How To Deal With Identity Theft When Filing Your Annual Tax Return (IP PIN, Mail Form 15227, Etc.)
If you are a victim or suspected to be a victim of Identity Theft, you can request an Identity Protection PIN (IP PIN) from the IRS. This is a unique six digit PIN that the IRS assigns to you to enter in your Federal Individual Tax Return to confirm your identity. This number reduces the […]
How Many Years of Tax Records Should I Keep?
First…Why Keep Records Of Previous Tax Records? It is important to keep copies of filed tax returns and tax documents. These records help in preparing future tax returns and amending prior returns. Generally, you must keep tax records until the period of limitations for that tax return runs out. The period of limitations is the […]
How Much Should You Withhold From Your Wages
This question often goes ignored when it comes to filing your yearly tax return. Our tax professionals outline your steps here. Choosing how much to withhold from your wages is a key decision all taxpayers face. Often, we find people ignore this choice and set themselves up for headaches in the future. Market Tax Services […]