068 The IRS Scam and 5 Things Needed to Complete Your Return
The IRS Scam – You get a phone call. You’re told that if you don’t pay the delinquent bill over the phone, you will be arrested.
Singles make up the largest taxpaying group.
Illinois is discussing whether to implement a millionaire tax similar to California.
No one is in the running for the NCAA challenge that Warren Buffet offered.
Question – What information do I need to deduct alimony payments I give to my former spouse?
The main topic was the five things usually missing from your tax return workpapers that your taxpreparer needs to prepare your tax return.
- 1099 Cost basis on the investment you sold.
- Home basis on the property you sold.
- K-1 information
- Sales tax on large items you purchased (Automobiles, Boats, RVs, Campers, etc)
- Engagement letter.
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Navigating The Tax Headline of the Week
NewsletterQ&A coming soon.
Tax TipsThe Additional Child Tax Credit is available on dependents under the age of 17.
- CIRCULAR 230 DISCLOSURE "We are required by IRS Circular 230 to inform you that the advice contained herein (including all attachments) was not intended or written to be used for the purpose of avoiding any penalties that may be imposed under Federal tax law and cannot be used by you or any other taxpayer for the purpose of avoiding such penalties."
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