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Our carefully crafted blogs offer valuable insights and guidance on taxes, accounting, finance, and beyond. Stay informed with expert advice designed to help you navigate the financial world with confidence.
Tax season is not just a time for filing returns; it's also peak season for savvy criminals looking to exploit unsuspecting taxpayers. Scammers often impersonate the IRS through various channels, including over the phone, via email, or physical mail; all with the aim of stealing money and sensitive personal information. To safeguard yourself against these threats, it's crucial for all taxpayers to remain vigilant and well-informed. Here's a guide on how to protect yourself from tax scams.
Receiving a notice from the IRS about a tax audit can be anxiety-inducing, but it's crucial to stay calm and approach the process with preparation and understanding. Contrary to popular belief, an audit does not necessarily indicate suspicion of criminal activity. It's often a routine examination to ensure the accuracy of financial data on tax returns.
Here's a rundown on how to prepare for and navigate through a tax audit, from understanding the types of audits, your rights during the process, to the conclusion of the audit.
The pink tax isn't a federal tax that affects your income tax refund, but it's a form of unequal pricing that impacts millions of women's personal finances.