Established in 1998 to provide independent oversight to the Internal Revenue Service (IRS), the Treasury Inspector General for Tax Administration (TIGTA) regularly audits IRS processes. In September 2019, the group completed an audit of various aspects of the IRS appeals hearing process. The TIGTA found several mistakes that are worrisome for taxpayers.
Over the last five years, the Internal Revenue Service (IRS) has issued over $2 billion in erroneous or fraudulent tax refunds related to amended tax returns. On July 31, 2019, the U.S. Treasury Inspector General for Tax Administration (TIGTA) released a report. The report detailed why these mistakes are happening. It also outlined […]
Tax Essentials for New Widows
Losing your partner can be emotionally debilitating, and on top of dealing with that aspect of the loss, you also have to handle numerous financial issues. Wondering how becoming a widow affects your income tax situation? Here’s a look at some of the essentials.
The most sweeping tax reform in over 30 years, the Tax Cuts and Jobs Act (TCJA) brings a lot of changes for businesses. If you run a business, you’ve probably been making quarterly payments on your 2018 income tax bill already, but you may not realize the whole scope of the changes […]
If you requested an extension on your 2017 income tax return, you need to file by October 15th. Just around the corner, this is the absolute last date you can file if you want to avoid serious penalties. Get ready with these tips.
Don’t Worry If You Don’t Owe
If you don’t owe any tax, the […]