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Key Tips For Navigating Your 2023 Tax Return Smoothly

The IRS has some important reminders for taxpayers who haven’t filed yet. The deadline for most taxpayers to file and pay their 2023 federal tax is April 15, 2024.


Taxpayers should file the 2023 tax return after they receive all their proper tax documents, or they risk making a mistake that could cause delays.

Prepare to file

  • Review income documents carefully. If any of the information is inaccurate or missing, taxpayers should contact the payer right away for a correction or to ensure they have the taxpayer’s current mailing or email address.

  • Organize tax records so they can easily prepare a complete and accurate tax return.

  • Check eligibility for deductions or credits. Taxpayers should understand which credits and deductions make sense for their tax situation and which records they need to show their eligibility.

  • Create an IRS Online Account to securely access information about their federal tax account, including payments, tax records and more.

  • Renew their Individual Taxpayer Identification Number or ITIN it if it's expired and is needed on a U.S. federal tax return. If taxpayers don't renew an expired ITIN, the IRS can still accept their return, but it may delay processing.

What you need to know about digital asset reporting

Use IRS.gov resources and online tools for tax helpIRS.gov has online tools to help get taxpayers the information they need. The tools are easy to use and available 24 hours a day. There are tools to help taxpayers file and pay taxes, track tax refunds, find information about their accounts and get answers to their tax questions.


Ensure a seamless tax filing experience by partnering with Mark Sullivan Consulting before the April 15, 2024 deadline. As the IRS highlights the importance of accurate filings, our expert team meticulously reviews your digital asset income documents, minimizing errors and delays. From organizing records to maximizing deductions, trust us to navigate the complexities and secure your financial future with confidence.


Request a free consultation HERE with Mark W. Sullivan, EA .


About the author

Mark W. Sullivan, EA founded Sullivan Consulting in 1998. He specializes in federal tax controversy representation, appeals and consulting on behalf of individuals, businesses, law, and accounting firms nationwide. In addition, he has served as the consulting and expert witness in numerous civil and criminal cases in multiple federal district courts.

Mark has an unlimited Enrolled Agents license and is admitted to practice before the Internal Revenue Service based on his extensive experience as a Revenue Officer in New York, NY, St. Louis, MO and Washington, D.C.

 

Copyright 2024


Mark Sullivan Consulting, PLLC.


Disclaimer: This article is for information purposes only and cannot be cited as precedent or relied upon in a tax dispute before the IRS.


Additional references:

IRS Tax Tip 2024-29- Things to remember when filing a 2023 tax return (April 8, 2024)


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