Individual

Gig economy work can affect a taxpayer’s bottom line

IRS Tax Tip 2020-06, January 22, 2020 Taxpayers who work in the gig economy need to understand how their work affects their taxes. A little pre-planning can help make sure gig economy workers are prepared when it’s time to file their tax return. First things first, here’s a quick overview of the gig economy: The gig economy …

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Members of the military can take advantage of special offer to file taxes for free

IRS Tax Tip 2020-05, January 21, 2020 Active duty military personnel have multiple options for free federal tax preparation. IRS Free File allows taxpayers to prepare and file their federal individual income tax return for free using brand name tax-preparation-and-filing software. While Free File is for individuals or families whose adjusted gross income was $69,000 or less …

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Taxpayers should remember these tips when searching for a tax preparer

IRS Tax Tip 2020-04, January 16, 2020 The tax filing season is upon us, and many people will be looking for someone to help them file a tax return. These taxpayers should choose their tax return preparer wisely. This is because it’s ultimately the taxpayer who is responsible for all the information on their income tax return. It’s …

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New publications help taxpayers get ready and stay ready for tax filing season

IRS Tax Tip 2019-179, December 18, 2019 With the tax filing season almost here, taxpayers should check out two new IRS publications available on IRS.gov. These publications can help people get prepared to submit their tax returns and stay organized with tips for year-round tax planning. Publication 5348, Get Ready to File (PDF) This publication …

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Here’s how people can volunteer to help other taxpayers in their communities

Tax Tip 2019-176, December 13, 2019 With taxpayers beginning to think about filing their taxes next year, they can also consider volunteering to help others do so. The agency and its partner organizations are looking for people to prepare tax returns at free tax preparation sites across the country. People can sign up through the …

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Get ready for taxes: Here’s what to know about getting a tax refund

IRS Tax Tip 2019-175, December 12, 2019 Tax returns, like snowflakes and thumbprints are unique and individual. So too, is each taxpayer’s refund. This is something for taxpayers to remember next year when someone they know says or posts on social media about receiving a federal tax refund. Even though the IRS issues most refunds …

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Here’s what tax preparers need to know about a data security plan

Tax Tip 2019-174, December 11, 2019 With the tax filing season just weeks away, tax professionals who have a data security plan should review it for updates. Those who don’t have a plan should create one and use the information below to get started. Having a written data security plan isn’t just a good idea, …

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