Avoid These Common Tax Mistakes

By Dana McGuffin | October 3, 2017 | Comments Off on Avoid These Common Tax Mistakes
Avoid These Common Tax Mistakes

There are nearly 1,000 different tax forms used by the IRS to report tax obligations. It’s no wonder the IRS faces thousands of tax returns with errors each year. Here are some of the most common tax mistakes: Wrong names and Social Security numbers. Taxpayers regularly make mistakes by entering incorrect information for their spouses and…

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Time To Come Clean on Prior Year Tax Returns

By Dana McGuffin | May 5, 2016 | Comments Off on Time To Come Clean on Prior Year Tax Returns
Prior Year Tax Returns

Failing to file tax returns on time doesn’t necessarily make you a criminal, but the penalty for procrastinating can be punishing. What’s the price you’ll pay? The IRS can assess a failure to file penalty, which is usually 5% of your unpaid taxes per month, up to a maximum penalty of 25%. In addition, there…

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