Month: February 2021

Common And Costly Errors Taxpayers Should Avoid When Preparing A Tax Return <h3><strong><a href=”https://tax-turbo.com/taxes-done-now/”>Common And Costly Errors Taxpayers Should Avoid When Preparing A Tax Return</a></strong></h3>Electronically filing a tax return reduces errors because the tax software does the math, flags common errors and prompts taxpayers for missing information. It can also help taxpayers claim valuable credits …

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Taxpayers Should Beware Of Ghost Preparers <h3><strong><a href=”https://tax-turbo.com/taxes-done-now/”>Taxpayers Should Beware Of Ghost Preparers</a></strong></h3>As people begin to file their 2020 tax returns, taxpayers are reminded to avoid unethical ghost tax return preparers. A ghost preparer is someone who doesn’t sign tax returns they prepare. Unscrupulous ghost preparers often print the return and have the taxpayer to …

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Taxpayers Must Report Gig Economy Income On Their Tax Return <h3><strong><a href=”https://tax-turbo.com/taxes-done-now/”>Taxpayers Must Report Gig Economy Income On Their Tax Return</a></strong></h3>In 2020, many people joined the gig economy to help make ends meet during the pandemic. Whether it’s a side business or a primary source of income, all taxpayers need to understand how their gig …

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Things Taxpayers Should Know When Choosing Between Standard And Itemized Deductions <h3><strong><a href=”https://tax-turbo.com/contact/”>Things Taxpayers Should Know When Choosing Between Standard And Itemized Deductions</a></strong></h3>Deductions reduce the amount of taxable income when filing a federal income tax return. In other words, they can reduce the amount of tax someone owes. Most taxpayers have a choice of either …

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All Taxpayers Have The Right To Pay No More Than The Correct Amount Of Tax <h3><strong><a href=”https://tax-turbo.com/contact/”>All Taxpayers Have The Right To Pay No More Than The Correct Amount Of Tax</a></strong></h3>When taxpayers complete their tax returns, they may discover they will owe taxes. By law, they have the right to pay no more than the …

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People Should Be On The Lookout For Identity Theft Involving Unemployment Benefits <h3><strong><a href=”https://tax-turbo.com/contact/”>People Should Be On The Lookout For Identity Theft Involving Unemployment Benefits</a></strong></h3>The IRS urges taxpayers whose identities may have been used by <a href=”https://tax-turbo.com/contact/”>thieves to steal unemployment benefits</a> to file a tax return claiming only the income they actually received. In 2020, millions of …

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IRS Offers Contact-Free Signature Options For Authorization Forms <h3><a href=”https://tax-turbo.com/taxes-done-now/”><strong>IRS Offers Contact-Free Signature Options For Authorization Forms</strong></a></h3>The IRS has a new online option to help tax professionals remotely get signatures from individual and business clients on authorization forms and submit those forms electronically. This new option is part of the IRS’ continued efforts to expand …

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What Taxpayers Need To Know About Claiming The Credit For Other Dependents <h3><strong><a href=”https://tax-turbo.com/taxes-done-now/”>What Taxpayers Need To Know About Claiming The Credit For Other Dependents</a></strong></h3>Taxpayers with dependents who don’t qualify for the child tax credit may be able to claim the credit for other dependents. The maximum credit amount is $500 for each dependent who …

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Taxpayers Can Visit IRS.Gov From The Safety Of Their Home For Answers To Tax Questions <h3><a href=”https://tax-turbo.com/taxes-done-now/”><strong>Taxpayers can visit IRS.gov from the safety of their home for answers to tax questions</strong></a></h3><p>As people <a href=”https://www.irs.gov/individuals/steps-to-take-now-to-get-a-jump-on-next-years-taxes”>get ready</a> to file their 2020 tax return, the IRS reminds taxpayers they can find answers to their tax questions from the safety of …

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Here Are Reasons Taxpayers Should File A 2020 Federal Tax Return – And Why E-File Is Best <h3><strong><a href=”https://tax-turbo.com/taxes-done-now/”>Here Are Reasons Taxpayers Should File A 2020 Federal Tax Return – And Why E-File Is Best</a></strong></h3>Most people with gross income of $12,400 or more must file a federal tax return. Some people with a lower income …

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