Barry Lisak

1 week ago | thechiefleader.com | Barry Lisak

Each year, the Internal Revenue Service sends millions of letters and notices to taxpayers for a variety of reasons. Although some people may feel anxious when they receive one, many are easy to resolve. Here are items to know about IRS notices, just in case one shows up in your mailbox. Don’t panic. Many of these letters can be dealt with simply and painlessly. You generally have 30 days to respond to an IRS notice. Always check which tax year the notice relates to.

2 weeks ago | thechiefleader.com | Barry Lisak

Tax strategiesPosted 5/2/25 Along with the lazy, hazy days of summer come some extra expenses, including summer day camp, nursery school and preschool. The IRS has some good news for parents: those added expenses may help you qualify for a tax credit. Sorry, overnight camp does not qualify. The childcare credit is designed to assist working parents with some expenses involved in raising a child. The credit varies depending on the taxpayer’s earned income.

3 weeks ago | thechiefleader.com | Barry Lisak

Tax strategies Posted 4/25/25 Congratulations if you recently updated your status from single to married, but you should be aware that marriage also brings about some changes with your income taxes. Here are several tips for newlyweds from the IRS:• Notify the Social Security Administration. It’s important that your name and Social Security number match on your next tax return; so if you’ve taken a new name, report the change to the Social Security Administration.

1 month ago | thechiefleader.com | Barry Lisak

The IRS receives thousands of reports each year from taxpayers who receive suspicious emails, phone calls, faxes or notices claiming to be from the Internal Revenue Service. Many of these scams fraudulently use the Internal Revenue Service name or logo as a lure to make the communication more authentic and enticing. The goal of these scams — known as phishing — is to trick you into revealing personal and financial information.

1 month ago | thechiefleader.com | Barry Lisak

Each year, the Internal Revenue Service sends millions of letters and notices to taxpayers for a variety of reasons. Although some people may feel anxious when they receive one, many are easy to resolve. Here are items to know about IRS notices, just in case one shows up in your mailbox. Don’t panic. Many of these letters can be dealt with simply and painlessly. You generally have 30 days to respond to an IRS notice. Always check which tax year the notice relates to.