Francetic Tax Resolution LLC - May 2020

FTR TAX TIP OF THE MONTH

If you haven’t filed your tax return yet because of the IRS extension (see Page 2), I have a crucial tip for you: Whenever possible, always file electronically. Why is filing electronically the way to go? Well, when you send in your returns by mail, you open yourself up to three possible outcomes — and all of them are bad. First, the IRS or state could misplace your return, causing an unneeded delay getting back the money you loaned them the previous year. Second, your refund check could get lost in the mail, forcing you to call the IRS or state and request another one. Third and worst of all, any out-of-the-ordinary items on your return could trigger an audit. The latter can happen much more easily when you send in a paper return because instead of it being accepted and processed by a computer, someone with the IRS or state has to look at it and manually enter numbers into the system. If you have questionable items on your return (like above-average deductions on Schedule A or Schedule C, for example), then your tax return can be flagged by the person entering the numbers. If that happens, the IRS or state might want to take a closer look — in other words, do an audit — and that could cause you some problems. ELECTRONICALLY FILE YOUR TAX RETURN IF POSSIBLE!

SPRINGTIME CACIO E PEPE

You can avoid most of these issues by e-filing. When you e-file, instead of having your

Inspired by Eating Well

refunds mailed to you, you can set up direct deposits so that you’ll receive the refunds within seven to 10

INGREDIENTS

• •

6 oz multigrain spaghetti

1/2 cup Parmesan cheese, grated 1/2 tsp black pepper

8 oz fresh asparagus, cut into 1-inch pieces

• •

business days. Currently, only original 2019, 2018, and 2017 tax returns can be e-filed to the IRS. The IRS does not accept e-filed amended returns, but the state of

• •

1 tbsp olive oil

1 cup baby arugula

1 tsp lemon zest

DIRECTIONS

Wisconsin does. If you have tax returns from before 2017 that need to be filed, you unfortunately have to send them in by mail. You’ll want to be careful if you are reporting business income and expenses on these older tax returns, because they will warrant a closer look and may turn into a potential audit. If you or a loved one have questions about filing delinquent tax returns that can’t be e-filed, please contact me! I can help mitigate any unnecessary scrutiny by the IRS or state and make an audit less likely.

1. Heat oven to 425 F.

2. In a large pot, cook spaghetti until al dente. Reserve 1 cup of water before draining and put spaghetti in a covered pot to keep warm.

3. Line a 15x10-inch baking pan with foil and toss in asparagus and olive oil.

4. Cook asparagus for 5–7 minutes and sprinkle with lemon zest.

5. Add 3/4 cup of the reserved water, Parmesan cheese, and pepper to the spaghetti. Stir until creamy.

6. Toss in asparagus and arugula before serving.

3

WWW.FRANCETICTAXRESOLUTION.COM | 262-752-6992

Made with FlippingBook - professional solution for displaying marketing and sales documents online