In November 2020, a non-profit group called the Commonwealth raised the alarm. The fact is that many families faced with unemployment during the pandemic can expect unpleasant surprises in the tax season. According to the analysis, they risk losing up to 80% of their tax refunds. More ...
The U.S. Internal Revenue Service (IRS) will begin accepting returns for 2020 on February 12. We will tell you what you need to do to submit your tax return on time and without errors. Check if you received income documents In January or February you should receive forms, ...
While many couples see their tax bills decrease after they get married, some face a “marriage penalty,” meaning they pay more taxes than if they were unmarried and registered as individual taxpayers. Why…
Tax season begins on February 12, but some taxpayers can already start doing their 2020 taxes, USA Today writes. The Free File Alliance is an IRS program that partners with private companies to provide free tax preparation to millions of filers...
Everyone hopes that 2021 will be very different from the previous one. When it comes to income taxes in 2021, the IRS is not planning a major change, but even without a major tax reform, there will be changes. Fool talks about ...
Like everything else related to 2020, the filing of tax documents for this period will also not be the same as always, writes ABC News. It's time to think about taxes and what can be done now to control the situation. ...
The Internal Revenue Service (IRS) needs to process about 1 million more tax returns. A similar delay caused by the crisis and teleworking during the COVID-19 pandemic. Writes about this Fox Business. As of November 20, the IRS processed about 162,4 million of the received ...
Some taxpayers recently received a chilling letter from the IRS warning that the federal tax inspector will confiscate state income tax refunds, writes CNBC. As recently as this fall, the IRS issued a so-called "Tax Intent Notice" to ...
Cryptocurrency traders receive letters from the Internal Revenue Service (IRS) that mistakenly say they owe thousands of dollars in taxes due to inconsistencies in tax forms. Fox News reported on this in more detail. CryptoTrader.tax company providing software and tax calculator for ...
After the end of the pandemic, the US Internal Revenue Service (IRS) will track and come home to people with high incomes (above $ 100 thousand per year), if there is reason to suspect them of tax evasion. Read more about what the IRS will do, the edition told ...