✅ What Is a Tax Audit? A tax audit is a review of your tax return by the IRS (or relevant tax authority) to ensure the information you submitted is accurate. The process may involve verifying income, deductions, credits, or any inconsistencies. Contrary to popular belief, audits aren’t always aggressive or invasive. In fact, most […]
Changing your personal or business name is a significant event. However, it’s crucial to also inform the Internal Revenue Service (IRS) and other relevant agencies to ensure your records match your tax filings. Failing to update your name can lead to delays in processing your tax return, refunds, or even legal complications. This article will […]
The IRS announces incremental adjustments to tax benefits every year due to inflation. Inflation has continued to increase over the last year. You may be wondering what does this mean to you and how does inflation affect your taxes. Rest assured, TurboTax has you covered. Below, we will cover the important inflation adjustments for 2024 and what that may mean […]
The April 15th tax deadline has come and gone. If you missed the tax deadline, don’t worry, you can still file. Here are 3 steps to get your taxes done today and get your refund. File Now – Don’t wait any longer! If you haven’t filed your taxes yet, don’t panic. You can still file […]
Unexpected things happen in life, and sometimes you can’t get your taxes filed on time. If you can’t file your taxes by the April deadline, you can file an extension to get more time to file your taxes. The IRS can work with you to find solutions to your tax problems, but it’s important to […]
Navigating tax obligations while facing unforeseen challenges posed by a natural disaster can make for especially difficult times. If you were a victim of a natural disaster in an area designated as a federal disaster by the Federal Emergency Management Agency (FEMA) the IRS has likely extended various federal tax deadlines and other relief to […]