• Private Agencies Now Collecting for IRS – Your scam alert should be on high

    Private Agencies Now Collecting for IRS – Your scam alert should be on high

    Private Agencies Now Collecting for IRS – Your scam alert should be on high The IRS recently announced its outside collection agencies are now actively collecting past due tax bills. This will impact all of us. Here is what you need to know In a recent announcement, the IRS notified all taxpayers that outside collection of past-due tax bills is now beginning in mid-April 2017. This is a direct result of Congressional action in late 2015 requiring the IRS to turn over to outside companies billions in uncollected taxes it is no longer pursuing. This will impact all of us.

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  • Tax Tips for Those Getting Married – Know someone getting married? Send them this tip now.

    Tax Tips for Those Getting Married – Know someone getting married? Send them this tip now.

    If you recently got married, plan to get married, or know someone taking the matrimonial plunge, here are some important tax tips every new bride and groom should know. Notify Social Security. Notify the Social Security Administration (SSA) of any name changes by filling out Form SS-5. The IRS matches names with the SSA and may reject your joint tax return if the names don’t match what the SSA has on file. Address change notification. If either of you are moving, update your address with your employer as well as the Postal Service. This will ensure your W-2s are correctly stated and

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  • Five Steps to Take if You’re Audited

    Five Steps to Take if You’re Audited

    Five Steps to Take if You’re Audited Getting audited is no one’s idea of a good time, yet you can get through it if you take the right approach. Getting audited is no one’s idea of a good time, yet you can minimize the stress if you take the right approach. Step 1: Understand why and when. While it’s possible you were selected randomly, it’s more likely you were selected for a specific reason. One example might be if your deductions for charitable donations or business expenses were greater than is typical for your income or profession. Before proceeding, make sure

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