What is a Federal Tax Lein?

At GI Tax we understand that many people are nervous to prepare their own taxes. There are many confusing terms and rules you must follow, and we understand the confusion. One of these terms that makes most equal parts confused and terrified is the Federal Tax Lein. Have no fear, GI Tax is here to explain to you this term and what it means for you.

Why Are You Being Audited?

The most terrifying thing you can receive after you’ve submitted your taxes is a letter from the IRS informing you that your taxes are being audited. While there is nothing inherently bad about being audited, it still can strike fear in the hearts of even the most stoic tax-payers. Audits are simply the IRS checking your numbers as they are very invested in ensuring that people aren’t cheating on their taxes.

Take the Pain out of Tax Season: Tips to Make Tax Preparation Easier

While it is a little early for most people to be thinking about tax season, here at GI Tax we think about taxes all year long. We firmly believe it’s never too early for you to start preparing your taxes to make your life easier around April. Here are a few tips we can give you to help take the confusion and pain out of tax season:

Organize your documents – Even if it’s just one file you keep all the receipts in to sort out later, the practice of keeping all your documents in one place will ensure you’re not tearing your hair out trying to figure out where you put everything.

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