When it comes to filing a tax return – or not filing one – the IRS can assess a penalty if you fail to file, fail to […]
Military personnel have some unique duties, expenses and transitions. Some special tax benefits may apply when moving to a new base, traveling to a duty station, returning […]
Do you have a rental rental property that you rent property to others? If so, you’ll want to read the following seven tips about rental income and […]
Entity types Before starting a new business, there are numerous decisions to be made. One of the first decisions is deciding the legal form in which you […]
IRS Opens Address Change Portal for Advance CTC Payments – Did You Know? The IRS recently added a new address change feature to the 2021 Child Tax […]
Tracking Tips – Did You Know? For those that work in summer or other jobs that include tipping, the IRS recommends keeping a tips diary so that […]
The earned income tax credit can give qualifying workers with low-to-moderate income a substantial financial boost. In 2019, the average amount of this credit was $2,476. It not only […]
IRS and Cryptocurrency Audits The IRS is focusing on cryptocurrency transactions in its audits. As a general rule, an audit will be conducted by an IRS auditor […]
How to request a copy of your previous year tax return Here’s how people can request a copy their previous tax return Taxpayers who didn’t save a […]
The IRS has released a tool designed to help eligible families who don’t normally file tax returns to register for the monthly advance child tax credit (CTC) […]
Stimulus Payments 2020 Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON – The Treasury Department and the […]