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How To Use The Irs Website To Your Advantage During The Tax Season?
For individual taxpayers, filing taxes might be a small part of their day to day life. But for businesses, it can be total chaos. There are many things that a business needs to keep in mind while filing taxes and the added hassle of changing tax laws can make it more difficult for businesses to cope with taxes.
If you're aware of the facilities provided by the official website of the IRS, you'll be able to ease your tax filing life. During tax season, when criminals and hackers are looking to steal your data, the IRS website can act as a guide and trusted source of information.
Here, we will talk about how to use the IRS website before, during, or after the tax season to help make your accounting firm's tax filing journey easier.
Get updated with the changes in tax law
With thousands of websites out there promising to have the latest and greatest information regarding tax changes, it can be hard to know who to trust. Tax laws are always changing, which makes it tough to keep up with all the updates. Luckily, in situations like these, you can use the IRS website as your go-to source for accurate tax information ...
... for every year.
Download federal tax forms
The IRS website is a great resource for federal tax forms and publications. There are more than 100 IRS publications available for download, so you're sure to find the forms you need during tax season. Having a centralized location for all of your forms makes the tax filing process much easier.
Check charity tax exempt status
IRS EO Select Check is a useful tool for taxpayers who want to know if their chosen charity is qualified to receive tax-deductible donations. To use the tool, visit the IRS website and enter the name of the charity. The tool will provide information on the charity's tax-exempt status and whether it meets other standards for tax-deductible donations. You can also track the status from QuickBooks premier hosting accounting software.
Get hold of your tax records
There are many businesses that need their tax records for analysis or other purposes. Rather than relying on unreliable resources, you can get your tax records directly from the IRS website.
Check the status of your refund
The refund status is an important part of tax filing, and the best way to check the status of your refund is through the IRS website. On the homepage, you'll find a button labeled "Get Your Refund Status." Clicking this button will bring you to the page where you can enter your information and check on the status of your refund.
Get copies of your tax filing receipt
If you're filing taxes, it's important to get a copy of your tax filing receipt. The easiest way to get a copy of your tax transcript is to use the Get Transcript tool from the IRS. With this tool, you can get a copy of your receipt within days from when the IRS receives your online request.
Pay directly using IRS direct pay
If you're looking for a safe, easy, and free way to pay your taxes directly from your savings or checking account, the IRS Direct Pay system is one of the best options available. Although there are a variety of different ways to pay taxes, Direct Pay is advantageous because it's free of charge. When you use this method to pay taxes, you can rest assured knowing that the process is safe and easy. So, if you want to avoid any hassle when it comes to paying your taxes, choosing IRS Direct Pay is a great solution.
Get answer to your questions
With tax season comes a lot of different types of questions because filing taxes is not an easy task. You can always consult your tax expert to get more information about taxes, but you can also use the Interactive Tax Assistant provided by the IRS. The Assistant covers most topics related to taxes and it's easy to use - you just need to type in your question and hit the search bar. You will then get a step-by-step guide to your answer. This interactive feature is very helpful during the tax season, so make sure to take advantage of it!
Criminals and hackers tend to be more active during tax season. However, you can stay one step ahead of them by checking the "Dirty Dozen" list of scams issued by the IRS each year. This list includes all the different types of scams that criminals are likely to use in the current year, so by staying up-to-date on it, you can avoid becoming a victim.
By utilizing tools like QuickBooks premier cloud hosting which are all great tax software solutions - and by taking advantage of the cloud platform, businesses can make their tax life much easier. These tools provide an easy way for businesses to file their taxes, and they can help to keep business data safe from criminals.
The IRS can act as your trusted source and guide during the hectic tax season.
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