IRS

The IRS is developing a new online approach for small businesses to build 1099 paperwork from scratch and file them electronically. The IRS claims that its new internet gateway, which is available for free, does not require any…

Checking the status of a tax refund requires a Social Security number and the amount of the refund due. This service is accessible without registration. When requesting a refund, please allow the Department sufficient time to process the…

The IRS advises selecting "Yes" if you mine, stake, or otherwise derive any monetary benefit from cryptocurrency. The Internal Revenue Service (IRS), an agency responsible for enforcing United States federal tax laws, has issued a list…

When filing US tax returns, many people, especially first-timers, put it off until the last minute because they find it intimidating.  But if you don't want to worry about missing the deadline, you should start making preparations as…

In 2021, families qualifying for the Child Tax Credit saw a boost from $2,000 to $3,600 per child aged 5 or under and A$3,000 per child aged 6 to 17, however in 2023, these amounts will drop. Prepare your 2022 tax returns as 2022 is…

Tax season for 2022 returns started this week, but 2020 returns are also making headlines. The IRS recently informed Americans that they may still be owed money from that time period and provided instructions on how to claim it. When…

The IRS advises that you must file a thorough and correct tax return if you anticipate receiving a refund this year in order to prevent lengthy processing and delays. Include any needed tax documents, also known as information returns,…

On January 23, the Internal Revenue Service will begin taking tax returns for 2022 income, with refunds being distributed in the weeks and months that follow. Some of us may be in for a shock. According to Khalfani-Cox, a specific tax…