TaxAudit Blog

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

 

Child Support

Child support is not deductible for tax purposes. Child support payments are also not required to be reported as income by any person receiving them. Read More ›

 
Multi-generational Family

How many of you double-check the beneficiaries of your retirement accounts? Failing to do so can have significant unintended consequences for your heirs. Read More ›

 
Tax Credits

Credits can either be refundable or non-refundable. Refundable tax credits can result in a refund if the credit amount is more than the taxes you owe. Read More ›

 
Passport

Due to seriously delinquent taxes,you could receive an IRS letter stating that your passport is being revoked or your passport application is being denied. Read More ›

 
IRS and Audit printed on puzzle pieces

What is an Audit Reconsideration? If a taxpayer goes through the audit process but disagrees with the results, they can request an Audit Reconsideration. Read More ›

 
IRS Agent

If you received a letter from an IRS Revenue Officer, you might be wondering what that means and what steps you should take next. Read More ›

 
Condos

There is a very good chance you can deduct mortgage interest on a second home – but it depends on the details of your situation. Let's explore more. Read More ›

 
Couple Looking at Paperwork

When certain medical expenses aren’t covered by a health insurance plan or have a high deductible, the IRS allows a tax deduction on the individual tax return. Read More ›

 
Man getting out of car wearing a business suit

Yes, you may be able to deduct mileage and gas on your taxes, but only if you meet certain conditions. Please allow me to explain. Read More ›

 
Chalkboard with Debt written all over it being erased

What if your spouse filed a return and failed to report income or overstated deductions – and you had no idea? This is where Innocent Spouse Relief comes in. 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 Content may become out of date as tax laws change.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.