According to IRS, they’ve hired some more agents so they can come get’cha. IRS Newsroom publication IR-2020-34 published February 19, 2020 says this: “Following the recent and ongoing hiring of additional enforcement personnel, IRS revenue officers across the country will increase face-to-face visits with high-income taxpayers who haven’t filed tax returns in 2018 or previous […]
An Income Tax Preparers’ Secret Loves
I’m sitting here working on my clients taxes and thinking… There are a few things I LOVE to see and hear from my clients. I decided to share a few of them with you. I LOVE to see Form 1099-INT (Interest Income) that is independent from your to do with a home mortgage escrow account. […]
Where’s My Adjusted Gross Income? AGI?
Sometimes, when completing forms such as those for financial assistance, you’ll be asked to provide your Adjusted Gross Income, also called your AGI. Adjusted Gross Income is defined as gross income minus adjustments to income. Where you’ll find it on your income tax forms depends on which form you filed. Here’s where you should look […]