The Internal Revenue Service says it has sent out all the third-round Economic Impact Payments (EIPs), but the agency is quick to add that taxpayers who missed out on the EIP still have one more chance to claim their money.…
Much attention has been given lately to the Child Tax Credit and its advance payments. But another credit is available if the taxpayer’s dependents aren’t their children.This credit is for other…
It’s official: the gates are open; the race is on. Tax season for 2022 is officially underway.The IRS kicked off this year’s filing season urging taxpayers to help them get refunds out faster this…
Read more about IRS Opens Tax Season with Tips for Faster Refunds
Millions of Americans are preparing to get their income tax returns in order for the 2021 tax year. While many are mostly concerned about getting their returns in on time, they should also be thinking about filing a correct return.…
The Internal Revenue Service wants employers to know the clock is ticking, and to get their Forms W-2 and other wage statements to the government very soon. The deadline is January 31.…
Read more about IRS Reminds Employers About Wage Statement Deadline
With tax time’s arrival, those Americans who don’t normally have to file an income tax return usually think their circumstances mean they have no benefit to filing a return.…
Read more about Reasons Some Non-Filers Should File This Year
Finding a contactless tax preparation solution has become an essential consideration for tax professionals over the past two years. Whether needing something more secure than email for exchanging files online or a robust platform for serving the needs of clients who can’t make it to the office, many practices are now looking for the ideal solution.…
The Internal Revenue Service says it has updated the online frequently asked questions (FAQs) for the 2021 Child Tax Credit and the Advance Child Tax Credit.…
“The most challenging year taxpayers and tax professionals have ever experienced." With that short sentence, National Taxpayer Advocate Erin Collins sums up her assessment of the calendar year 2021 and its effect on the Internal Revenue Service.…
Read more about Taxpayer Advocate Highlights 2021 Delays for Processing and Refunds
The Internal Revenue Service is updating its Frequently Asked Questions to reflect changes on two fronts important to a lot of taxpayers.…
Read more about FAQs Updated on Unemployment Compensation, Recovery Rebate Credit
