The Internal Revenue Service (IRS) has issued a checklist to make tax preparation smoother in 2023, which features a key cautionary tip on how to avoid getting a dreaded notice or bill from the tax man.
The IRS’ list of “key points to keep in mind” when preparing to file a 2022 tax return, issued on Jan. 31, includes recommendations like choosing a tax professional carefully and filing electronically with direct deposit to receive refunds quickly.
The list also includes a warning to taxpayers that they must report all types of income on their tax returns.
“This is important to avoid receiving a notice or a bill from the IRS,” the agency stated….