Archive for the ‘Taxes – Individuals’ Category

Here’s a simple but excellent article about the IRS Statute of Limitations for various situations, starting with the basic rule that the IRS has 3 years after you file to audit you, and going on to more complex situations:

http://www.forbes.com/sites/robertwood/2015/03/30/scariest-tax-errors-they-extend-irs-audits-to-six-years-or-endlessly/

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This year I’ve helped many people who for various reasons didn’t file their 2013 returns – sometimes out of fear, confusion, lack of time, disorganized records or not having the money to pay the bill.  It’s important to make sure you file even if you don’t have the money.  The article below did a fine job of explaining why it’s important to avoid the “failure to file” penalty, which is often much worse than the failure to pay penalty.

Click below to read the full article from Yahoo! Finance:

http://finance.yahoo.com/news/what-happens-if-I-don-t-pay-file-my-taxes–150649485.html

Welcome to the launch of KingdomRock Financial’s web site and blog!

Please check out the site and let me know if I can be of service.

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Take care & all the best to you and your family in 2013!