IRS tax preparer penalties

Article Summary: People who charge for preparing tax returns or refund claims can face tax preparer penalties if they fail to perform their duties correctly or engage in illegal behavior. Find out what tax preparer penalties are and how you can avoid them. Tax preparers can face serious penalties if they are negligent or break […]

Complete guide to tax IRS help

Article Summary The American Rescue Plan Act is best known for sending out $1,400 stimulus checks to many Americans and extending $300-enhanced unemployment. (“$300-enhanced unemployment” means state unemployment payments enhanced by $300 per week of federal stimulus.) But if you collected unemployment in 2020, you should pay attention to another part of the plan. You […]

How to get free tax help

How to Get Free Tax Help

Article Summary Tax preparation can be expensive, but it’s available for free if you know where to look. The IRS Free File program, for example, is a great option, but it’s by no means the only way to get free tax help. Filing income tax returns used to mean laboring over paper forms, boxes of receipts, […]

Credit Karma Tax® Takes on the Industry, Expands Its Always-Free Premium Tax Product

Tax credits reduce the amount you owe in taxes. As such, it’s important to know what credits are available to you. Plus, you can reduce your tax bill in the future by planning your financial strategy to optimize the credits that best suit your lifestyle. Read on to discover the top 2020 tax credits. What […]

IRS AUDIT TIPS

Just the thought of an “IRS audit” is enough to strike fear in the heart of any taxpayer. Everybody knows someone with a story about an audit from hell from an over-zealous collections officer. Audits can be an effective bogeyman to “encourage” people to be truthful in their tax returns, but what are the odds […]

TAX AMNESTY

Article Summary Tax amnesty programs provide taxpayers with an opportunity to file and pay for outstanding tax debts without paying a penalty. Most tax amnesty programs are set up by states. They are a fast way to generate revenue and they also help out taxpayers. A win-win for everyone. Find out which tax amnesty programs […]