Income Taxes and Credits Deductions

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Why Do I Need a Tax Transcript?

The two most common reasons for needing a tax transcript are: Applying for a mortgage Requesting financial aid for college Many banks and other lenders...

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Preparing to File Next Year’s Tax Return 

As year-end 2021 approaches, it’s a good time to start organizing for 2022 tax season. Steps you take now can save you headaches – and...

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Filing Taxes as a Victim of Identity Theft 

If you tried to electronically submit your tax return and the IRS kicked it back noting that you had already filed a return, you might...

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IRS Cryptocurrency Tax Cases

While cryptocurrency transactions have yet to hit the IRS’s top list of tax scams, the agency has been watching the market for the past few...

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Filing Back Taxes This Tax Season

If you suddenly realized you made a mistake on your last tax return and owe more money to the IRS, don’t panic. The tax agency...

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What are Soft Letters from the IRS?

If you have received a letter via regular mail from the Internal Revenue Service (IRS) asking about a tax position you took on a recent...

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What Happens When the IRS Suspects Criminal Tax Fraud?

When you hear the word “criminal” combined with the words “tax fraud,” you might think of Al Capone, the 1930s gangster who was finally jailed...

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IRS Cracks Down on Cryptocurrency Taxable Gains

If you own cryptocurrency, you should probably keep an eye on your mailbox. The Internal Revenue Service is cracking down on bitcoin and other cryptocurrency...

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IRS Cracking Down on Syndicated Conservation Easements

The IRS has launched a new campaign aimed at the investigation and penalization of those who participate in syndicated conservation easement transactions. Recently, IRS Commissioner...

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Tax Deductions for Charitable Donations

Post updated April 2023 So long as there has been disaster and tragedy in the world, there have been helpers. As the patron saint of...

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