One must Organize receipts, track expenses, and stay informed about tax laws. Consult a tax professional file on time to streamline your tax return process. Click to read more.
The 2017 Tax Cuts and Jobs Act eliminated the personal exemption. Learn more about personal exemptions, their applications, and how to use them to file a tax return.
Every year, most taxpayers must submit a tax return. If a taxpayer fails to file a tax return, the IRS has a list of those required to do so and can pursue those returns. That could lead to severe penalties and a rise in difficulties. Regardless of how many returns you have to submit, you and your tax professional should get started as soon as possible on preparing an accurate and full tax return that will help you regain good status with the Internal Revenue Service.