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Some tax considerations for people who are separating or divorcing
When people go through a legal separation or divorce, the change in their relationship status also affects their tax situation. The IRS considers a…
Tag: Virtual Tax
Tax Update
What taxpayers need to know about making 2022 estimated tax payments
By law, everyone must pay tax as they earn income. Generally taxpayers must pay at least 90 percent of their taxes throughout the year…
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Tax Update
Why it may take longer than 21 days for some taxpayers to receive their federal refund
The IRS issues most refunds in fewer than 21 days for taxpayers who file electronically and choose direct deposit. However, some returns have errors…
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Tax Update
What people should do if their third-round Economic Impact Payments are missing or incorrect
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…