About Kristen Deazeley
Kristen Deazeley is a Public Affairs Specialist in the Tax Outreach, Partnership and Education office of the Internal Revenue Service Communications & Liaison Division. She currently partners with employers, industry and trade associations to deliver tax outreach and education. Kristen joined the IRS in 2004 as a Revenue Agent where she performed examinations of sole proprietorships, C Corporations and flow through entities. She has also held assignments as a Stakeholder Liaison, Taxpayer Advocate Service Group Manager and performed details with the National Research Program. Kristen graduated from The University of Toledo with concentrations in Communications and Accounting. She is a NASM Certified Personal Trainer.
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Basics of Estimated Taxes for Individuals
July 2019 - The United States Tax System operates on a pay-as-you-go basis. This means that taxpayers need to pay most of their tax during the year, as the income is earned or received. Taxpayers must generally pay at least 90% of their taxes throughout the year through withholding, estimated or additional tax payments or a combination of the two. If they don't, they may owe an estimated tax penalty when they file. The IRS has seen an increasing number of taxpayers subject to estimated tax penalties, which apply when someone underpays their taxes. The number of people who paid this penalty jumped from 7.2 million in 2010 to 10 million in 2017, an increase of nearly 40%. The penalty amount varies but can be several hundred dollars. Read Article...
IRS Highlights Expanded Tax Benefits For Depreciation and Expensing
May 2019 - In recognition of National Small Business Week happening this month, the Internal Revenue Service is highlighting tax reform changes that impact depreciation and expensing for nearly every business. In some cases, these changes allow small business owners and the self-employed to write off the cost of machinery, equipment and other property more quickly. Here is some key information to keep in mind... Read Article...
Protect Your Data and Your Money this Holiday and Tax Filing Season
December 2019 - During the holiday shopping season and the upcoming tax filing season, the Internal Revenue Service, state tax agencies and the tax industry encourage individual taxpayers and businesses to secure their sensitive financial data. This can be a prime time for identity thieves seeking information they can use to file fraudulent tax returns. Read Article...
Searching for a Tax Preparer? Here Are Some Things to Consider
March 2020 - Tax filing season is upon us, and many people will be looking for someone to help them file a tax return. Most tax return preparers provide outstanding service, but taxpayers should choose their tax return preparers wisely. The IRS urges taxpayers to check their tax return preparer's qualifications and history. Taxpayers should ask about service fees before they give their records to a preparer. Taxpayers should review the return and ask questions before signing. This is because it's ultimately the taxpayer who is responsible for all the information on his or her income tax return. It's important for people to remember that this is true no matter who prepares the return. Read Article...