Each year we see thousands of taxpayers misinterpret common deductions, often resulting in IRS audits and more taxes owed, or even missing out on credits that would have reduced their tax bill.
Citrus Heights, CA (PRWEB) April 10, 2012
TaxResources, Inc., the nation’s leading audit defense firm, has announced the launch of its new “Will it Fly?” video series. Just in time for the peak of tax season, “Will it Fly?” videos will address common misconceptions about tax deductions and answer American taxpayers’ most frequently asked questions. Hosted by Dave Du Val, Vice President of Tax Services, the videos will be released by the company on an ongoing basis, with the goal of helping taxpayers navigate the tax code as they prepare to file their returns and avoid being audited by the IRS.
“The idea behind the ‘Will it Fly?’ concept comes from years of watching many taxpayers misunderstand when deductions are allowed and when they are not,” explains Du Val. He notes, “Each year we see thousands of taxpayers misinterpret common deductions, often resulting in IRS audits and more taxes owed, or even missing out on credits that would have reduced their tax bill. We are excited to help people understand many tax situations that will allow them to prepare their returns correctly and confidently.”
Common deductions, such as vehicle expenses, home offices, and charitable contributions, will be covered in the series, as well as the correct tax treatment of less common types of income, such as inherited property. The first videos premiere today on http://www.will-it-fly.com, with more on the way in the coming weeks and throughout the year.
About TaxResources, Inc.:
With more than twenty years of experience, TaxResources, Inc. is the nation’s oldest and most skilled audit representation firm. Recognized as a leader in the industry, TaxResources is committed to providing the best income tax audit representation and the best taxpayer education available while minimizing the stress involved in dealing with the IRS and other tax authorities. To learn more about income tax audits and Audit Defense membership plans, visit http://www.taxaudit.com.