How far can the IRS go back for unfiled tax returns?
six years The IRS can go back to any unfiled year and assess a tax deficiency, along with penalties. However, in practice, the IRS rarely goes past the pa...
Category: General
What is the impact of going to church?
Research shows that people who regularly attend church report stronger social support networks and less depression. They smoke less and lead healthier and...
How long are Kansas State tax refunds taking?
How do I check on my current year individual income tax refund? Normal processing time for a paper return is 16 weeks. You may check on the status of your...
Can contractors claim mileage?
Yes, you can deduct the mileage. As an independent contractor (received a 1099-MISC) you are considered self employed by the IRS. You can deduct the miles...
How can I check my 2018 tax return?
It’s available on IRS.gov and through the IRS mobile app, IRS2Go. E-filers can use “Where’s My Refund?” to check the status of a return within 24 hours af...
Do I send a 1099 to a florist?
The recipient of a 1099-MISC may include the local florist, a guest speaker for a service (or multiple services), a guest artist giving a concert at the c...
How do you qualify for day trader tax status?
The IRS has laid out general guidelines in Publication 550 regarding the requirements for trader status. To qualify as a trader, you must at the very leas...
Why would I be getting a letter from Michigan Department of Treasury?
We will send a letter/notice if: You are due a larger or smaller refund. We have a question about your tax return. We need to verify your identity. We nee...
What time of day should you sell stocks?
The whole period between 9:30 AM and 10:30 AM ET is often the best time of day to trade stocks. What time can you start selling stock? U.S. securities mar...
Where do I report lease payments on a 1099?
Yes, per the IRS, Box 1 of a 1099 MISC form should include payments made for the rental of equipment. Is subletting taxable income? Yes, you should declar...
