Reed Humphrey
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easyIRS.com - the easy alte ative to irs.gov Expert
Reed Humphrey Quick Facts
easyIRS.com VP of Marketing and Business Development
Reed Humphrey has an impressive history of sales and marketing leadership in companies such as BCE Emergis and ADP. He has co-founded or led marketing at four different start-ups, including a tax services firm that grew revenues by 100-fold under his direction.
Reed holds a master’s degree in broadcast communications from the University of Tennessee.
He enjoys public speaking, networking, and interacting with customers to stay close to the pulse of the marketplace.
Reed gave up his own successful marketing firm to help New River Innovation and easyIRS.com edefine an industry.
Articles by this expert
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Will I Go to Jail if I Don’t File a Tax Return?
The IRS understands that any of us can make a mistake. If you don’t file your tax return by the deadline, the IRS will not automatically assume that you are a tax evader. But if you fail to file your return for several years, you may find yourself dealing with the Internal Revenue Service Criminal Investigation Division – something you probably don’t want to do. By failing to file a tax return, the following may happen: - The IRS may file your return for you: if the IRS files a Substitute for Return, it will be prepared in the best interest of the Treasury, not you.
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Common Filing Errors
Preparing your tax return is anything but fun, and it’s rarely easy. Play it safe: do not send your return to the IRS, without checking to make sure that you haven’t made one of these all too common errors: Math Errorr This is one of the easiest mistakes to make: adding or subtracting incorrectly on your tax form(s). Don’t rush – being in a hurry to get it in by April 15th can cause mistakes. Be sure to review everything you enter for correctness. Computation Errorr Make sure that you have reported your tax correctly.
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File Your 2006 Return or Forget Your Refund!
If you have yet to file a tax return for tax year 2006, the Internal Revenue Service has good reason for you to do so, in fact, they have 1.3 billion reasons for you to file! You need to act fast though, in order to claim any unpaid refund you may be due. According to the IRS, in an announcement dated March 2nd 2010, almost 1.4 million people could be due a refund on their 2006 tax return if they file it by April 15th, 2010.
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Do I Have Reasonable Cause for Penalty Abatement?
It's no fun when the IRS adds penalties and interest to your balance due. In fact, it can feel like they are just trying to add insult to injury. What the IRS is actually trying to do is encourage voluntary compliance with American tax laws. Even the IRS knows that certain events are out of your control and may cause you to file a return late or make a payment late.
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What are the Tax Implications from Alimony or Child Support?
Basically, child support has no effect on your tax return. Alimony, however, does have an effect on your return. If you receive alimony, you need to make sure that you make Estimated Tax Payments throughout the year so that you do not owe tax when you file. If you receive or pay alimony.... Alimony payments you receive are considered income and are taxable in the year that you receive them.
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What You Should Know About Submitting an Offer in Compromise...
It's after April 15th and most tax returns have been filed, hopefully you don't have any unfiled returns. But, some people may be left wondering how they are going to pay the amount they owe. While there are a several options available to individuals, the Offer in Compromise, or settlement, gets the majority of press time, especially in the infamous "pennies on the dollar" commercials. These commercials never say just unusual it is for the IRS to actually approve an Offer in Compromises (OIC) for individuals.
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You Better Know these 6 Offer in Compromise Facts Before Filing!
Like a lot of things about taxes, what you don't know can hurt you... and, you'll be surprised at what you might not know. A lot of companies advertise that they can help you settle your tax debt for pennies on the dollar. They will also tell you their success stories regarding the amount clients have saved by filing an Offer in Compromise (OIC). But they don't want you to know any of the following facts regarding OICs. Your chances aren't very good. In 2009, only 1.1 out of 1,000 people who owed the IRS money had an OIC accepted.
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The Top IRS Audit Selection Risk Factors
Including certain information on your tax return (or omitting certain information!) may cause the IRS to pay special attention to your tax return-and not in a good way. The IRS knows there are certain areas on a tax return where it is more likely for people to either make errors or to try and misrepresent their income and/or expenses. As a result, the IRS focuses its efforts for auditing on these areas. Below are several of the red flags that can increase the likelihood of having your tax return audited by the IRS.
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What Back Tax Returns Do I Need To File?
Depending on the total amount (and type) of income you received during the year, you may not need to file any. - Filing your federal tax returns is the most important aspect to fixing any problems you may have with the IRS. - In the first place, the law requires each individual to file a return if they meet certain conditions. (If an individual meets the conditions, it creates a “filing requirement”).
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How Does One Qualify for Innocent Spouse Relief of Federal Income Tax with the IRS?
The fact is, in the United States, divorce occurs in almost 50% of marriages. In addition to all the associated pain and suffering, tax problems can occur after a divorce or separation. What is Innocent Spouse Relief with the IRS?
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How to Determine if I am an Employee or Independent Contractor?
18% of people are categorized incorrectly... and the cost of being wrong can be pretty high! There is a big difference between an employee and an independent contractor when it comes to federal taxes. If you are incorrectly categorized as an independent contractor when you are actually an employee, you could pay a lot more on April 15th. Employees - As an employee, your employer pays half of your FICA and Medicare tax.
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