Taxes are due on April fifteenth, but this does not mean that you are completely finished with taxes. Once you are done with your taxes and you send them in, you should not completely forget about them and throw everything away.

You should keep the important records as proof of what you earned in case the IRS decides to question you. The general rule is that you should keep these records for three years because the IRS will typically question only up to three years ago.

However, some records are more important than others. Papers detailing a home purchase or sale, stock transactions, IRAs and business or rental properties should be kept longer than the other types of records.

It is also important to keep the copies of tax returns that have been filed and the tax forms packages. This written documentation can protect you from having to pay more than you need to and getting the return that you should be receiving.

You can watch whether or not your refund in being processed by going online to check the status of the 2009 refund. This will be posted 72 hours after the IRS examines your return if you e-filed, or three to four weeks after you mail in a paper return.

To access the status of your files you will need to know your filing status, the first Social Security number used on the return, and your refund total. You can also call several hot-line numbers to talk with an employee about your refund status.

If you move after you send in the files with the old address, you should fill out an 8822 form concerning your new address whether or not you are concerned about getting your full refund. You will also need to file a change of address at the U.S. Post Office or your refund will become misdirected.

Occasionally you may review your copy of your filed tax forms and realize to your horror that you made an error. To fix the error you should file a Form 1040X Amended U.S. Individual Income Tax Return.

Errors will probably delay your tax refund, but you Cialis may avoid getting in trouble with the IRS if you fix your error. However, do not panic if you receive a notice instead of a refund in your mailbox from the IRS.

Although it may not be a normal thing for you, which is a good thing, receiving a notice from the IRS is a pretty common occurrence. Millions of letters and notices are received by millions of taxpayers yearly.

These notices deal with thousands of different topics including tax payment requests, notification Tadalis SX of a change to your account, proof requests, or other information requests. Whichever type of letter you receive should have instructions with it on how to resolve the issue.

If the notice is simply a correction notice, compare it with your copy of the original filed forms. If you agree with the correction, then nothing usually needs to be done unless you owe more money or the notice instructs you to perform another action.

However, if you do not agree with the correction you will need to respond how you are instructed. Write out a detailed explanation of why you disagree and include documents that will support your claim if you can.

It is likely that the IRS will take more what is cialis professional than 30 days to review the information and reached a decision. If you have additional questions that the IRS notice cannot or does not answer, visit their website or call the phone number provided on the notice.

When you call make sure that you have the necessary information on hand so that you can answer questions and remember to ask all of the questions that you have regarding your taxes. Occasionally it is not possible for some citizens to pay the full amount on time.

Despite this fact, taxes should still be filed. As long as your taxes are filed an arrangement can be worked out with the IRS that will allow you pay your tax more on your timeline.

A few ways the IRS may grant leniency includes additional time to pay, installment agreement, and paying through Credit Card or Debit Card. Typical extension periods include an extension of 30 to 120 days.

Payments made through Credit Card or Debit Card are often have a processing fee charged with them, but they are much more convenient to pay with.

Author Bio: Jack R. Landry has worked since 1988 as a tax attorney. He has written hundreds of articles about finding a irs tax lien.

Contact Info:
Jack R. Landry
JackRLandry@gmail.com
http://www.TaxCrisisInstitute.com

Category: Finance/Taxes
Keywords: irs tax lien