The IRS is reminding Americans that a tax deduction will help Americans deduct up to $600 in donations to qualifying charities on their 2021 tax return.
Taxpayers dealing withthe IRS have the right to finalitywhengoing through an audit. Taxpayers have the right to know when the IRS has completed the audit. This is one of the ten basic rights owed to taxpayers, collectively known as the Taxpayer Bill of Rights.Here’s what these taxpayers need to know:
Our latest episode of our podcast, Talkin’ Tax, went in depth of the difference between Liens and Levies.
A lien is a legal claim against a Taxpayer’s property to secure payment of the tax debt. Meanwhile, a levy is a legal seizure of a Taxpayer’s property to satisfy a tax debt. If you want to learn more about the difference, check out our Lien vs. Levy podcast episode at https://fb.watch/7vBm9_4-P0/