Boost Your Tax IQ: Avoid Tax Mistakes, E-file Rejections, and Audit Triggers

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File Name:Boost Your Tax IQ: Avoid Tax Mistakes, E-file Rejections, and Audit Triggers
Books Type:Digital Version
Genre / Category:E-BOOKS & AUDIO BOOKS
File Size :40.5MB
Publisher:KitFiles
Updated and Published:June 13, 2022

Boost Your Tax IQ: Avoid Tax Mistakes, E-file Rejections, and Audit Triggers – FREE EBOOKS DOWNLOAD

English | March 9, 2022 | ISBN: N/A | ASIN: B09VB8GS3N | 462 pages | PDF | 40 Mb

Boost understanding of your taxes in a jargon-free approach. Even if you have someone else prepare your returns, you are ultimately responsible for your taxes.

This book is a must-have for taxpayers who want to take advantage of the tax code, avoid tax mistakes and dodge audit triggers. After reading this book, you will feel comfortable and competent filing your taxes for tax year 2021.

By following easy examples and visual, you will quickly learn about the different credits and deductions, how the tax form 1040 calculates your refund or tax liability and how you can take advantage of the tax code going forward.

The book is organized into five sections: 1) Tax Challenges; 2) Frequent Tax Mistakes; 3) E-File Rejections for self-filers; 4) Audit Triggers and how to avoid them; 5) Resources for Taxpayers.

In this book, you’ll learn
How to avoid typical tax mistakes
Why you may want to file tax returns even if you are not required to
How to file for free
Which credit and deductions you can claim
Why e-filing is the best option
What credit do you need to claim missing stimulus payments
How to understand and fix e-file rejections
How to prevent IRS audit triggers
Why should Schedule C filers be cautious?
How to read IRS letters
<ul class=”a-unordered-list a-vertical”>
What is the fastest way to receive a refund
How to check whether you can avoid the 10% penalty on withdrawal from a retirement plan
How long do you have to file to claim a refund
Why you should worry if you claim losses 3 years in a row?
Whether your assistant is an independent contractor or an employee
Why you should be cautious claiming 100% business use of one car
Why refundable credits are most valuable benefits
By the end of the book, you’ll discover:<ul class=”a-unordered-list a-vertical”>
Why are taxes so hard for most people
You don’t need to pay a lot of money to file your taxes
What are the most reliable and easy to understand sources for tax information
You are more than able to understand your tax returns and tax forms
That taxes can be explained in plain English without the jargon
Don’t wait until April comes. Start learning now. Get yourself ahead of the crowd by taking charge of your financial future.

Gain confidence that you know your taxes when you sign your tax returns. It is not just about the knowledge… it’s about taking advantage of the tax code and making most of your money.

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