Attorney Joe Stanley from The Stanley Law Offices stopped by with tax tips, just weeks before the filing deadline.
-Start record keeping on January 1 every year
-Keep track of all your finances: this will help your tax preparer
-Save 7 years of returns
-Long-term, scan and save all your returns to create a permanent database
-Remember you still will owe Social Security withholding and Income Tax at the end of the year!
-The IRS can look at 7 years of returns
-Even if you tax preparer is at fault, anything owed is still your responsibility. Legal action could be possible against the preparer, depending on the circumstances.
-Be patient with the IRS. Resolving an audit can take some time.Legal Questions? Contact the Stanley Law Offices toll-free at 1-800-608-3333 or visit their website by clicking here