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Archive for May, 2019

Fear of Filing Tax Returns and Unclaimed Tax Refunds

Organizing documents, keeping them in order, backtracking on your investments and expenses and all the paperwork involved might sound overwhelming to some. So they try to escape the whole process of filing tax returns, by simply ignoring the preparation or submission. It’s been a month since the filing deadline and most people have already received their tax refunds, while others…read more →

Ten Things to Know about IRS Notices and Letters

You’ve got mail! But this time it’s from the IRS. Always remember, there’s no need to press the panic button on seeing this. Each year, the IRS sends millions of notices and letters to taxpayers for a variety of reasons. And the important thing to reiterate here is that the IRS always sends notices and letters through mail. They will…read more →

Tips for Farmers and Farm Tax Returns

Bringing food to the plate matters. So those who toil hard to cultivate, grow and harvest this food, for the people, get some great tax benefits. Farmers like Greg and Beverly, who work hard on their farms to produce fresh food. In fact, there are many tax benefits for people like Greg and Beverly, who are in the farming business….read more →

Deductions allowed when you do not itemize

There are lines and then there are fine lines that can be read to understand better about the available options for deductions on tax returns. Shawn and Penny, a married couple and parents of two children, wanted to make the most of the available options. They are aware that there are other tax deductions you can also deduct, in addition…read more →

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