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Budget Cuts Leading To Fewer Tax Audits in 2015?
In 2014, Congress slashed the IRS budget by nearly $350 million, putting their budget at 10.9 billion, the lowest it has been since 2008. These cuts will leave the IRS operating at a capacity of 17% less than usual and are anticipated to lead to a good amount of staff cuts. So if you are looking to call the IRS for...
Important Tax Changes for 2015
It's crucial to stay up to date on all the changes to the tax code as the season approaches. The IRS has announced a few small changes to the code for the coming year. Here's a look at what you need to know. Inflation adjustments: This past October, the IRS made three notable changes tax benefits to adjust for...
3 Misconceptions about Tax Preparation
In times of chaos, everybody seems to have a word of advice and while some are legitimate and true, a whole host of others only lead to chaos and misconceptions. What is the most chaotic time of the year? Most adults would agree it’s the time when you have to start your tax preparations and get ready for filing...
Last Day To Participate in the Annual Filing Season Program
Today is the last day of the year and also the last day for tax preparers to participate in the Annual Filing Season Program (AFSP). The AFSP is an IRS effort to recognize tax preparers who aspire to a higher degree of professionalism by completing a specific amount of continuing education and an Annual Federal Tax...
3 Sources for Inexpensive Tax Preparation Help
If you are filing your taxes or amending last year’s tax returns, tax preparation help is likely to be needed by you at one point or another during this process. Tax preparation is basically the process of making yourself ready to file your taxes – this involves making sure of your finances, collecting and...
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