Starting a Business This Summer? Here’s Five Tax Tips

If summer plans include starting a business, be sure to visit IRS.gov. The IRS website has answers to questions on payroll and income taxes, credits and deductions plus more. New business owners may find the following five IRS tax tips helpful: 1. Business...

How Does the IRS Contact Taxpayers?

When the IRS needs to contact a taxpayer, the first contact is normally by letter delivered by the U.S. Postal Service. The IRS doesn’t normally initiate contact with taxpayers by email, nor does it send text messages or contact through social media channels....

Phone Voice

According to my social media guru, The Small Biz Big Mouth, today is #RespectForParentsDay. I thought about writing a piece about one of my two children but then remembered that they’re teenagers. I don’t trust anything they have to say about me at this...

Members of the Armed Forces Get Special Tax Benefits

Members of the military may qualify for tax breaks and benefits. Special rules could lower the tax they owe or give them more time to file and pay taxes. In addition, some types of military pay are tax-free. Here are some tips to find out who qualifies: 1. Combat Pay...

Tips on How to Handle an IRS Letter or Notice

The IRS mails millions of letters every year to taxpayers for a variety of reasons. Keep the following suggestions in mind on how to best handle a letter or notice from the IRS: Do not panic. Simply responding will take care of most IRS letters and notices. Do not...