File early to avoid tax identity theft

File early to avoid tax identity theft

If you’re like many Americans, you may not start thinking about filing your tax return until the April 15 deadline (this year, April 18) is just a few weeks — or perhaps even just a few days — away. But there’s another date you should keep in mind: January 19. That’s...
The IRS May Put You on Hold

The IRS May Put You on Hold

During the tax preparation season, business owners, individual taxpayers, and CPAs often have questions for the IRS. If you need to call the agency, be prepared for a long wait. Increased tax code complexity plus budget cuts have resulted in frustrating experiences...
Substantiating Charitable Contributions

Substantiating Charitable Contributions

In order to substantiate monetary charitable contributions, you must have either a bank record of the contributions or a written acknowledgement from the organization. Cancelled checks are the easiest way to substantiate your contributions. Unsubstantiated cash...