Record Keeping – IRS

"Record Keeping" from IRS

Good Recordkeeping – Keeping Good Records Reduces Stress at Tax Time This is Kim Lawson. I’m talking with Monica Baker about good recordkeeping [...]

Tips for Managing Your Tax Records

After you file your taxes, you will have many records that may help document items on your tax return. You will need these documents should the IRS select your [...]

Beware of Tax Scams

The IRS wants taxpayers to be aware of tax scams. These scams are illegal and can lead to problems for taxpayers including significant penalties, interest and [...]

IRS Targets 1040 Schedules, Procedures in Preparer Compliance Visits

In its current round of office visits involving tax preparer compliance, the IRS is targeting practitioners who prepare a high percentage of returns with [...]

Tax Season Starts on Time for Most Taxpayers; Those Affected by Late Tax Breaks Can File in Mid- to Late February

WASHINGTON — The Internal Revenue Service announced the upcoming tax season will start on time for most people, but taxpayers affected by three recently [...]

The Child and Dependent Care Credit

The Child and Dependent Care credit allows a credit for amounts paid for child care and household services to enable the taxpayer to be gainfully [...]

Advantages of Keeping Good Records

You can avoid headaches at tax time by keeping track of your receipts and other records throughout the year. Good record-keeping will help you remember the [...]

Hurricane Season: Safeguard Your Tax Records

With the 2010 hurricane season now under way, individuals and businesses should safeguard their tax records by taking a few simple steps. Create a Backup Set [...]

Don’t Panic! Eight Things to Know If You Receive an IRS Notice

The Internal Revenue Service sends millions of letters and notices to taxpayers every year. Here are eight things taxpayers should know about IRS notices - [...]

Spring Cleaning: Tax Records You Can Throw Away

  Spring is a great time to clean out that growing mountain of tax and financial papers that clutters your home and office. Here's what you need to keep and [...]