TaxAudit Blog

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

 

Inheritance on top of money

Generally, when you inherit money it is tax-free to you as a beneficiary. However, like so much in tax law, the answer to this question is “it depends.” Read More ›

 
Warning tax scam sign laying on a keyboard

The IRS has published a “Dirty Dozen” list to warn taxpayers to beware of joining the thousands of people who lose millions of dollars to scammers each year. Read More ›

 
Stimulus Check

If you are currently under audit with IRS, you will still receive a stimulus check if your income falls within the eligibility limits. Read More ›

 
small business owner

If you are the sole proprietor, the chance of being selected for audit by the IRS is 4.5 to 12 times higher than it is individuals without a business. Read More ›

 
Woman reading CP2000 letter from the IRS

If you received a CP2000 notice from the IRS, it helps to understand what it is and how to handle it. Here are a few essential things to know about a CP2000. Read More ›

 
IRS Scam

Taxpayers must constantly be on the lookout to avoid getting caught up in the many scams and schemes that try to separate us from our hard-earned dollars. Read More ›

 
Man holding sign saying Stimulus Checks

Generally, yes. If you owe back taxes or have a payment agreement with the IRS, you will still receive a stimulus check if you are eligible to received one. Read More ›

 
woman distressed about tax bill

Thankfully, for those who owe federal income taxes on their 2019 individual income tax return or are on the hook for prior tax years, help has arrived. Read More ›

 
Hands surrounding a pile of money

Under current federal law, union dues are generally not deductible. However, there are a few exceptions, and if your union dues meet one of them you are in luck Read More ›

 
tax document showing filing status options

Generally, Married Filing Jointly is more beneficial as some deductions are not allowed if you file Married Filing Separate. You can use tax software to compare 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 Content may become out of date as tax laws change.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.