How to avoid fines if you fail to file your tax return on time

The deadline for filing tax returns is May 17th. If you haven't already, don't panic, even if you are short on time. Better consider extending the term. How exactly, said the publication USA Today. The IRS does not care about the reason ...

Not Everyone Will Get Coronavirus Aid This Year: Why Some Will Have To Wait For Next Tax Season

Millions of Americans are already receiving quarantine aid from a $ 1,9 trillion package that US President Joe Biden signed earlier in March. But not all types of help will be available immediately. The publication CNN told in more detail. In fact, Americans will not be able to fully ...

IRS Starts Accepting Tax Returns for 2020: Timing, Deductions and Details to Know

The unprecedented events of 2020 have changed life as much as we knew it. And many of the changes and shocks of the past year have brought about changes in your tax returns. Due to the COVID-19 crisis, there are many new and revised regulations and important dates, about ...

Submission of declarations, retirement accounts and deductions: key tax changes caused by the COVID-19 pandemic

The coronavirus pandemic has upended the entire economy and the usual way of life. In particular, it changed the rules for filing returns and other tax processes. Writes about this USA Today. Several key changes should be noted this year, some of which are intended to ease the financial burden ...

2020 tax season: filing can be delayed until October

Generally, tax returns in the United States must be filed by April 15th, but 2020 has been an exceptional year. The IRS has moved the filing deadline from April 15 to July 15, but there are other options. Writes about this ...

26 things to do now if you want to file a tax return on time

Taxes are a frustrating fact of life for most people, but planning ahead can make the task a little easier. Tax professionals and other financial experts have compiled a list of everything that needs to be done now in order to have time to file a return without any problems by April 15th. About it…

How long do you need to keep tax documents: IRS recommendations

You don't need to keep your tax returns forever, but it's wise to keep them handy for several years. Business Insider writes about it. In general, the IRS recommends keeping copies of returns for at least three years, they ...

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 ...

The IRS decided not to postpone the start of the tax season because of the shutdown

The Internal Revenue Service (IRS) announced that tax filing season will begin on January 28, and that the agency will pay refunds to taxpayers, despite the shutdown lasting in the country from December 22. The agency said it will call back to work “significant ...

Filing a tax return: in which cases an audit may be required

On April 18, the deadline for filing US tax returns expired. Last year, the Internal Revenue Service (IRS) raised an additional $ 25 billion through post-filing audits. Half of this amount was collected from individuals. The reasons for conducting an audit can be different. First ...

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