Every year, the vast majority of taxpayers file their returns with the IRS between the end of January and the April due date. However, the IRS does not just take taxpayers’ word regarding the information on their returns. For this reason, tax season is followed by “matching season,” when the IRS attempts to match the …
Tax Central
Earn Tax-Free Income From Working Abroad
U.S. citizens and resident aliens are taxed on their worldwide income, whether they live inside or outside of the U.S. However, qualifying U.S. citizens and resident aliens who live and work abroad may be able to exclude all (or part) of their foreign salary or wages, or amounts received as compensation for their personal services …
Minimizing Tax On Social Security Benefits
Whether your Social Security benefits are taxable (and, if so, the amount that is taxed) depends on a number of issues. The following facts will help you understand the taxability of your Social Security benefits. For this discussion, the term “Social Security benefits” refers to the gross amount of benefits you receive (i.e., the amount …
What Are My Chances Of Being Audited And How Can I Reduce Them?
Despite having a pretty low chance of ever being audited, it’s helpful to know what COULD trigger an audit. Here are what actions and circumstances are most likely to trigger an audit:
What Are My Chances Of Being Audited And How Can I Reduce Them?Read More
