The IRS has published the top Tax Scams of 2019, warning taxpayers that these scams increase during tax season, however they are ongoing throughout the year. Here is a run through of the top 12 scams of 2019 called the “Dirty Dozen”.
Did you get a notice from the IRS? Have you already looked it up in our IRS Notice Decoder? Are you still unsure what to do?
Let me break it down for you. If you get an IRS notice follow these 5 easy steps:
It isn’t unusual to make mistakes on a tax form so don’t feel like you are the only one. The good thing is that there are ways to correct them. Filing an amended tax form is an option that is available to correct a mistake. Their are only three types of corrections that can be made electronically: vin correction, change in vehicle weight, and mileage limit exceeded, however any other type of corrections can be submitted through paper form.
What a year it has been! As the year wraps up, it is the perfect time to make sure you have good records when entering the New Year. You never know when you will receive an audit from the IRS, and keeping good records will help prepare you for this.
A Preparers Tax Identification Number (PTIN) is an IRS business tax identification number issued to paid preparers of U.S. federal tax returns, like the Form 2290. Anyone who receives compensation for preparing tax returns is considered a paid preparer and must have a PTIN issued by the IRS.
Many Canadians have been receiving the post card below. To most, this probably isn’t big news. But to a few, and especially with the new FRP plan getting started, it’s a big change. This article is mostly for Canadians – but is probably good advice for anyone who wants to cross the US/Canada boarder.
Suspended vehicles are vehicles that travel less than 5,000 miles on public highways (7,500 miles for agricultural vehicles). These types of vehicles still need to file a Form 2290, but will owe $0 in taxes. Since there is no tax amount due to the IRS for these kinds of vehicles, the IRS wants proof that your vehicle travels under that mileage limit.
We have been noticing more and more of our customers who have filed suspended returns get audited by the IRS and did not have the right kind of proof to defend themselves. We don’t want this happening to anyone else.
Did you get a penalty notice – but you KNOW you filed, and you KNOW you paid your taxes? Well then you, like many others, may have gotten a mistaken penalty notice.
You have spent a lot of time collecting all your tax information, filing the Heavy Vehicle Use Tax, and you finally received your stamped Schedule 1. To your surprise and dismay, you see that a typo was made in the VIN. Where do you go from here?
Thankfully, we offer VIN corrections at no charge. “No charge” meaning completely free– you don’t pay us anything and you don’t pay the IRS any more taxes.