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IRS Tax Tip 2022-61, April 20, 2022 The federal income tax deadline has passed for most individual taxpayers. However, some haven’t filed their 2021 tax returns or paid their tax due. Some people may choose not to file a tax return because they didn’t earn enough money to be required to file. Generally, they won’t receive …
What someone should do if they missed the April deadline to file and pay taxes Read More »
IRS Tax Tip 2022-60, April 19, 2022 Once a taxpayer files their tax return, they want to know when they’ll receive their refund. The most convenient way to check on a tax refund is by using the Where’s My Refund? tool on IRS.gov. Taxpayers can start checking their refund status within 24 hours after the IRS acknowledges …
How taxpayers can check the status of their federal tax refund Read More »
IRS Tax Tip 2022-59, April 18, 2022 The filing and payment deadline for most 2021 federal tax returns has arrived. Taxpayers should file or request an extension of time to file and pay any taxes they owe by the April 18, 2022, deadline to avoid penalties and interest. Taxpayers in Maine and Massachusetts have until …
Most federal tax returns are due; people who can’t pay should still file on time Read More »
COVID Tax Tip 2022-58, April 14, 2022 The April deadline for filing a 2021 tax return is near, but IRS tax help is available 24 hours a day on IRS.gov. Whether filing a tax return, requesting an extension, or making a payment, the IRS website has answers to most tax questions and can help people …
Important reminders for people filing their tax return at the last minute Read More »
IRS Tax Tip 2022-57, April 13, 2022 A hobby is any activity that a person pursues because they enjoy it and with no intention of making a profit. People operate a business with the intention of making a profit. Many people engage in hobby activities that turn into a source of income. However, determining if …
Here’s how to tell the difference between a hobby and a business for tax purposes Read More »
IRS Tax Tip 2022-56, 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 IRS scans tax returns for possible fraud. If a tax return is flagged as suspicious, the agency will pull it for more review. Then …
What taxpayers should do if they get an identity theft letter from the IRS Read More »
COVID Tax Tip 2022-55, April 11, 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 amount of their credit in advance and don’t need to include any information about this payment when they file their 2021 tax return. As …
COVID Tax Tip 2022-54, April 7, 2022 The IRS issues most refunds in fewer than 21 days for taxpayers who file electronically and choose direct deposit. However, some returns have errors or need more review and may take longer to process. The IRS works hard to get refunds to taxpayers quickly, but taxpayers shouldn’t rely …
Why it may take longer than 21 days for some taxpayers to receive their federal refund Read More »
IRS Tax Tip 2022-53, April 6, 2022 People can stay connected to the IRS through the agency’s verified social media accounts and subscribing to e-news services. These communication channels provide valuable information all year, not just during filing season. IRS social media platforms Twitter: Taxpayers, businesses and tax professionals can follow the IRS handles for up to the minute announcements, tips and tax …
IRS Tax Tip 2022-52, April 5, 2022 Taxpayers who can’t pay the full amount of federal taxes they owe should file their tax return on time and pay as much as possible. This will help reduce penalties and interest. If they can’t pay their full bill, they have some other options. Get a loan In …
Options for taxpayers who need help paying their tax bill Read More »