internal revenue service Archives | Crabb Tax Services https://crabbtaxservices.com Experience, Integrity & Personal Service Mon, 04 Nov 2019 23:12:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.2 Crabb Tax Services Newsletter (October 2019) https://crabbtaxservices.com/crabb-tax-services-newsletter-october-2019/ https://crabbtaxservices.com/crabb-tax-services-newsletter-october-2019/#respond Mon, 04 Nov 2019 06:27:22 +0000 https://crabbtaxservices.com/?p=2581 TOPICS IN THIS ISSUE: Stretch Your Retirement Savings With Multi-Year Planning IRS Audit Period is 3 Years, 6 Years Or Forever: How To Cut Your Risk Be Like A Bank. Test Yourself To See How Your Finances Would Hold Up

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]]> https://crabbtaxservices.com/crabb-tax-services-newsletter-october-2019/feed/ 0 4 Strategies to Cut Your Taxes in Retirement https://crabbtaxservices.com/4-strategies-to-cut-your-taxes-in-retirement/ https://crabbtaxservices.com/4-strategies-to-cut-your-taxes-in-retirement/#respond Mon, 21 Oct 2019 15:31:35 +0000 https://crabbtaxservices.com/?p=2557 To help reduce your tax burden once you retire, and free up more money for expenses and fun, give income planning a try. Here are four ways to adjust your income and get a better grip on your tax bill.

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]]> https://crabbtaxservices.com/4-strategies-to-cut-your-taxes-in-retirement/feed/ 0 IRS Announces New Payment Option for Some Delinquent Taxpayers https://crabbtaxservices.com/irs-announces-new-payment-option-for-some-delinquent-taxpayers/ https://crabbtaxservices.com/irs-announces-new-payment-option-for-some-delinquent-taxpayers/#comments Sat, 19 Oct 2019 15:14:06 +0000 https://crabbtaxservices.com/?p=2549 The Internal Revenue Service (IRS) has announced that a new payment option has been added to the private debt collection program. The payment option is intended to make it easier for those who owe to pay their tax debts, although some practitioners, like me, fear that it could lead to abuse.

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]]> https://crabbtaxservices.com/irs-announces-new-payment-option-for-some-delinquent-taxpayers/feed/ 1 IRS Audit Period Is 3 Years, 6 Years Or Forever: How To Cut Your Risk https://crabbtaxservices.com/irs-audit-period-is-3-years-6-years-or-forever-how-to-cut-your-risk/ https://crabbtaxservices.com/irs-audit-period-is-3-years-6-years-or-forever-how-to-cut-your-risk/#comments Wed, 09 Oct 2019 14:12:18 +0000 https://crabbtaxservices.com/?p=2533 It is only natural to worry about an IRS audit, and the duration of audit periods can be downright frightening. Tax lawyers and accountants are used to monitoring the duration of their clients’ audit exposure, and so should you.

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]]> https://crabbtaxservices.com/irs-audit-period-is-3-years-6-years-or-forever-how-to-cut-your-risk/feed/ 1 Crabb Tax Services Newsletter (September 2019) https://crabbtaxservices.com/crabb-tax-services-newsletter-september-2019/ https://crabbtaxservices.com/crabb-tax-services-newsletter-september-2019/#respond Wed, 02 Oct 2019 02:00:34 +0000 https://crabbtaxservices.com/?p=2517 TOPICS IN THIS ISSUE: Benefits Of Starting Your Tax Planning Early In the Year What To Do If You’re Audited By the IRS 13 Advantages Of Keeping Personal And Business Bank Accounts Separate Ins And Outs of Settling With the

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]]> https://crabbtaxservices.com/crabb-tax-services-newsletter-september-2019/feed/ 0 13 Advantages Of Keeping Personal And Business Bank Accounts Separate https://crabbtaxservices.com/13-advantages-of-keeping-personal-and-business-bank-accounts-separate/ https://crabbtaxservices.com/13-advantages-of-keeping-personal-and-business-bank-accounts-separate/#comments Sun, 15 Sep 2019 22:11:48 +0000 https://crabbtaxservices.com/?p=2487 Mixing one's funds with the proceeds of a business is a tempting prospect. For many solopreneurs, commingling allows them to have a much simpler time when banking. However, situations may arise where mixing business funds with personal funds can lead to a complicated mess. While the actual business of banking is easier, things like account-keeping, tax reporting and separating business expenses from private earnings become a nightmare.

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]]> https://crabbtaxservices.com/13-advantages-of-keeping-personal-and-business-bank-accounts-separate/feed/ 1 What to Do If You’re Audited by the IRS https://crabbtaxservices.com/what-to-do-if-youre-audited-by-the-irs/ https://crabbtaxservices.com/what-to-do-if-youre-audited-by-the-irs/#comments Tue, 10 Sep 2019 16:14:15 +0000 https://crabbtaxservices.com/?p=2479 “Gasp!” That might be your first reaction to seeing an envelope with an eagle on the upper left corner and the dreaded words next to it: Internal Revenue Service. But fear is not an emotion that should flow through your body. Why not? Well, if you’ve accurately recorded what properly belongs on your tax return, you have nothing to fear from the IRS if they contact you about an audit.

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]]> https://crabbtaxservices.com/what-to-do-if-youre-audited-by-the-irs/feed/ 1 Top Ten Money Mistakes People With Modest Incomes Make https://crabbtaxservices.com/top-ten-money-mistakes-people-with-modest-incomes-make/ https://crabbtaxservices.com/top-ten-money-mistakes-people-with-modest-incomes-make/#respond Fri, 16 Aug 2019 18:34:11 +0000 https://crabbtaxservices.com/?p=2442 Don’t think you can retire on modest money? You don’t have to stare down a life sentence of work, you just need to avoid some all too common mistakes.

Reading articles and blog posts online you may be tempted to believe that the biggest scourge threatening your financial goals are subscription boxes, latte consumption, and envy of the Joneses. Having worked within personal finance with people with modest incomes for nearly 20 years, I have learned that there are even more significant threats looking to sabotage your goals.

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]]> https://crabbtaxservices.com/top-ten-money-mistakes-people-with-modest-incomes-make/feed/ 0 Tax Withholding Estimator https://crabbtaxservices.com/tax-withholding-estimator/ https://crabbtaxservices.com/tax-withholding-estimator/#respond Thu, 08 Aug 2019 22:13:49 +0000 https://crabbtaxservices.com/?p=2423 Use the Tax Withholding Estimator to perform a quick “paycheck checkup.” This is even more important following the recent changes to the tax law for 2018 and beyond.

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]]> https://crabbtaxservices.com/tax-withholding-estimator/feed/ 0 This Crazy Map Shows You How Complicated The Tax Code Has Become — And It Will Make You Weep https://crabbtaxservices.com/this-crazy-map-shows-you-how-complicated-the-tax-code-has-become-and-it-will-make-you-weep/ https://crabbtaxservices.com/this-crazy-map-shows-you-how-complicated-the-tax-code-has-become-and-it-will-make-you-weep/#respond Tue, 23 Jul 2019 19:22:32 +0000 https://crabbtaxservices.com/?p=2410 The National Taxpayer Advocate released the convoluted map to draw attention to a frustrating system By ANDREW KESHNER Got a problem with your taxes? Get ready for a long and winding road. A new “roadmap” charts the labyrinth inside the

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