The IRS Audit Blog

Posts Tagged ‘personal’

Question: Darius and Matilde have a balance due on their Form 1040, line 75. They don’t?

Darius and Matilde have a balance due on their Form 1040, line 75. They don’t
think they have enough money in their checking account to pay this by April 15.
What can they do?
a. Pay the amount owed with their credit card.
b. Have the funds automatically withdrawn from their savings account.
c. Use Form 9465, Installment Agreement Request, to apply to the IRS for a
monthly installment agreement.
d. Any of the above.

Answer: It’s actually answer D since the insufficient balance only relates to the checking account.

Try to do your own homework, nevertheless.

Know the most common mistakes taxpayers make

The IRS audited 1.4 million income tax returns in fiscal year 2008, with many of these audits coming because taxpayers committed some common mistakes.   Whether it’s something as complicated as claiming an incorrect business deduction or as simple as writing down an incorrect Social Security number, certain taxpayer mistakes act as red flags for IRS examiners.

Need to get organized?

“Get organized.” So easy to say, so hard to execute. For professional organizers, the people who teach others how to de-clutter their lives, January is often the busiest month of the year. Their calendars are booked by clients inspired by a New Year’s fervor to organize, purge and simplify. One of those clients is Irma McClure, a busy entrepreneur and volunteer whose Roseville home is often full …

Tax Attorney Sacramento – How to find the best deal?