Taxation Tips

Key strategies for managing your taxes, ensuring compliance and maximizing your financial benefits.

taxation-tips
  • Don’t forget to file your taxes in a timely manner! Find the deadlines early. If you have a balance due and you do not file and pay your taxes on time, you will face added penalties and fees on any tax liability that you owe.
  • If your employer mailed you an incorrect tax form, diligently reach out to them and or the IRS in order to rectify any incorrect information. Filing a tax return using different information than what is reported on your tax form may lead to increased processing time, penalties, and a potential audit examination. Avoid this by requesting a corrected tax form from your employer or reach out to the IRS.
  • If you are due a refund, failure to file your Federal tax return within three years of the date in which it was due will result in the loss of that refund forever