A Mid Year Adjustment Can Prevent a Tax-Time Surprise When it comes to filing a federal tax return. Many people discover that they either get a larger refund or owe more tax than they expected. But this type of tax surprise doesn’t have to happen to you. One way to...
What to do if you get a Notice from the IRS. Each year the IRS mails millions of notices. Sometimes it seems like tens of millions if you get them personally. Here’s what you should do if you receive a notice from the IRS: Don’t ignore it. You can respond to most IRS...
Tip Sheet on Gambling Income and Losses Whether you like to play the ponies, roll the dice or pull the slots, your gambling winnings are taxable. You must report all your gambling income on your tax return. If you’re a casual gambler, odds are good that these basic...
