Best PersonalTaxPrep.com tax tip this year: Know your rights. Fifteen years ago, the IRS has created the Taxpayer Bill of Rights (TBOR).  Since then, congress codified it as part of the tax code.  That means the Taxpayer Bill of Rights is law and it applies to all U.S. taxpayers anytime they must deal with the…

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File Free at IRS Free File If you just want to get your 2019 personal tax return filed, the IRS wants to make it easier to do.  At IRS free file if you earn less than $69,000 in 2019, you can log onto IRS.gov to choose your free file product.  You can find both federal…

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Planning to figure your taxes after the new year?  Why wait?  In the first of a series of tax filing reminders, the IRS urges individual taxpayers to use the Tax Withholding Estimator to find out whether more should be withheld or worse, how much will be due when the tax return is filed. If you…

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By the end of 2019, 2 million ITINs will to expire.  If you, or someone you know were unable to get a social security number, and needed to get an ITIN instead, you may need to renew it to avoid a delayed refund.  Any ITIN with the middle digits 83,84,85,86,87 will expire as of December…

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Today, with so many millennials freelancing on the side while working a salaried job, the IRS wanted to reduce the risk of sticker shock when taxes are due on the W-2 income as well as the additional self-employment income.  To solve this challenge, the Internal Revenue Service issued the new Tax Withholding Estimator tool.  To…

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