Archive

Yes, if you move, you need to notify the IRS of your new address. The IRS needs to change their records so that any tax refunds due to you or any other IRS communications will reach you in a timely manner. If you filed a joint return, you should provide the same information and signatures […]

It depends on the type of mistake that you made: Many mathematical errors are caught in the processing of the tax return itself so you may not need to correct these mistakes. If you did not attach a required schedule, the IRS will contact you and ask for the missing information. If you did not […]

You must make estimated tax payments for the current tax year if both of the following apply: You expect to owe at least $1,000 in tax for the current tax year, after subtracting your withholding and credits. You expect your withholding and credits to be less than the smaller of: 90% of the tax to […]

At least three years, but six years is recommended. The statute of limitation gives the IRS three years after you file a tax return to audit you. However, the IRS can audit you for up to six years if it suspects that you underreported your income by 25% or more. If the IRS suspects fraud, […]

Individuals, Partnerships, Trusts and LLCs filing as partnerships The return is due on the 15th day of the 4th month after the end of the tax year. For calendar year tax payers this is April 15th. Corporations and LLCs filing as associations The return is due on the 15th day of the 3th month after […]