Taxation 101 – A Comprehensive Guide to Understanding Income Tax Returns, Bookkeeping and Payroll

The Tax Cuts and Jobs Act made the taxing process more efficient, and the IRS churned out a plethora of useful documents to help taxpayers make informed choices. For example, the IRS announced the availability of the new Enhanced Online Expense Reporting and Management System (EOESMS), a web-based system that makes it easier to report expenses and claim reimbursements. This means that taxpayers will no longer have to fret about misplaced tax documents or shoddy tax returns.

In particular, the aforementioned IRS website has been a boon to many business owners, as it has eliminated the guesswork surrounding tax preparation. As a result, taxpayers can get down to the nitty gritty, and actually enjoy the fruits of their labor. Aside from the aforementioned OOESMS, the IRS also offers a streamlined filing system for self-employed taxpayers. Redlands Tax Service On top of this, the agency offers a myriad of online tools and resources to help taxpayers navigate a tangled tax code. One such resource is the Online Self-Service Tax Checker (OSSC), a free and easy way to check your balance, find out if you owe taxes, and make payments. Its handy interface makes it a breeze to fill out forms, and its streamlined workflow will ensure that you pay only what you owe.

The best part of all is that the IRS is now offering an entirely free service for eligible taxpayers, which means that the IRS can now devote more attention to its taxing clients. To help with this, the agency launched an ad campaign highlighting its latest products and services.