If you can’t pay your tax bill in full, you can apply for an installment agreement with the IRS. This allows you to pay your taxes over time. It’s important to contact the IRS as soon as possible to avoid penalties and interest.

If you file your taxes late, you may be subject to penalties and interest on any unpaid taxes. The penalty for filing late is typically 5% of the unpaid taxes for each month or part of a month that your return is late, up to 25% of your unpaid taxes.

If you receive a notice from the IRS, don’t panic. Read the notice carefully to understand the issue, and follow the instructions provided. Often, it’s a simple request for more information. If you disagree with the notice, you can contact the IRS or seek help from a tax professional.

While there’s no guaranteed way to avoid an audit, you can reduce your chances by ensuring your tax return is accurate and complete. Double-check for errors, report all income, and keep detailed records and receipts to substantiate your deductions.

Yes, if you use part of your home exclusively and regularly for your business, you may be able to deduct home office expenses. The IRS allows for a simplified deduction method or an actual expense method, depending on which is more beneficial for you.

Yes, you can claim a deduction for charitable contributions if you itemize your deductions. Ensure that the charity is a qualified organization, and keep receipts or acknowledgment letters for donations. Contributions of cash or property may be deductible, subject to certain limits.