Tax Related Records

The chances of IRS audit are down but you should still be prepared

2018 Tax Return, AGI (Adjustable Gross Income), Bookkeeping, Charitable, Documentation, Doucment Retention, Internal Revenue Service / Douglas Freeman

The IRS just released its audit statistics for the 2018 fiscal year, and fewer taxpayers had their returns examined as compared with prior years. However, even though a small percentage of tax returns are being chosen for audit these days, that will be little consolation if yours is one of them. Latest statistics. Overall, just […]

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Three questions you may have after you file your return

2018 Tax Return, Investment, Retirement, Statue of Limitations, Tax Record Retention / Douglas Freeman

Once your 2018 tax return has been successfully filed with the IRS, you may still have some questions. Here are brief answers to three questions that we’re frequently asked at this time of year. Question #1: What tax records can I throw away now? At a minimum, keep tax records related to your return for

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