Relevant, timely, professional services and products
IRS Tax Tip 2022-51, April 4, 2022 In 2018, over a million taxpayers didn’t file their federal return, leaving $1.5 billion in unclaimed refund money. It’s not too late for people to file and get their refund, but the deadline is soon. Taxpayers have until April 18, 2022, to file their 2018 return and get …
Time is running out to file for tax year 2018 and still get unclaimed refunds Read More »
IRS Tax Tip 2022-50, March 31, 2022 It’s important for everyone should know how the IRS contacts taxpayers. This will help people avoid becoming a victim of scammers who pretend to be from the IRS with a goal of money or stealing personal information. Here are some facts about how the IRS communicates with taxpayers: …
Filing season security tip: Know the facts about how the IRS contacts taxpayers Read More »
IRS Tax Tip 2022-49, March 30, 2022 Once taxpayers file their federal tax returns, they’re eager for details about their refund. When it comes to refunds, there are several common myths that can mislead taxpayers. Myth: Calling the IRS, tax software provider, or a tax professional will provide a more accurate refund date Many people …
IRS Tax Tip 2022-48, March 29, 2022 The tax filing deadline less than a month away. The IRS reminds all taxpayers but especially those who haven’t yet filed, to choose a tax return preparer wisely. Taxpayers are responsible for all the information on their income tax return regardless of who prepares the return. Here are some tips …
Tips to help taxpayers hire a reputable tax preparer Read More »
IRS Tax Tip 2022-47, March 28, 2022 For most individual taxpayers the tax filing and payment deadline is Monday, April 18, 2022. Those who need more time to file can request an extension to file. Taxpayers must request an extension to file by April 18, or they may face a failure to file penalty. This extension …
IRS reminds taxpayers an extension to file is not an extension to pay taxes Read More »
COVID Tax Tip 2022-46, March 24, 2022 Filing an error-free tax return is key to taxpayers getting any refund they are due as soon as possible. One IRS resource that can help is Online Account. This is the fastest and easiest way to see account information such as estimated tax payments, prior year adjusted gross income …
IRS Tax Tip 2022-45, March 23, 2022 The April 18 deadline for individuals to file and pay their federal income tax is just around the corner. While paying taxes is not optional, the IRS offers a variety of ways for people to pay their taxes. Some taxpayers must make quarterly estimated tax payments throughout the year. This …
Here are the different ways people can pay their federal taxes Read More »
IRS Tax Tip 2022-44, March 22, 2022 Members of the military may qualify for tax benefits not available to civilians. For example, they don’t have to pay taxes on some types of income. Special rules may lower the tax they owe or allow them more time to file and pay their federal taxes. Here are some of …
Valuable tax benefits for members of the military Read More »
COVID Tax Tip 2022-43, 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 1099 should contact the employer, payer or issuing agency and request the missing documents. This also applies for those who received an incorrect W-2 or Form 1099. …
What taxpayers should do if they have incorrect or missing documents Read More »
IRS Tax Tip 2022-42, March 17, 2022 Taxpayers should file their tax return by the deadline even if they cannot pay their full tax bill. Taxpayers who owe tax and don’t file on time, may be charged a failure-to-file penalty. This penalty is usually five percent of the tax owed for each month, or part …
Taxpayers should file their tax return on time to avoid costly interest and penalty fees Read More »