Relevant, timely, professional services and products
IRS Tax Tip 2022-41, March 16, 2022 IRS.gov provides helpful information for taxpayers and is a great place to start for tax questions. Many products and services are offered in several foreign languages. For access to information in any of the seven languages that the IRS currently translates information, taxpayers can click on the English …
Taxpayers can find tax help in several languages on IRS.gov Read More »
IRS Tax Tip 2022-40, March 15, 2022 Taxpayers can subscribe to three different IRS YouTube channels to get tax information in a short and easy to understand format and see community updates from the agency. The IRS YouTube channels are: IRS Videos IRS Videos American Sign Language IRS Videos Multilingual – This channel features videos in Spanish, Chinese and Vietnamese. …
IRS Tax Tip 2022-39, March 14, 2022 Low-income taxpayers who need help resolving a tax dispute with the IRS and can’t afford representation, may qualify for free or low-cost assistance from a Low Income Tax Clinic. These clinics are independent from the IRS and from the agency’s Taxpayer Advocate Service. How LITCs can help taxpayers These clinics …
IRS Low Income Tax Clinics can help taxpayers resolve federal tax issues Read More »
IRS Tax Tip 2022-38, March 10, 2022 Higher education is important to many people and it’s often expensive. Whether it’s specialized job training or an advanced degree, there are a lot of costs associated with higher education. There are two education tax credits designed to help offset these costs – the American opportunity tax credit and the lifetime learning credit. Taxpayers …
Two tax credits that can help cover the cost of higher education Read More »
IRS Tax Tip 2022-37, March 9, 2022 Rent is any amount paid for the use of property that a small business doesn’t own. Typically, rent can be deducted as a business expense when the rent is for property the taxpayer uses for the business. Here are some things small business owners should keep in mind …
Small business rent expenses may be tax deductible Read More »
COVID Tax Tip 2022-36, March 8, 2022 Active-duty military personnel have options for free federal tax preparation. One is IRS Free File. This program offers, online tax preparation, electronic filing, and direct deposit of refunds, at no cost. Members of military and their families who have income of $73,000 or less in 2021 may choose from …
E-filing options make tax time easier on members of the military and their families Read More »
COVID Tax Tip 2022-35, March 7, 2022 To help people during this year’s filing season, many IRS Taxpayer Assistance Centers across the country will have special Saturday hours. These centers provide taxpayers with in-person help. The TACs are open from 9 a.m. to 4 p.m., local time, March 12, April 9 and May 14. No …
Some IRS Taxpayer Assistance Centers open on select Saturdays for in-person help Read More »
IRS Tax Tip 2022-34, March 3, 2022 Taxpayers have the right to know what they need to do to comply with the tax laws. Not just during filing season but, all year. When something happens to a taxpayer’s account, that taxpayer has the right to be informed about the activity. In fact, this right is …
Understanding taxpayer rights: The right to be informed Read More »
IRS Tax Tip 2022-33, March 2, 2022 Taxpayers who are paying someone to take care of their children or another member of household while they work, may qualify for child and dependent care credit regardless of their income. For tax year 2021, the maximum eligible expense for this credit is $8,000 for one child and $16,000 for …
Understanding the child and dependent care credit Read More »
COVID Tax Tip 2022-32, March 1, 2022 Families are often looking for ways to save money. One way they can do this is by using IRS Free File to prepare their taxes. IRS Free File offers online tax preparation software, electronic filing and direct deposit of refunds at no cost. The software can help eligible families find tax benefits …
Here’s why IRS Free File is a great value for families Read More »