What steps do you take to get ready to file your taxes? There is no “set” way to prepare, but being organized at least will make the process much easier when the time comes. Read further to learn about some of the steps you can take to ensure you are prepared when tax season arrives. Ways To Prepare for Tax Filing What are ways to make tax season easier? There are many things you can do such as: Keep your tax documents in a secure location – This will really help when you are ready to file taxes. The more organized... View Article
Filing federal and state taxes is a responsibility and requirement for wage earners all over the country. While paying taxes has been a requirement for decades, the digital age has continued to have a big impact on this process. Today, many people choose to file their taxes electronically as opposed to sending them in by mail. For those that are looking to file their taxes, a common question is what are the advantages of e-filing of returns? There are various advantages to be aware of and consider. Convenience One of the main advantages of filing your taxes electronically is that it... View Article
Identifying theft can consist of stolen information, credit card numbers, and bank accounts. However, tax fraud is another element of identity theft that can have a major impact on your finances. The IRS issues an Identity Protection PIN (IP PIN) to help prevent tax-related identity theft. Here’s what you need to know about this important tool. What Is an IP PIN? An IP PIN is a six-digit number assigned to eligible taxpayers that helps the IRS verify their identity when they file their taxes. This number is used in addition to your Social Security number (SSN) to help confirm that... View Article
In today’s world, people must be more careful to protect themselves from identity theft and other nuisances. Getting an IRS PIN is one way to do that. Here’s some information about IRS PINs, what they are, how to get one, and whether you need one as a taxpayer in these modern times. What Is an IRS PIN? An IRS identity PIN is a number that gives taxpayers an extra level of protection regarding their tax accounts. With the IRS PIN, you can verify yourself when filing your tax returns, and having that unique number ensures that no other person can... View Article
The child tax credit is something many taxpayers have been interested in these past few years. The following are some facts about the credit for those interested in knowing if they qualify: What Is the Child Tax Credit? The child tax credit is a special benefit for people who care for children. A taxpayer may be eligible to receive the credit if he or she is caring for a child under the age of 17 at the end of the tax year. Currently, the government is offering advance child tax credit payments to all individuals who qualify. Most families do... View Article
