Curated Links: 04/08/2024 – Tax Deadline: One Final Review
I Made a Mistake on My Taxes
You have many options on how to fix a mistake on your tax return depending on whether you received a notice and the kind of mistake you made.
https://www.taxpayeradvocate.irs.gov/get-help/issues-errors/i-made-a-mistake-on-my-taxes/
Source: Tay Payer Advocate
What Happens If I Don’t File My Taxes?
Though some Americans with low income are technically not required to file tax returns, the IRS generally expects you to submit a return if you meet the earnings criteria.
https://www.forbes.com/advisor/taxes/what-if-you-dont-file-taxes/
Source: Forbes
How the IRS knows you didn’t report income
When it suspects a taxpayer is failing to report a significant amount of income, it typically conducts a face-to-face examination, also called a field audit. IRS agents look at a taxpayer’s specific situation to determine whether all income is being reported.
https://www.cbsnews.com/news/how-the-irs-knows-you-didnt-report-income/
Source: CBS News
How to Handle an Incorrect 1099 from the IRS
Should there be an error on your 1099 form, it is a bad idea to ignore it. You will save yourself a lot of stress by taking control of the issue.
https://www.taxprofessionals.com/articles/how-to-handle-an-incorrect-1099-from-the-irs
Source: Tax Professionals
Made A Mistake On Your Tax Return? 15 Things You Need To Know
Most folks assume that work for tax professionals tapers off after Tax Day, but for many of us, the pace actually picks up. This is often the time when the tough questions begin. Mistakes are totally fixable. Here’s what you need to know:
Source: Forbes