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taxes

Missing a W-2? Here’s What You Do

W2 document
You're still waiting for your W-2. You know you're getting a refund and you want to file your return, but it's something you can't do until you receive your annual wage statement. The IRS requires employers to get workers their earnings information by the end of each January. This filing season, however, Jan. 31 falls on Sunday, meaning issuers have until Feb. 1 to mail the earnings stateme...
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Tips on How to Protect against Tax Identity Theft

How to protect yourself Fromm Identify Theft
Wow, I just read where the FTC said that tax identity theft has tripled over the last few years. Identity theft occurs when someone “steals” your personal information (social security number, birth date, name, address, etc.), files a phony tax return and gets your refund. You’ll never know it until YOU file your tax returns and the IRS claims that they already have one on file from you. If y...
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Shopping For A Competent Tax Preparer

Coins and Pens
The IRS requires that all tax-preparers must: Register with the Federal Government Pass a competency test Take continuing education courses Obtain a federal Preparer Tax Identification Number (PTIN) But, even if they are registered and have a PTIN number, it does not necessarily mean that they are competent. In a recent audit, the IRS had found substantial errors — overlooking com...
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What You Didn’t Learn in School: Six Tips from the Experts!

Finances and Calculator image
What You Didn’t Learn in School: Six Tips from the Experts!Did you ever wish they had taught courses in personal money management in school? Oh, they probably touched on it in high school. Maybe a little bit in college — that is, if it was a course as part of your major! So, what we did was depend upon family, friends, and bankers and tax preparers to help direct our financial future. Here a...
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Your Rights if The IRS Audits You

Audit
There are 3 letters that strike fear into the hearts of Americans — I-R-S! And the very thought of getting an audit by them — usually leads a person to panic. What you might not know is that back in the 1990’s, Congress passed the Taxpayer Bill of Rights Law, which places the burden of proof in tax disputes on the IRS – not the taxpayer. However, there are some additional rights you have if y...
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