7 Tips for Tracking Your Small Business Expenses
Tracking expenses and revenue for small business owners is necessary to ensure a healthy business. Accurate financial information is needed to help make business decisions. Check out these tips for when you are starting a business or for when you are in your early years. 1. Have a separate business checking account. Mixing personal finances…
Read MoreHow to Get a Smaller Tax Refund in Order to Keep More Each Month
Often when we think of tax refunds, we think getting the biggest tax refund possible is great. But it may be better to keep more of your money each month by having less taxes withheld from your pay. This may help you pay your bills, pay off debt faster, or boost your savings. But you…
Read MoreWhat Should I Do if I Owe Taxes and Can’t Pay?
Most of us get tax refunds when we file our tax return. But sometimes we owe the U.S. Treasury some taxes when we file our tax return. Whether it’s expected or unexpected, the good news is if you owe, there are options. The IRS ultimately wants you to be able to pay. My advice starts…
Read More4 Ways to Get Help with IRS Issues
To help ease some of the difficulting of contacting the IRS during tax season, we are sharing four approaches you can try to fix your tax issue. 1) Discuss with your tax professional or tax preparation service if you have one. For some of us, this may seem obvious, but maybe we weren’t happy with…
Read MoreHow to Use Your Tax Account on IRS.gov
I like to say that your IRS online Tax Account is your friend. The IRS has slowly been adding capabilities to your online account. Which means there are customer service improvements. I expect improvements to continue since the more that can be done online, the less the strain will be on the IRS customer service…
Read MoreWhat if Letter 6419 or IRS records don’t match what I received for Child Tax Credit payments?
As of late December 2021, the IRS had a backlog of 6 million unprocessed individual tax returns and 2.3 million unprocessed amended individual tax returns from last year. As a result, this tax season is expected to include delays in processing. In this article, we will share five steps to help avoid delays and what…
Read More5 Ways to make sure your tax return is processed ASAP
The IRS does not guarantee tax return processing times, but here are five ways to make sure your tax return is processed as quickly and as smoothly as possible to minimize any delay in receiving your refund. 1.) File your tax return electronically. Electronically filed tax returns typically get processed faster than mailed tax returns.…
Read MoreHow to fix your tax return after making a tax filing mistake
If you made a mistake filing your taxes, you aren’t alone. Federal Income Taxes are complicated. If we can get through a lifetime of tax returns without making a mistake, we should get some kind of award. Let’s look at three situations for tax return mistakes. Your tax return is rejected when filing electronically. The…
Read MoreWhat Should I do with an IRS Letter?
The IRS sends many types of letters. Some IRS letters don’t require any action on your part while other letters do require action and have deadlines. IRS letters shouldn’t cause alarm, but IRS deadlines should not be taken lightly. In this article, find out what you need to do when you receive an IRS letter.…
Read MoreHow do I safely find and pick a tax preparer or online tax software?
There are a lot of options out there for tax preparation help and online tax software. We all want accurate tax preparation, reasonable prices, and good service. But with so many options available, it can be difficult to choose. So let’s go over some tips. How do I choose a tax preparer? Know what kind…
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