TAX SEASON 2021

The Devil's Dozen: IRS Recommendations for Protection Against 12 Tax Fraud Schemes

Nobody likes to pay taxes. But given the choice between paying taxes and losing money through fraud, most people would prefer the former. Unfortunately, this does not stop thousands of Americans from giving millions of dollars to tax scams, writes GOBankingRates. Here are the most common ways ...

6 ways to get free tax filing assistance

This year Tax Day is April 15, reminds MoneyTalksNews. Many Americans pay money to have help preparing and filing their taxes. But millions of people do their taxes on their own, without the help of a professional. The publication offers a golden mean...

Gambling losses, repairs, insurance: what can be deducted from taxes for 2019

You already know that you do not need to pay federal income tax on all of your income. What exactly should you deduct from your taxes to reduce total taxable income? Go Banking Rates explains. You have a chance to get to know the most ...

Key IRS issues taxpayers will face in 2020

Customer service problems are the biggest obstacle Americans will face this tax season, USA Today writes. “The Internal Revenue Service (IRS) is one of the world's worst-performing federal agencies,” said Bridget Roberts, Acting Taxpayer Advocate...

Taxes and Tax Filling: Finance Specialist Answers ForumDaily Readers Questions

The US tax system is quite convoluted, and it is sometimes difficult for both Americans and immigrants to understand its intricacies. At the same time, errors in filing a declaration can result in additional costs and problems with one of the most formidable American departments - the Internal Revenue Service ...

When to pay taxes and file returns in 2020: the most important dates

The U.S. Internal Revenue Service (IRS) says it will accept and process tax returns starting Monday, January 27th. Reported by USA Today. What other dates need to be considered in order to file returns and pay taxes on time in 2020? Tax returns ...

IRS reports good news for US taxpayers

The Internal Revenue Service (IRS) will allow more people to file tax returns for free in 2020, writes USA Today. On Monday, the IRS made an addition to its Free File program, which is an agreement with a dozen tax preparation firms, including H & ...

Key changes: what you need to know about taxes in 2020

It's never too early to start saving money for retirement and cutting your tax bill. The IRS has adjusted inflation for a range of rates, from the amount you can contribute to a 401 (k) pension plan to individual income tax rates, CNBC writes. Pay ...

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