- Personal Finance»
- Tax & Taxes»
- Income Tax
Convenient IRS Tax Tips
Did you know that the Internal Revenue Service (IRS) offers a series of Convenient IRS Tax Tips on a daily basis during the tax filing season (January 2 through April 14) dealing with a wide range of helpful topics? Anyone can sign up for these tips through the www.IRS.gov website. Here is the link direct to their website for IRS Tax Tips.
These tax tips provide useful information that can help an individual, as well as a business owner avoid a tax audit. The site issues more than 70 tips on federal taxes. A new email is generated and sent to the “Tip subscribers” on each business day up until the tax filing deadline of April 15th.
The format of the email tips are generally text, however, the IRS is offering several audio files for podcast as well.
Some of the tips showing on the IRS website that will be offered are:
• Choosing a tax preparer
• Where you can get free tax help
• How e-file can make filing easier to get your tax refund
• What tax records to keep
• First time home buyer credit
If you are a taxpayer, and wish to receive the new text-based Tax Tips via email, then you must subscribe through the e-News Subscriptions page on IRS.gov. If you use the link I have included above, than you will be taken directly to the signup page on their website. There are also a couple other lists that you can get through the IRS such as Guidewire (which distributes IRS guidance), and Newswire (which distributes IRS press releases).
It is common knowledge that the IRS has started targeting small business owners in their efforts to collect more taxes because they are far more likely to make errors on their tax returns than the bigger companies that have a staff of CPA’s at their fingertips. The IRS has the goal of pushing taxpayers into compliance with the new tax laws enacted at the end of 2009 as well as attempting to ensure a more uniform standard of conduct by business owners and individuals alike.
This is my second year that I have personally subscribed to the Tip subscription. There are several tips that do not pertain to my circumstances, but a lot of them have come in very handy to help me understand what tax deductions I can claim for my home based business. You just need to read the emails you get, and then delete those that are not pertinent to you or your business. Of course, always check with a professional tax consultant if you have any questions regarding how to interpret any of the tips. You don’t want to misinterpret them and end up getting audited.
Don’t pass up free information that is as convenient as a daily email. We can all use the help to hang on to our hard earned money. Why lose it to taxes if you can avoid it?
I hope “My Tip” about Convenient IRS Tax Tips was helpful. Happy Tax Season!