TaxAudit Blog

Keeping you up-to-date on tax issues that may affect your life.

 

We Will Win written on blocks

"Winning a tax audit,” simply means that you’ve paid the IRS no more than you rightfully owe. This is where the professionals at TaxAudit come in to help! Read More ›

 
Internal Revenue Service Sign on Building

If you have ever gone through an audit with the IRS or are just curious why the IRS audits tax returns in to begin with – you are in the right place. Read More ›

 
Payroll Tax written in blocks

Two payroll tax deferral programs were launched in 2020 in an attempt to relieve the cash flow squeeze that was affecting both businesses and their employees. Read More ›

 
Wedding

The surprising answer is yes – you can deduct some of your wedding expenses from your taxes under certain circumstances. Let's take a closer look. Read More ›

 
calculator with expenses written on it

Certain categories of employees can claim the deduction for unreimbursed employee business expenses, but not all. Let's explore some examples. Read More ›

 
Man looking at computer with a worried look on his face

The IRS has a fixed amount of time to try to get you to pay your tax debt. This fixed period is known as the “statute of limitations,” which generally 10 years. Read More ›

 
Person looking over paperwork

The gap between what taxpayers owe versus what they actually pay looms large. IRS audits are an attempt to collect the funds required to close this gap. Read More ›

 
gavel, money, seized house

If you owe the IRS money for taxes and have not been able to pay or make other arrangements, the IRS has the legal right to seize some of your possessions. Read More ›

 
Paper Stacks with calculator

State agencies who collect income tax can audit your tax return. One of the most common reasons for a state audit is the audit of your federal tax return. Read More ›

 
Nurse walking with elderly woman

Insurance policies may cover part of nursing home costs and the unreimbursed expenses can often be deducted on a Form 1040 individual tax return. Read More ›

 
This blog does not provide legal, financial, accounting, or tax advice. The content on this blog is “as is” and carries no warranties. TaxAudit does not warrant or guarantee the accuracy, reliability, and completeness of the content of this blog. Content may become out of date as tax laws change. TaxAudit may, but has no obligation to monitor or respond to comments.