Internal Revenue Service or IRS is not kind enough for the workers who fail to pay taxes in full. So you must avoid any underpayment and penalty by all means. Let’s have a look on how you can avoid them.
Ideally you should know how much tax you should pay and how much have been withheld from your paycheck all through the year and the breakeven. Continue reading How to Get Rid of IRS Underpayment Penalty
Audit is undoubtedly one of the scariest words for most American taxpayers. Although it’s true that a tax audit can definitely be a matter of gross inconvenience, yet at the same time it is also true that the entire chance of being audited by Uncle Sam is also pretty slim. Just 1% of all tax returns received by the IRS are chosen for a closer and scrutinized view. So, you can be more than sure that you won’t fall in that risky 1%. Continue reading Smart Ways to Avoid an IRS Audit – How to Stop Being Targeted by Uncle Sam
As we know that there’s always a silver lining to every cloud, the silver lining to the most intimidating task of preparing tax returns is the tax refund which soon follows it. Once you send your tax returns to the IRS, you probably become too curious about receiving your payment. If you are worrying about the 2017 tax refund schedule, you’ve clicked on the right article. Let’s check out when you can expect to get your money. Continue reading Grab Your Tax Refund as Soon as Possible – Know Some Tips and Advice
So, are you ready to file your taxes except for a single thing – that you’re for an IRS W2 form from your employer? Every year in the month of January, all companies issue W2s to let their workers know the total amount of money which the employee made in the previous year. How much did they make in income, how much in Medicare taxes, Social Security and taxes? If you file tax return without all your W2s, this could unnecessarily delay the entire process and also the arrival of the refund. Continue reading Important Steps to Take if You Didn’t Receive Your W-2 Statement