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COVID Tax Tip 2021-16, February 9, 2021 As taxpayers get ready to file their 2020 tax return, they should start by gathering their records. Taxpayers should gather all year-end income documents to help ensure they file a complete and accurate 2020 tax return and avoid refund delays. Taxpayers should have all necessary records handy, such …
The first step of tax preparation is gathering records Read More »
COVID Tax Tip 2021-15, February 8, 2021 Families are often looking for ways to save money. One way they can do this is by using IRS Free File to do their taxes. Free File offers online tax preparation, direct deposit of refunds and electronic filing, at no cost. Not only can IRS Free File save families money, the software …
Tax Tip 2021-14, February 5, 2021 Whether taxpayers regularly use a tax professional to help them file a tax return or they have decided to work with one for the first time, it is important to choose a tax return preparer wisely. Taxpayers are responsible for all the information on their income tax return. This is true …
Tips to help people choose a reputable tax preparer Read More »
COVID Tax Tip 2021-13, February 4, 2021 Most people with gross income of $12,400 or more must file a federal tax return. Some people with a lower income are not required to file. However, these individuals should still consider filing for a refund of federal income tax withheld. They may also be eligible for certain …
IRS Tax Tip 2021-12, February 3, 2021 As taxpayers prepare for the start of the 2021 filing season, the best way to get a refund is to combine electronic filing with direct deposit. It’s fast, secure and easy. IRS Direct Deposit: Is fast. The quickest way for people to get their refund is to electronically file and use direct deposit. Visit …
People can get their federal tax refund faster with direct deposit Read More »
IRS Tax Tip 2021-11, February 2, 2021 The IRS has a new online option to help tax professionals remotely get signatures from individual and business clients on authorization forms and submit those forms electronically. This new option is part of the IRS’ continued efforts to expand digital options for tax pros using electronic signatures. It …
IRS offers contact-free signature options for authorization forms Read More »
IRS Tax Tip 2021-10, February 1, 2021 As taxpayers get ready to file their federal tax returns, most will also be thinking about preparing their state taxes. There’s some good news for filers wanting to save money. Eligible taxpayers can file their federal and, in many cases, their state taxes at no cost. Taxpayers whose …
Many taxpayers can file their state and federal tax returns for free Read More »
COVID Tax Tip 2020-09, January 28, 2021 The IRS will begin accepting and processing 2020 tax year returns on Friday, February 12, 2021. People who are ready to file can begin filing their tax returns with tax prep software, including IRS Free File. Software providers are accepting completed tax returns now, and holding them until the IRS begins …
IRS Tax Tip 2021-08, January 27, 2021 The IRS has a variety of resources to help members of the military, veterans and their families navigate the unique and sometimes complex circumstances that come with filing taxes while in the military. Here’s a list of some of the resources these taxpayers may find helpful. Tax Information …
Tax resources for military members, veterans and their families Read More »
IRS Tax Tip 2021-07, January 26, 2021 The IRS has expanded the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identity. The Identity Protection PIN is a six-digit code known only to the taxpayer and to the IRS. It helps prevent identity thieves from filing fraudulent tax returns using a taxpayers’ …
All taxpayers are now eligible for identity protection PINs Read More »