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Archive for May, 2020

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 letters or notices 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 are entitled to some benefits. In fact, there are many tax benefits for people like Greg and Beverly, who…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. Shaun 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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