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Every tax season, the IRS comes out with various warnings and reminders to taxpayers about how to avoid problems with their filings. Usually, this is in response to common mistakes that taxpayers...
Returns for the 2022 tax year are due April 18, 2023. Here are easy ways to avoid some of the biggest tax mistakes. ... Need more time to file your tax return? No problem.
Unfortunately, according to the Internal Revenue Service (IRS), nearly 17 million mathematical mistakes were made on tax returns in 2022 alone. While some of these mistakes can be minor, others ...
“The IRS charges a penalty which will be effectively 25% of the tax due for those that eventually file a late return,” he said. “The IRS has 10 years to collect a tax debt and that date ...
How To Correct the Problem Review your W-4s regularly. Life changes can occur over the course of the year, and you can adjust your W-4 information at any time."Most individuals fail to review this ...
Getting your taxed filed can feel like a huge burden has been lifted -- but what if after you submit your return, you realize you made an error? See: Why You Should Line Up a Tax Preparer Now --...
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