River Valley Tax Solutions

Missed deadline to file Income Tax Return? Here's what you need to do

What should you do if you have missed the deadline to file your Income Tax Return? Read on to find out.

Here’s why your tax return may be flagged by the IRS

There are several reasons why your tax return may get flagged or audited by the IRS. Here’s how to avoid IRS scrutiny and processing delays.

Income Tax Withholding Assistant for Employers

The Income Tax Withholding Assistant is a spreadsheet that will help small employers calculate the amount of federal income tax to withhold from their employees’ wages. It will help you as you transition to the new Form W-4 for 2020 and later.

Oops, Did You Forget Something on a Tax Return?

If you have already filed your tax return and overlooked an item of income or forgot to claim a deduction or credit, it is not too late! An amended return can be filed to correct an already filed tax return. Failing to report an item of income will most certainly generate an IRS inquiry, which typically happens a year or more after the original return was filed and after the interest and penalties have built up. Therefore, it is best to file an…

Tax Deductions You Won't Believe

Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.

5 Tax Tips for Millennials

Winging it on your taxes? You could be missing out on significant savings or worse yet, be endangering your finances and freedom by not knowing the basics.

Local Tax Preparer Taking Measures to Ensure Accuracy

WESLACO – A local tax preparer says he’s concerned over residents who abuse the Internal Revenue Service system.

5 signs you've got a lousy tax preparer

Taxes are hard enough without having to deal with a lousy — or worse, unethical — tax preparer that could set you up for an unpleasant audit down the line.

Do You Pass Inspection as a Tax Return Preparer?

The IRS has specific criteria for qualified tax return preparers.

How Long Does The IRS Have To Audit Your Tax Return?

Just Now Finding Out Your Tax Return Was Stolen?

Now that U.S. taxpayers can take advantage of innovations like online tax return filing and DIY tax prep software, more consumers than ever before are waiting until the last minute to file. It’s easier to procrastinate when consumers submit an electronic return versus filing lengthy paper forms. Identity thieves and scammers have long relied on filing fraudulent tax returns to …

3 Steps to Avoid an IRS Audit of Your Tax Return

If you don't outsource your tax preparation--your time is limited, after all--here's how to audit-proof your return.

Tax Return? Treat Yourself.

We are getting calls from taxpayers who filed their tax return from home.

Many are receiving IRS 4883C Letters to verify their identity and when they try to call the IRS, they cannot get through.<br>We received your federal income tax return, but we need more information to verify your identity in order to process your tax return accurately. The contact information below

Many tax preparers 'incompetent,' group warns

The consequences of a bad tax return are much more serious than a bad haircut. So why does every state regulate hair dressers but only four regulate tax preparers?

What documents should I take to the tax preparer?

How can you save money when employing a CPA or other tax pro?

Did You Overlook Something on a Prior Tax Return?

It is not uncommon to discover that an item of income was overlooked, a deduction was not claimed, or that an amended tax document was received after the tax return was already filed. Regardless of whether the oversight will result in more tax due or a refund, it should not be dismissed.

Stupid Tax Return Mistakes That Will Get You Audited

Even if you're using tax preparation software or a service, you may find yourself caught in an audit if you commit any of these costly mistakes.

have you filed your tax return yet?

Millions of Americans still haven't sent the IRS their returns, so if you're among them, heed these tips

What will new tax codes do to your tax return?