Tag Archives: IRS

Battling the IRS

There was once a song about battling the law and losing. Fortunately, battling the IRS is possible and sometimes inevitable. Battling the IRS There comes a time when many Americans must take action against the IRS. The IRS can come … Continue reading

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5 good reasons to e-file your tax return.

If you haven’t tried IRS e-file before, now is the time. Most taxpayers – more than 80 percent – file electronically. The IRS has processed more than 1 billion individual tax returns safely and securely since the nationwide debut of … Continue reading

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Eight tips for deductible charitable contributions

Donations made to qualified organizations may help reduce the amount of tax you pay. The IRS has eight essential tips to help ensure your contributions pay off on your tax return. 1. If your goal is a legitimate tax deduction, … Continue reading

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Are you thinking about starting a business??

In this economy many people are realizing the benefits of being your own boss.  I can attest to the fact that owning your own business is awesome, no worries of getting laid off, the flexibility to get your work done … Continue reading

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Are you thinking about hiring an employee??

 How do you determine if a person is an employee or an independent contractor? The determination is complex, but is based on whether the person for whom the services are performed has the right to control how the person performs … Continue reading

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Ten Tax Tips for Individuals Selling Their Home

The Internal Revenue Service has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all … Continue reading

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Back-to-School Tips for Students and Parents Paying College Expenses

Whether you’re a recent graduate going to college for the first time or a returning student, it will soon be time to get to campus – and payment deadlines for tuition and other fees are not far behind. The Internal … Continue reading

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How to Prepare Before a Disaster Strikes

Timely advice on recordkeeping and disaster.  I hope no one needs this info!!!! A home disaster can be stressful enough without reconstructing important records and accounting for belongings. The Internal Revenue Service encourages taxpayers to safeguard their financial and tax … Continue reading

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10 Facts from the IRS about Amending Your Tax Return

If you discover an error after you file your tax return, you can correct it by amending your return.  Here are ten facts from the Internal Revenue Service about amending your federal tax return: 1.  When to amend a return … Continue reading

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Keep Good Records Now to Reduce Tax-Time Stress

This is the number one thing you can do to limit your IRS Audit Risk.  Email me with any questions, kevin.murray@murraytaxservices.com You may not be thinking about your tax return right now, but summer is a great time to start planning … Continue reading

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