Why Getting a Tax Refund Means You Need to do This [VIDEO]
It’s exciting to get a tax refund. And a lot of us get them. Last year, the IRS issued 109 million tax refunds, with the average amount being $2,797.
But what if getting a refund actually signaled something bad? Unfortunately, for many taxpayers, getting a refund could mean that you are allowing the government to hold your money, interest-free over the course of the year. We talk about how to make sure you are having the right amount withheld from each paycheck, instead of overpaying.
Learn about the consequences you can face if you lie on your tax return. Get the facts from the tax experts at H&R Block.
The IRS will usually audit a tax return within three years after the return was filed. Learn more about IRS audit procedures from the experts at H&R Block.
If you did not have health care coverage, you may need to calculate your shared responsibility payment when filing your return. Learn more from H&R Block.
If you haven't filed tax returns in awhile, there are things you need to know. Learn how to address back tax returns and what you can expect when you file.