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Netspend Blog

Tax

  • Common Audit Notices and What They Mean for your Taxes

    03/25/2021
    We've all heard horror stories about IRS tax audits, but is it really as scary as it seems? The fact is that most audits are automated and less intrusive than you realize, with most of them rectified by simply verifying some basic info. While audits shouldn't be ignored, they don't have to rule your life.
  • Your 2020 Tax Refund FAQs Answered

    03/18/2021
    Note: Netspend is not a tax advisor or CPA. The knowledge in this post is general information and should not replace the advice of a tax professional. For more information, please reach out to a tax professional in your area.
  • IRS Scams: Dirty Dozen of Tax Return Fraud for 2021

    03/11/2021
    Each year, the IRS releases a list of the biggest IRS scams to watch out for, called the Dirty Dozen. This year's IRS Dirty Dozen list contains some familiar scams, including phishing and ransomware attacks, which have also been featured on previous lists. Fraudsters have designed increasingly complex scams over the years, so it's important to keep up with the IRS's latest guidance at tax time.
  • Your Guide to the 1099-MISC Tax Form

    02/24/2021
    Even if you have a professional do your taxes, it's a smart move to become familiar with all of the paperwork needed to file a proper tax return. One of the forms that may be new to you this year is a 1099-MISC. A common tax form for self-employed workers, a 1099-MISC is an essential measure of your income for the year. Here's what you should know about the 1099-MISC tax form before you file your tax returns.