Ask the taxgirl: Statute of Limitations
Taxpayer asks: Any site that you can provide related to the statue of limitations of unpaid individual income taxes? The tax periods in questions are from 1982 – 1987. taxgirl says: This is actually a...
View ArticleHow Long Should You Keep Records After Tax Day?
You’d think that the day after Tax Day would be quiet – but it’s not. You see, once tax time has come and gone, taxpayers are not completely off the hook. You’ll want to keep records and documentation...
View ArticleTaxes From A To Z (2013): S Is For Statute Of Limitations
S is for Statute of Limitations. All good things must come to an end… And even the Internal Revenue Service has a limit on how much time can pass before they may no longer assess and collect on federal...
View ArticleHow Long Should You Keep Records After Tax Day?
(Update: We have a winner! It’s tucscongirl!) My kids are little hoarders. I swear one of these days, A&E is going to launch a “Hoarders: Kids Edition” and you’ll see my kids on the show, with...
View ArticleNow That Tax Day Has Passed, How Long Should You Keep Those Tax & Financial...
It's true that the Internal Revenue Service wants you to hang on to your important records. Here are some tips to help you figure out which records to keep and how long to keep them.
View ArticleWhich Records Do I Need To Keep After Tax Day?
Now that Tax Day has passed, wondering what to toss and what to keep? Here's what you need to know.
View ArticleIRS Will Limit Collections Activities During COVID-19 Crisis
The Internal Revenue Service (IRS) has announced a series of steps to assist taxpayers impacted by COVID-19. Relief ranges from easing payment guidelines to postponing compliance actions. COVID-19 is...
View ArticleFrom Depreciation To Refunds, What You Can Learn From Trump’s Tax Returns
I haven’t seen President Trump’s tax returns. I’m going to start there. No matter how many times I’ve been asked today to offer my “take” on the returns, I can’t give a more honest answer than, “I...
View ArticleCan I Wait Out the IRS?
There are two parts to settling up with the IRS: assessment and collections. I took a look at what you need to know about IRS The post Can I Wait Out the IRS? appeared first on .
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