The Internal Revenue Service recently reminded taxpayers that they must again answer a digital asset question and report all digital asset-related income when they file their 2022 federal income tax return, as they did for fiscal year 2021. The term “digital assets” has replaced “virtual […]
Child Tax Credit Eligibility Assistant helps families determine whether they qualify for Child Tax Credit payments Update Portal helps families monitor and manage Child Tax Credit payments The Internal Revenue Service today launched two new online tools designed to help families manage and monitor the […]
The Internal Revenue Service recently encouraged taxpayers to take necessary actions this fall to help file federal tax returns timely and accurately in 2021. This is the second in a series of reminders to help taxpayers get ready for the upcoming tax filing season. A […]
IRS issued the following statement late Monday regarding balance due notices Statement: Balance Due Notice Mailings: Due Dates Extended to Help Taxpayers Due to the COVID-19 pandemic, the IRS was unable to mail some previously printed balance due notices as a result of office closures. […]
If you are divorcing or recently divorced, taxes may be the last thing on your mind. However, these events can have a big impact on your wallet. Alimony and a name or address change are just a few items you may need to consider. Here […]
If you made or received a payment during the calendar year as a small business or self-employed (individual), you are most likely required to file an information return to the IRS. Made a Payment If, as part of your trade or business, you made any […]
As the taxpayer claiming a child (or children), you need to provide documentation that the child/children actually live with you. Below is a list of documents that may be used to support that claim: School records or statement showing the child’s (your) address Landlord or […]
