Received an IRS notice? 8 things to know

IRS.gov – Each year, the Internal Revenue Service sends millions of letters and notices to taxpayers for a variety of reasons. Here are eight things to know about IRS notices – just in case one shows up in your mailbox. 1. Don’t panic. Many of these letters can be dealt with simply and painlessly. 2. […]

Financial records: what to throw away and when

FDIC.gov – Bank statements, credit card bills, canceled checks and other documents can be useful for tax purposes, as proof of a transaction or payment, or for other reasons. But how long should you keep them; when can you finally throw them away? A simple blog post really can’t tell you when it’s totally safe […]

Avoid phishing scams, recognize fake IRS emails

IRS.gov – The IRS receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the Internal Revenue Service. Many of these scams fraudulently use the Internal Revenue Service name or logo as a lure to make the communication more authentic and enticing. The goal […]

Earned Income Tax Credit – Do Not Miss!

IRS.gov – The Earned Income Tax Credit is a financial boost for workers earning $48,362 or less a year. Four of five eligible taxpayers filed for and received their EITC last year. The IRS wants you to get what you earned also, if you are eligible. Here are the top 10 tips the IRS wants […]

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