Personal Tax

If you changed your name as a result of a recent marriage or divorce, you should take the necessary steps to ensure the name on your tax return matches the name registered with the Social Security Administration (SSA). A mismatch between the name shown on your tax return and the SSA records can cause problems in the processing of your return and may even delay your … [Read more...] about Name Changes Can Complicate Filing

An IRS tax audit can come in a number of forms.  The most demanding are the face-to-face audits, which require sitting down with an auditor and reconciling income and deductions.  Others are the less demanding correspondence audits where the IRS has reason to believe that the taxpayer failed to include reported income or has overstated deductions. Correspondence Audits – … [Read more...] about Tips to Avoid a Tax Audit

Have you received your W-2?  These documents are essential to filling out most individual tax returns.  You should receive a Form W-2, Wage and Tax Statement, from all of your employers each year.  Employers had until January 31st to provide or send you a 2010 W-2 earnings statement either electronically or in paper form.  If you have not received your W-2, follow these … [Read more...] about What To Do if You Are Missing a W-2

If you already filed your federal tax return and are due a refund, you can check the status of your refund online. Where’s My Refund? is an interactive tool on the IRS web site at IRS.gov.  Whether you split your refund among several accounts, opted for direct deposit into one account, or asked the IRS to mail you a check, Where’s My Refund? will give you online access to your … [Read more...] about Checking the Status of Your Federal Tax Refund is Easy

March 2011 March 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during February, you are required to report them to your employer on IRS Form 4070 no later than March 10. Your employer is required to withhold FICA taxes and income tax withholding for these tips from your regular wages. If your regular wages are … [Read more...] about Due Date Reminders – Individual