Hobbies are an important part of our lives. They offer stress relief, the opportunity to develop new skills, the ability to escape from the rigors of our everyday lives, and are an important part of allowing us to remain vital and active into our twilight years.
The overall number of tax audits continued to decrease with about one million individual returns flagged last year, which equates to less than one percent of all those filed. This number was 16 percent lower than the prior fiscal year.
Getting contacted by the Internal Revenue Service (IRS) is one thing that can put everyone on equal footing. It does not matter if you are a regular Joe the Plumber or the King of Pop, a phone call or mailing from the IRS will likely increase your heart rate and cause you to break into a cold sweat.
A recent report from the Internal Revenue Service contained mixed news overall: a small drop in the number of individual tax returns audited in fiscal year 2015, but a slight increase in the review of business filings.
The Internal Revenue Service conducts few on-site audits. As budget cuts affect resources, the IRS must prioritize its efforts. One area of focus is and has been the Earned Income Tax Credit (EITC).
Fantasy football used to be limited to leagues set up through Yahoo. Some leagues required players to pay a buy in and then awarded the winner the pot of money at the end of the season.
Most tax documents are required to be sent by January 31st of each year. As you start to compile your tax documents, consider these tips before hiring a tax preparer.
In ancient Greece, a community of people called Pythagoreans attributed mystical and even sacred qualities to certain numbers and geometric forms.
With a new income tax filing season getting underway, now is naturally the time to think about avoiding a tax audit. And if you happen to be already facing an audit, you want to know what you’re getting into.
The end of the year is a natural time to think of charitable giving. It's an opportunity to support organizations whose work you care about while making intelligent use of the charitable deduction for tax planning purposes.