Category Archives: IRS
5 Ways to Avoid an IRS Audit
5 Ways to Avoid an IRS Audit from SmartMoney.com
Your odds of being audited
Here’s an interesting article from the USA Today… Your odds of being audited
How to fix a mistake on a filed tax return
Did you discover an error on a tax return you’ve already filed? Here’s a good article from the Wall Street Journal that explains how to fix an error by filing an amended tax return… How to fix a mistake on … Continue reading →
Small Business Tools
Accounting Today talks about some small business tools available from the IRS that may be helpful: IRS Showcases Small Business Tools
The Importance of Good Record Keeping
Everyone in business must keep records, especially those that will come in handy when it’s time to think about taxes on the business. Continue reading →
How long should you keep your tax records
Personally, I recommend keeping your tax records and tax returns forever… if you don’t have that much storage space, this article from the USA Today provides a good guide on what to keep and when to throw it away. Tax … Continue reading →
Not ready to file? Then you need an extension…
Still not ready to file your 2010 1040? The IRS allows you to extend your return 6 months until October 17th (typically the extended due date is 10/15). To request an extension, file IRS Form 4868. Approval is automatic, but … Continue reading →
Tax Treatment of Early Distributions from a ROTH IRA
If you’re thinking about taking an early distribution from a ROTH IRA, please read this article first… Tax Treatment Of Roth IRA Distributions from Investopedia
Tax Myths
Here’s a great article on some very widespread tax myths… one of my favorites is that claiming the home office deduction will lead to an audit. Read on to find more… Tax myths can lead to costly mistakes from the … Continue reading →
Even with a Government shutdown, your taxes are still due 4/18… but your refund will be delayed
Government Shutdown Threatens to Delay Tax Refunds — but Taxes Still Due April 18 from ABC News
