Tag: audit

  • Questions You May Still Have After Filing Your Tax Return

    Questions You May Still Have After Filing Your Tax Return

    If you’ve successfully filed your 2022 tax return with the IRS, you may think you’re done with taxes for another year. But some questions may still crop up about the return. Here are brief answers to three questions that we’re frequently asked at this time of year. When will your refund arrive? The IRS has…

  • IRS Audits May Be Increasing, So Be Prepared

    IRS Audits May Be Increasing, So Be Prepared

    The IRS recently released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. But even though a small percentage of returns are being chosen for audit these days, that will be little consolation if yours is one of them. Latest statistics Overall, just 0.5%…

  • Still Have Questions After You File Your Tax Return?

    Still Have Questions After You File Your Tax Return?

    Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about the return. Here are brief answers to three questions that we’re frequently asked at this time of year. Are you wondering when you will receive your refund? The IRS has an online tool that can…

  • Good Records Are the Key to Tax Deductions and Trouble-Free IRS Audits

    Good Records Are the Key to Tax Deductions and Trouble-Free IRS Audits

    If you operate a small business, or you’re starting a new one, you probably know you need to keep records of your income and expenses. In particular, you should carefully record your expenses in order to claim the full amount of the tax deductions to which you’re entitled. And you want to make sure you…

  • Three Issues to Consider After You File Your Tax Return

    Three Issues to Consider After You File Your Tax Return

    The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 pandemic. After your 2019 tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are three considerations. 1. Some tax records can now be thrown…

  • Blockchain May Soon Drive Business Worldwide

    Blockchain May Soon Drive Business Worldwide

    “Blockchain” may sound like something that goes on a vehicle’s tires in icy weather or that perhaps is part of that vehicle’s engine. Indeed it is a type of technology that may help drive business worldwide at some point soon — but digitally, not physically. No matter what your industry, now’s a good time to…