This year has seen many unprecedented financial moments—stimulus checks, record high unemployment claims, and government sponsored programs designed to help small businesses remain afloat, to name a few—so there are bound to be some things American filers find themselves dealing with for the first time in January 2021. This is why many tax experts say that now is the time to start getting your financial ducks in a row.

Tax filings for 2021 reveal Prince Harry and Meghan Markle's Archewell - which was almost entirely funded by a combined $13m donation from two wealthy donors.

Many parents could toss a key tax-related letter from the IRS relating to child tax credit payments in 2021. Here's what IRS Letter 6419 looks like.

The IRS warns taxpayers who have not yet filed their tax returns, that higher penalties will be imposed if they file after September 14. Further, taxpayers ...

Thinking about the upcoming tax season and not sure whether you can handle your return on your own or will need professional help? H&R Block has several tax filing options, whether you want to DIY or turn your tax return over to a professional, virtually or in person. Here’s our take on H&

You can file your tax return online for free using any of these online tax services before the IRS deadline.

Explore the best tax software for estates and trusts with our comprehensive guide. Simplify your tax needs with user-friendly solutions and expert tips.

Get your taxes done right and your maximum refund No need to know taxes, answer simple questions and TurboTax does the rest Extra help to maximize 350+ deductions and credits Five federal e-files included One State download, state e-file additional

IRS Announces 159 Million Economic Impact Payments Processed; Low-Income People and Others Who Aren’t Required to File Tax Returns Can Quickly Register For Payment With IRS Non-Filers Tool

2021 was a record-breaking year for crypto. Here is how to file your taxes.

If you're a surviving spouse or estate executor for someone who died in 2021 follow IRS rules to file a final income tax return, take RMDs and more.

The Internal Revenue Service says taxpayers should expect limited face-to-face operations, heavy call volume and paper-processing delays.

Here’s who should file IRS Schedule C in 2023, how to fill it out and a few things to remember — plus tips and tricks that could save you money and time.

Money experts give us tips on filing taxes in Canada in 2021, including what to do if you received CERB or worked from home

Now that tax season is underway, are you wondering whether working from home means a bigger bill this year or maybe a tax break? We have the answers.

Yay tax season is so much fun...right? Haha these emotis are perfect for marking filing taxes or doing other paperwork! Copyright © TheCoffeeMonsterzCO 2022

The IRS has reminded taxpayers that the fastest way to get their tax refund is by filing electronically and choosing direct deposit. Further, eight out of t ...

2021 Tax filing season is starting 12th February, but the online allotment of IP PIN (Identity Protection Pin) through IRS website started from 15th January

Tax filers need to know what's different this year, considering that from PPP loans to disaster relief checks, 2020 was a year turned upside down by a pandemic.

Your income tax brackets and rates are based on your filing status and taxable ordinary income. Use the info here to calculate your tax bill.

Ector property tax protests saved owners over $12 million in 2021. Owners won savings of $6 million in informal appeals, $6 million in ARB hearings.

How you file taxes on your Mary Kay business depends on whether your activities constitute self-employment or hobby income. Self-employed consultants must file Schedule C of form 1040, whereas hobby income is reported on line 8 of Form 1040 with expenses not able to be deducted at this time.

It’s the IRS tax reporting time again and there’s something you should know — the IRS requires your company to file Form 1099-NEC Online (Non-Employee Compensation) to report non-employee compensation by the due date of 31-Jan-2022. If your business paid an independent contractor more than $600 this year for services provided to your company in 2020, […]

The IRS will start sending out child tax credits in summer 2021.

I know first hand the importance and challenges of keeping good records when it comes to having a home based business. That's why I'm happy to share with you this post from Lisa Woodruff who has a great resource for you, and she's offering it at a 50% discount

If you’re like many Americans, you may have tax returns from a decade ago languishing in your filing cabinet. But you don’t need to hold on to tax documents for as long as you might think. In almost all cases, you can shred or throw away any documents such as W-2s, 1099s or other forms […]

Soaring inflation. The war in Ukraine. Yet another rise in Covid cases. With so much going on this year it’s been hard to focus on things like filing your taxes.

​Here’s a secret: You’re probably worrying about them too much​

Taxes are complicated, but once you add the self-employed element it goes to a whole new level. Luckily, there are a lot of tax resources for freelancers

Image by Gerd Altmann from Pixabay Each year, the Treasury Department's Office of Tax Policy and the Internal Revenue Service formulate a Priority Guidance Plan that focuses resources on issues that are most important to taxpayers and tax administration. One of the main goals of the guidance plan is to increase voluntary taxpayer compliance by helping to clarify ambiguous areas of the tax law. So working off the annual guidance plan, the IRS issues regulations, revenue rulings, revenue procedures, notices, and other published administrative guidance. The 2021-2022 Priority Guidance Plan, released on Sept. 9, contains 193 guidance projects. The list...

Imagine having filed and paid your taxes on time, then months later you get a notice in the mail from the IRS suggesting you didn’t. That’s what’s happening to many taxpayers this year thanks to automated notices being sent out from a backlogged IRS.

Use this checklist to help make filing your taxes as efficient and convenient as possible.

Tax time can be super stressful! These practical tax tips will help you get organized and prepared for a stress-free tax season!

Spread the love Using your phone or tablet camera, you can scan tax documents and save them onto your device.…