Announcement
August 10 – Report Tips to Employer
If you are an employee who receives tips in the United States and your total tips for the month of July are $20 or more, you are required to report…
Read MoreAugust 2023 Individual and Business Tax Due Dates
August 2023 Individual Due Dates August 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during July,…
Read MoreClaiming 2019 Tax Refund: July 17, 2023 Is the New Deadline
Taxpayers usually have three years to file and claim their tax refunds. The three-year deadline for filing 2019 returns to claim a refund was in 2022, but the IRS postponed…
Read MoreShould I Watch Out for Employee Retention Credit Scams?
Yes, you should definitely watch out for Employee Retention Credit (ERC) scams. The ERC is a government program introduced to provide financial relief to businesses affected by the COVID-19 pandemic.…
Read MoreAre You Missing Out on the Increased Child Tax Credit?
Article Highlights: American Rescue Plan Act 2021 Enhanced Child Tax Credit Credit Phaseout Advance Payments TIGTA Report Millions Entitled to But Did Not Receive the Credit Credit Still Available to…
Read MoreThe Deadline to Sign Up for Monthly Child Tax Credit Payments Is November 15
Most families are already signed up! If you’ve filed tax returns for 2019 or 2020, or if you signed up with the Non-Filer tool last year to receive a stimulus…
Read MoreThe IRS Non-filer Tool Is Now Closed
The tool is closed and it will not be available for other payments including the second Economic Impact Payment or the Recovery Rebate Credit. Economic Impact Payments were an advance payment of…
Read MoreForms W-2 and 1099-NEC: Deadlines, Extensions, and Penalties
Businesses that hire employees and non-employee contract workers must give them end-of-year tax information, with W-2 forms going to employees and 1099-NEC forms to non-employees. This information also must be…
Read MoreWhat Types of Deductions Qualify for Itemized Bunching?
Bunching can work with any expense that you can itemize, but you need to be able to control when you incur these expenses. That typically leads people to bunch expenses in three key areas: Property…
Read MoreMaximizing Tax Benefits by “Bunching” Charitable Contributions
The Tax Cuts and Jobs Act (TCJA) became law in December 2017. Most of the law’s changes were implemented in 2018 and are scheduled to sunset after 2025. Under the…
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