North Carolina Tax Blog

Common Tax Prep Mistakes for 2020 Filing

March 8, 2021

As the tax filing deadline quickly approaches, each tax return preparer should take note of the following mistakes commonly found in this year’s tax preparation. Mistake #1: Stimulus Checks Many tax return preparers list the income received from government stimulus checks as ordinary income. These stimulus checks are NOT taxable income and do not need…

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5 Tips to Prepare for Tax Filing Season

January 29, 2021

Now is the time to start reviewing your financials and getting your affairs in order to prepare for tax filing season. There has been a learning curve with the Tax Cuts and Jobs Act of 2017 for many tax preparers and filers alike. The IRS is now accepting 2019 tax returns with a filing deadline…

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End of Year Tax Preparation Tips

December 9, 2020

As we finish up Q4 of an extremely unusual year, it is time to ensure your documents are organized and ready for tax preparation. We often advise our clients that tax preparation is a full-time, year-round endeavor in collecting and organizing records, receipts and other important documentation. The tax preparation professionals at Murray Moyer, PLLC…

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IRS Targeting Taxpayers Who Failed to File Tax Returns

November 12, 2020

For those who failed to file tax returns, the IRS may be reaching out to you soon. Due to new and improved technology and processes, the IRS is actively focusing on taxpayers who have not filed their return(s). This is an increased effort by the IRS to compel compliance and enforce tax laws. The ultimate…

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Tax Audit Help – Preparation is Key

October 8, 2020

The best way to resolve a tax audit is to be prepared. Preparation is key for both IRS and North Carolina Department of Revenue tax audits. All items under audit must be substantiated and proven in a clear and concise manner. Do not attempt to go at this alone – hiring the right tax audit help…

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IRS Audit Help – What to Expect from an Audit

September 9, 2020

A NC tax attorney discusses what to expect from an IRS audit. Getting IRS audit help early in the process is key.

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IRS Tax Liens and Levies: Part 2

August 10, 2020

In depth look at the various types of IRS tax levies and how to avoid having your property seized by the government.

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IRS Tax Liens and Levies: Part 1

July 14, 2020

IRS Tax Liens  In this two-part series, we are going to take a closer look at IRS tax liens and levies. Let’s start by differentiating between an IRS tax lien and a local property tax lien. Property owners must pay property taxes to their local government to generate money for schools and public services. When…

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Top 8 Tax Audit Triggers – Catching the Attention of the IRS

June 11, 2020

What is a tax audit? And what triggers it? Let’s look into what may trigger the IRS to audit your tax return. The IRS and state tax authorities like the North Carolina Department of Revenue have authority under the law to examine your income tax return as well as any supporting documentation or other relevant…

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What Happens If I Do Not File/Pay Taxes?

May 1, 2020

Have you ever wondered what happens if you do not file your income taxes? Let’s take a look at the consequences.

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