5 Tax-Saving Tips For Tax Service

5 Tax-Saving Tips For Tax Service
For Deployed Service Members:
Many soldiers are aware that combat pay isn't tax deductible. This can save them thousands of
dollars, and is already being reflected upon tax documents.
For Members Of The Reserve National Guard:
When your Guard or Reserve tasks are over 100 miles from your home, you might be able to claim
reimbursement for unreimbursed travel expenses.
Create An Online Tax Account With The IRS:
Set up an account for tax online at the IRS is a fantastic method to access your tax forms without
having to call the IRS by telephone or by mail. The feature allows you to login to your account,
review balances on your payments and set up payment arrangements and access tax returns for
prior years and tax forms for tax reporting.
Do Not Ignore The IRS:
Taxpayers who do not file their tax returns or pay taxes or who file, but fail to pay their taxes in time
risk serious penalties. The IRS Tax Service may seize assets if it is necessary.
If you find that the IRS has been sending you letters to inform you that they discovered an error in
your tax return or says you owe tax back write a response -- but don't put off responding.
For Sellers Of Homes:
Taxpayers who are selling their homes could not be required to pay capital gains tax when they've
resided in the house at least two times in the 5 years preceding the sale. Members of the military
may be exempt from this tax if they receive orders that for them to relocate -but the rules are often
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