax season. Numerous important tax deadlines fall during this month and could impact your finances and the way that you can file your tax returns after the turn of the year. Set yourself up for the most advantageous tax prep season by discovering what important IRS deadlines you should meet during the month of December.

The IRS makes a point of collecting every dollar owed to the federal government. It combs through returns each year to ensure that taxpayers did not cut corners when filing and submitting returns. If your own return has been set aside for review, it is important that you use these five tips to survive an IRS tax audit.

You have the right to representation before the IRS. Depending on the specifics of your case, you may benefit by allowing someone to advocate for you and to take charge of complicated processes for which you lack skill and comprehension. While you do have the right to argue for yourself in IRS matters, you may find it more advantageous to allow one of the permitted representatives to assist you in your case.

Getting a letter in the mail from the IRS is not necessarily reason to panic. In fact, you most likely have very few reasons to fear what the letter communicates if you take the proper steps to resolve any issue the IRS has with your returns. If you think to ignore the letter entirely, you should be aware that disregarding it could result in serious legal and financial consequences.

After you submit your tax return, you may wonder what you should do with all of the documents needed to file your taxes. You realize that some paperwork should be kept on hand for while, but you may not know what documents to keep and for how long you should retain them. You can simplify your record keeping and avoid compiling heaps of unneeded paperwork by using these guidelines after filing your taxes each year.

Like many taxpayers, you may wonder what it is going to cost you to file your taxes this year. The expense associated with filing a return can depend on a number of different factors. You may be able to anticipate your own expenses by knowing what circumstances most commonly affect taxpayers' tax filing costs.

People who owe the IRS money often find that they owe more than they can pay in one lump sum. Rather than allowing their wages to be garnished or their assets to be seized, debtors can now take advantage of one of the IRS' installment plans.

People who work as employees have the good fortune of their employer withholding and paying in taxes for them. All they have to typically do is await their W-2s in the mail each year, file a simple 1040 form, and await any refund that might be owed to them.

You need your W-2 to file your income taxes. Your employer has until January 31 to get it into the mail to you. It typically will arrive in your mailbox just a few days later.