Another Option for Your Federal Tax Refund: Savings Bonds

If you are receiving a federal tax refund from the Internal Revenue Service, you can choose to use that money to purchase U.S. savings bonds. Here are the top six things you’ll need to know about using your federal refund to purchase savings bonds. You may use a portion of your refund to purchase up …

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How to Obtain a Transcript of Your Past Tax Information

Taxpayers who need their past tax return information can obtain it from the IRS. Here are nine things to know if you need copies of your federal tax return information. There are two easy and convenient options for obtaining free copies of your federal tax return information — tax return transcripts and tax account transcripts. …

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The IRS’ 20 Questions for Independent Contractors

Are you Really an Independent Contractor? Independent contractors who don’t know about — or who ignore — the relevant aspects of current contractor tax law are endangering their own livelihood and pose a significant threat to companies. The IRS is currently funding California’s Employment Development Department (EDD) to conduct twice as many independent contractor-related corporate …

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Who is going to get audited by the IRS?

All taxpayers are potential subjects for an audit. The IRS supposedly uses a secret method to identify returns for audits. However, there are some situations that seem to “flag” an audit more than others. What others report to the IRS on your behalf. This is a very simple one. If someone is sending the IRS …

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Eight Things to Know If You Receive an IRS Notice

Did you receive a notice from the IRS this year? Every year the IRS sends millions of letters and notices to taxpayers but that doesn’t mean you need to worry. Here are eight things every taxpayer should know about IRS notices – just in case one shows up in your mailbox. Don’t panic. Many of …

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