Tag Archive for: audits

Do IRS Cuts Mean You Can Make Mistakes With Your Taxes In 2025? Some Taxpayers Think So

Many taxpayers feel less concerned about errors on their taxes this year, given the cuts at the IRS and the overall perception of a disorganized federal workforce. However, despite the ongoing IRS staff reductions, experts caution taxpayers not to take risks with their returns.

Five Common Errors To Fix In Your IRA Before The IRS Flags Them

You might receive IRS Form 5498 for the previoous year if you had reportable deposits for your IRA, such as regular IRA and rollover contributions, and Roth IRA conversions. The form provides the basis for auditing such IRA activities and helps you to identify and fix related errors before the IRS flags them.

Answers To 15 Common Tax Questions

This is the time of the year people are searching for free tax help they can trust, trying to squeeze out more valuable deductions, hoping to avoid penalties or audits, eagerly awaiting their refunds or wanting to make sure they aren’t victims of tax scams. Read on for answers to the most common tax questions.

Six Occasions When You Need To Hire A Pro To Do Your Taxes

While there are some great online tax-preparation tools that enable DIYers to prepare a tax return efficiently and cheaply, sometimes life throws you into 1040 Not-So-EZ territory. For six scenarios to consider an expert reinforcement. CLICK ON THE HEADLINE