September 15th, 2020 → 2:38 pm @ Marc Palmer // No Comments
Does the fear of a tax audit sometimes haunt your dreams or keep you up at night? If so, you’re not alone. Nobody really wants to deal with an audit, especially since even a simple mistake can expose you to fines, interest and other penalties. Well, this may be welcome news: The Internal Revenue Service has…
The post What are the odds of an audit? (It may be lower than you think) appeared first on The Law Firm of Lance R. Drury.
August 31st, 2020 → 5:48 am @ llangfordcontentcustoms // No Comments
You were so cautious about paying your taxes on time that you made an error on the return. That simple error meant that you overpaid by a few hundred dollars, which you’d like to get back from the Internal Revenue Service. Did you know that you are able to request a refund if you overpay on your taxes? You may…
August 31st, 2020 → 5:48 am @ Kristin Williams // No Comments
You were so cautious about paying your taxes on time that you made an error on the return. That simple error meant that you overpaid by a few hundred dollars, which you’d like to get back from the Internal Revenue Service. Did you know that you are able to request a refund if you overpay on your taxes? You may…
The post Overpaid your taxes? It’s your right to request a refund appeared first on The Law Firm of Lance R. Drury.
August 31st, 2020 → 5:48 am @ Kristin Williams // No Comments
You were so cautious about paying your taxes on time that you made an error on the return. That simple error meant that you overpaid by a few hundred dollars, which you’d like to get back from the Internal Revenue Service. Did you know that you are able to request a refund if you overpay on your taxes? You may…
The post Overpaid your taxes? It’s your right to request a refund appeared first on The Law Firm of Lance R. Drury.
August 18th, 2020 → 5:14 am @ llangfordcontentcustoms // No Comments
Do you feel nervous when you do your taxes? Maybe you don’t want to pay someone to do it for you — or you can’t afford it — and yet you are well aware that no one ever taught you how to do your taxes. You just try to fill out the forms as well as you can, constantly worrying…
August 18th, 2020 → 5:14 am @ Kristin Williams // No Comments
Do you feel nervous when you do your taxes? Maybe you don’t want to pay someone to do it for you — or you can’t afford it — and yet you are well aware that no one ever taught you how to do your taxes. You just try to fill out the forms as well as you can, constantly worrying…
The post People do make tax mistakes appeared first on The Law Firm of Lance R. Drury.
August 10th, 2020 → 7:38 pm @ leah.noel@thomsonreuters.com // No Comments
If you are like most Americans, you may get a little creative in your efforts to reduce your tax obligations and maximize the percentage of your annual income that stays in your accounts. Unfortunately, if you underpay your taxes because you get a little too aggressive with your attempt to avoid taxes, you may receive a notice of deficiency from…
August 10th, 2020 → 7:38 pm @ Kristin Williams // No Comments
If you are like most Americans, you may get a little creative in your efforts to reduce your tax obligations and maximize the percentage of your annual income that stays in your accounts. Unfortunately, if you underpay your taxes because you get a little too aggressive with your attempt to avoid taxes, you may receive a notice of deficiency from…
The post What costs will the IRS assess on your underpayment of taxes? appeared first on The Law Firm of Lance R. Drury.
August 4th, 2020 → 11:17 am @ llangfordcontentcustoms // No Comments
Some people wonder if they submit the IRS form 8275 with their tax return that they will be subjected to an increased risk of audit, but this isn’t necessarily the case. There isn’t anything in the tax code that requires the IRS to audit returns based on the inclusion of this form. The form 8275 is used when there is…
August 4th, 2020 → 11:17 am @ Kristin Williams // No Comments
Some people wonder if they submit the IRS form 8275 with their tax return that they will be subjected to an increased risk of audit, but this isn’t necessarily the case. There isn’t anything in the tax code that requires the IRS to audit returns based on the inclusion of this form. The form 8275 is used when there is…
The post Does a disclosure on tax forms lead to an audit? appeared first on The Law Firm of Lance R. Drury.