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Tag: Tax prep

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What people should do if their third-round Economic Impact Payments are missing or incorrect

April 12, 2022

In 2021, the IRS issued more than 175 million third-round Economic Impact Payments, totaling over $400 billion. Most eligible people already received the full...

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What taxpayers should do if they get an identity theft letter from the IRS

April 12, 2022

When a thief steals someone’s Social Security number, they can use it to file a fraudulent tax return. This is tax-related identity theft. The...

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There are lots of things in life that are just better to avoid

March 31, 2022

There are lots of things in life that are just better to avoid. Unfortunately, your tax returns are not one of them. That’s why...

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Easy steps to avoid tax return errors that can delay processing or adjust refunds

March 27, 2022

WASHINGTON — The Internal Revenue Service today reminded taxpayers how to avoid common errors on their tax returns. This filing season, the IRS is...

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Electronic tax payment and agreement options available to taxpayers who owe

March 27, 2022

WASHINGTON ― The Internal Revenue Service today reminded taxpayers who have a tax bill that there are several ways to make payments, and there...

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Money received through ‘crowdfunding’ may be taxable; taxpayers should understand their obligations and the benefits of good recordkeeping

March 27, 2022

Understanding CrowdfundingCrowdfunding is a method of raising money through websites by soliciting contributions from a large number of people. The contributions may be solicited...

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What taxpayers should do if they have incorrect or missing documents

March 21, 2022

Taxpayers should make sure they have all their documents before filing a tax return. Taxpayers who haven’t received a W-2 or Form 1099should contact...

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Are You Required to File your Taxes.

March 21, 2022

Are You Required to File your Taxes even If you Haven’t Worked?. If you have no income, you’re usually not required to file a...

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An overview of the credit for other dependents!

January 24, 2022

Taxpayers with dependents who don’t qualify for the child tax credit may be able to claim the credit for other dependents. This is a...

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Common tax return mistakes that can cost taxpayers

January 22, 2022

Tax laws are complicated but the most common tax return errors are surprising simple. Many mistakes can be avoided by filing electronically. Tax software...

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