5 Write-Offs That May Trigger an IRS Audit

May 31, 2015

If there’s one thing that taxpayers fear more than paying taxes, it’s being audited by the IRS. Have you ever wondered about what triggers an IRS audit? While there is no clear-cut answer to that question, there have been plenty of theories on which tax deductions attract the attention of the IRS and result in…
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What Are the Tax Implications of Marriage?

May 20, 2015

There are numerous tax considerations for married filers. Depending on a couple’s specific circumstances, being husband and wife can be considered either a bonus or a penalty. Although marriage can potentially lead to a substantial tax penalty, it can also lead to a tax bonus in other scenarios. Filing Status Newly married couples face the…
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Types of Tax IRS Audits

May 15, 2015

Every year, the IRS selects random tax returns for audit. Being audited by the IRS can be a stressful experience. Many people are unaware, however, that there are different types of IRS audits, and they must understand that not all audits are handled equally. In some instances, the IRS may just want to clarify some…
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IRS Penalties and Interest

May 7, 2015

Individuals are generally given until April 15 to file their tax returns and pay any taxes they may owe for the year. In most instances, you will likely not have to pay any penalties—provided that your tax return was filed and the balance was paid by April 15. If you fail to meet the deadline…
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