Download MileIQ to start accurately tracking your miles » According to the IRS, your mileage log must include a record of: your mileage the dates of your business/work trips the places you drove for business/work, and the business/work purpose for your trips. The IRS also wants to know the total number of miles you drove
Audit Protection Last year, the IRS sent out over 5 million automated audit inquiries. The IRS is attempting to increase revenue collection by closely scrutinizing tax individual tax returns that are most likely to contain errors. And, it defines those types of returns based on the Schedules filed to claim deductions and/or Credits. These targeted
IRS ID Verify… In response to the increasing tax-related identity theft problem, the Internal Revenue Service (IRS) and most state’s Department of Revenue are taking additional measures to review tax returns for signs of fraudulent activity. Your return could potentially be flagged for various reasons or at random. As a result, you could be asked to verify your identity and/or the
Haven’t filed your taxes yet? The IRS filing deadline to submit your 2016 tax returns is Tuesday, April 18, 2017, rather than the traditional April 15 date. Filing an extension will spare you from late filing penalties — 5% of the amount of tax you owe for each month or partial month past the April
Available within 24 hours of IRS accepted tax return As you know, we are only a month or so away from tax season and this year we have several new and exciting features in store for you! For starters, if you are expecting a refund this season and need cash; we have a
First, congratulations on starting your new business! Starting a new business can be an exciting journey. There are many benefits to starting a business like “being your own boss,” having more control over your income and tremendous tax breaks. However, depending on how you form your business you will be subject to certain tax obligations.