If you haven’t received your tax refund yet you are not alone. Unless there is an error, the IRS will typically issue most refunds in less than 21 calendar days. However, 2021 is far from a typical year for a number of reasons.
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Tax Talk
The IRS is now using outside collection agencies to collect unpaid tax obligations. This could create an opportunity for collection agency scams with thieves masquerading as IRS-endorsed suppliers. How do you know if a collection effort is real or a scam?
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Watch Out for the IRS “Dirty Dozen”
Each year the IRS publishes a “Dirty Dozen” list of tax-related scams. The lengths that some con artists will go to avoid taxation are eye-opening. We’ve selected what we feel are highlights from the 2015 list.
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IRS Issues: “Repair Regulations”
“Repair regulations” provide guidelines and safe harbors to help you determine when certain purchases and expenditures are considered repairs, maintenance, improvements, materials or supplies that can be deducted in the year of purchase.
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Taxes and Marriage: The Second Time Around
Wedding bells bring rejoicing – and financial changes. If you’re marrying for the second time, the changes might seem overwhelming. On the surface, tax and financial planning for a second marriage is similar to that of a first marriage, but there’s more to taxes and marriage the second time around.
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IRS Audits: What You Need to Know
No one like to be in the IRS’ spotlight, but the reality is that audits can happen to anyone. We’ve detailed the three types of IRS audits to keep you from being blindsided in the event of an audit.
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