So you forgot to file your income taxes. It happens… time gets away and then one year turns into two, turns into a bunch. The IRS doesn’t seem to notice for a while. Then one day you get a friendly reminder that you haven’t filed your taxes. You can bet that they’ve been noticing all […]
In a world of electronic communication, who doesn’t love getting a letter? As long as it’s from a friendly face and not signed, “your friend, the Internal Revenue Service.” But if you’re one of the lucky millions who receive a letter from the IRS each year, what should you do? Job one: OPEN THE LETTER. Anything […]
Data breaches have become so common lately that you may not even blink. However when it happens to the Internal Revenue Service and affects some 100,000 taxpayers, that’s bound to get your attention. This week the IRS announced that not only did hackers compromise the tax records of those 100,000; attempts on another 100,000 were […]
Hands down, the research I did on the impact of the Affordable Care Act for the individual for my last column was the most confusing to date. Researching the impact on businesses for this one was equally confusing. It’s difficult to keep the ins and outs, requirements, exceptions and penalties straight, so I hope this […]
For those of you who have already filed your taxes, looking at today’s date is no big deal. But for those who haven’t, noticing the dwindling number of days between now and April 15 may fill you with dread. Is that you? Are you running out of time — or money — for tax day? […]
One of the most stressful parts of tax filings is gathering the information. Looking for cancelled checks to prove charitable deductions or finding tax receipts and interest statements is one thing, but gathering proof of transportation or home office expenses when your record keeping has been lax can be excruciating. Managing tax record keeping as […]
