TaxAudit Blog

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

 

Grandmother driving Grandchild

My wife drives to transport our granddaughter to our house to watch for the day. Is this to-and-from mileage deductible as a job-related expense? Read More ›

 
Net Operating Loss

When you prepare your federal income tax return, your business may incurre a loss. Here are the tax implications if you have suffered a net operating loss. Read More ›

 
Man hitting button to enter parking structure

As a self-employed taxpayer, you can deduct your business-related parking fees as an expense on Schedule C, Profit and Loss from Business. Read More ›

 
Capital Gains

I had investment capital losses of over 17,000 dollars, yet my Schedule D is only allowing a $3,000 loss. Can I take the additional losses in future tax years? Read More ›

 
Last Will and Testament

I inherited a property located in foreign country from non-US relative, do I need to file 1099-S? I did not receive 1099-S since the property is not in USA. Read More ›

 
tax return in an envelope

The IRS encourages electronic filing to avoid processing delays. However, you may mail your IRS and state returns in. You can find the address required here. Read More ›

 
attorney helping client

Well, the truth of the matter is that an attorney is not always needed, but in some cases, one is absolutely required. So, how do you know when that might be? Read More ›

 
Payroll Taxes Sign on top of dollar bills

The IRS takes payroll tax delinquency seriously – so seriously that IRS Revenue Officers have closed down businesses for not paying them. Tax help is available. Read More ›

 
red binder labeled audit

When you filed your tax returns through TurboTax, you decided to opt in and purchase Audit Defense. If you get a future IRS letter, how does Audit Defense work? Read More ›

 
Amount You Owe

The thought of owing the IRS money can be a scary thought – especially if you’re not sure you do! The IRS has provided tools to help taxpayers like you! 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 Content may become out of date as tax laws change.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.