Welcome to the TaxAudit Blog
Check back often to keep up-to-date on tax issues that may affect your life.

Tax Preparation & Planning
Money being handed over
While increasing allowances leaves you with more available funds throughout the year, this will have a rippling effect and your end of the year tax refund will decrease. Taking less allowances, though unpleasant, will ensure that you are “paying as you go”; and if you end of paying too much, the surplus will be credited to you via your tax refund.
Tax Audits & Letters
Internal Revenue Service sign next to traffic light
Returns are being processed, and refunds are being issued. Things seem back to normal. However, lurking just under the hood are the signs of a severely stressed system that will need much more than a good flux capacitor to fix it.
 
Homes & Rental Property
Woman at desk with head down on tax forms, holding a pencil and calculator.
Below is a list of misconceptions and examples of misinformation taxpayers may encounter during the upcoming tax season.
Tax Legislation & Updates
Victory
Here is a list of some of the taxpayers who will generally benefit from the new tax law.
Tax Legislation & Updates
tablet with tax words displayed on it
Many taxpayers will be surprised that they owe more than usual this year. In addition, many more people will likely owe extra money as a result of inadequate withholding because the new withholding tables were not accurate.
Tax Legislation & Updates
Tax forms and a calculator that says Tax Help?
TCJA (The Tax Cuts and Jobs Act). Not since the Tax Reform Act of 1986,  has there been a more sweeping reform of the tax code. At least six new schedules have been added to Form 1040 to accommodate the information that was left on the cutting room floor when the form was reduced in size.
This blog does not provide legal, financial, accounting, or tax advice. The content on this blog is “as is” and carries no warranties. TaxAudit does not warrant or guarantee the accuracy, reliability, and completeness of the content of this blog. Content may become out of date as tax laws change. TaxAudit may, but has no obligation to monitor or respond to comments.