Regardless of which State in the United States we live in, we must always send our annual tax return to the IRS. Only a small group of citizens are not required to file an annual tax return, although it is always advisable to do so.
In most cases where citizens are not required to file a tax return the tax refund is positive. So we can get a cheque with an amount of money corresponding to those taxes.
Regardless of whether we have to make a payment or receive a tax refund, the IRS has made a new tool available to all users. With this new tool we will be able to know better everything related to taxes and the laws attached to it. It is a good way to avoid making mistakes when filing our tax return.
What can we do with the IRS Interactive Tax Assistant?
The IRS has made available to everyone this tool called Interactive Tax Assistant (ITA). Through this tool we can find out the answer to many tax and law related questions. Best of all, we can get specific answers for individual circumstances.
Have a tax law question? With the #IRS Interactive Tax Assistant you can find answers quickly. See: https://t.co/5OdM6EQEKl pic.twitter.com/M7MQhAAd7f
— IRSnews (@IRSnews) February 10, 2023
From your own questions and propositions, the ITA provides answers. In this way it will tell us whether a tax return is mandatory, what is the status of your tax return, whether you can claim a dependency payment and much more. In addition, it also tells us if we are eligible for a credit or if we can deduct expenses on our return.
A very easy to use tool
In order to make use of this tool we only have to access its web page, within the IRS. After that, we have a search engine where to include the keywords that will help the system to give us an answer about it. To this we must add that the IRS has prepared possible frequently asked questions.
Therefore, we can look at the possible frequently asked questions in case one of them is the one we want to consult the IRS ITA. This tool is very powerful because it will help a lot to any US taxpayer who is doubting about some items within his tax return.
Best of all, it’s free and offers official IRS information. So it is the closest thing to having a financial advisor without the need of having to pay for it. And this way we also avoid possible fraud from advisors who want to scam us and steal our money.