How Far Back Can the IRS Audit Your Tax Returns?

By Top Tax Staff

In 2019, the IRS received around 155 million individual tax returns. About 771,095 taxpayers got pegged for audit. While that shows slightly less than half a percent of a chance to be audited, it isn’t zero.

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Tax Resolution: How to Solve Your Tax Problems

By Top Tax Staff

Tax problems create anxiety and a wish to bury your head in the sand, hoping everything will disappear. You don’t have to feel that way. You have many options to resolve your tax issues and solve any tax problem you might have.

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Can You Negotiate Your Back Taxes With the IRS?

By Top Tax Staff

If you did not pay your income tax liability or underpaid it, you now owe back taxes. Back taxes continue to grow by incurring interest and penalties, adding insult to injury. 

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Tax Planning: What to Do Before the End of the Year

By Top Tax Staff

Just what you need in the middle of the holiday rush — tax planning activities. 

Taxes may be the last thing on your mind this time of year, but think of it as a Christmas present to yourself that will make tax season a little easier. 

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Selling a Second Home: Be Aware of Capital Gains Taxes

By Top Tax Staff

*This post has been updated to reflect tax changes

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Payroll Taxes: Responsibilities of Employers

By Top Tax Staff

If you have employees, you have endless administrative work to do, or so it seems. Payroll taxes are part of the package. But do you know what you need to know about withholdings, deposits, and the attendance paperwork?

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Tax Credits and Deductions for Adults Going Back to School

By Top Tax Staff

If you are headed back to school as an adult, it’s nice to know you’ll get more out of it than an education. You could also save money on your taxes. 

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How and When to Amend Your Tax Return

By Top Tax Staff

So, you need to amend a tax return. Well, we all make mistakes. And sometimes documents show up after you try to be proactive about filing your tax return. 

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How to Claim Medical Care Expenses as Deductions

By Top Tax Staff

As medical costs climb, it’s nice to think you could deduct them from your taxes. And you can, but there are limits. 

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Criminal Tax Defense: Tax Perjury vs. Tax Fraud

By Top Tax Staff

A tax crime is something more severe than neglecting (or forgetting) to file your tax returns. You aren't committing a tax crime if you can't pay your taxes in full. Those are issues that can cause your tax debt to collect penalties, fees, and interest. Still, they don't rise to the level of criminal activity.

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