by admin | Apr 24, 2023 | IRS
In recent years, a growing number of illegal tax preparers have cropped up, promising clients massive tax refunds that seem too good to be true. While the lure of a large refund can be tempting, engaging in illegal tax preparation can have serious consequences for...
by admin | Mar 30, 2023 | IRS
It’s important for taxpayers to file a federal tax return that has a complete and correct reporting of their income – which may mean including income from sources other than regular wages from an employer. Income from gig economy activities and tip income are two...
by admin | Jan 25, 2023 | IRS
Most of the common errors taxpayers make on their tax returns are easily avoidable. By carefully reviewing their return, taxpayers can save time and effort by not having to correct it later. Filing electronically also helps prevent mistakes. Tax software does the...
by admin | Jan 12, 2023 | IRS
In recent years, the gig economy has changed how people do business and provide services. Taxpayers must report their gig economy earnings on a tax return – whether they earned that money through a part-time, temporary or side gig. The IRS’ Gig Economy Tax Center...
by admin | Jan 10, 2023 | IRS
WASHINGTON – The Internal Revenue Service recently completed the final corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation they received in 2020. The American Rescue Plan Act of 2021, which became law in March...