The IRS has many different types of notices that they may send out to taxpayers. A notice will cover a very specific issue about the taxpayer’s account or tax return. Generally, the IRS sends notices when they believe a taxpayer owes additional tax or if there is a question about an item on a return. It’s…
The IRS mails millions of letters to taxpayers every year for many reasons. Here are seven simple suggestions on how individuals can handle a letter or notice from the IRS: 1. Don’t panic. Simply responding will take care of most IRS letters and notices. 2. Read the entire letter carefully. If you don’t fully understand your…
We have had many people asking what certain tax topics mean. Here is a Full list of all the IRS Tax Topics taxpayers may see on the Where’s my Refund? app or tool. Please find your topic listed below and follow the link to the IRS website for more information. These Tax Topics contain general individual…
One of the big sticks that the Internal Revenue Service wields is penalties for our mistakes or willful disregard of tax laws. Some of the penalties were increased in 2016 thanks to law changes. Others are hiked each year if inflation so warrants. Here’s a roundup of some major tax penalties changes ahead in 2017.…
