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IRS Announces Start Date for 2025 Tax Season
The Internal Revenue Service announced that the nation’s 2025 tax season will start on Monday, Jan. 27, 2025. Let us prepare accordingly....
DON'T BE SCAMMED
This is just a simple reminder regarding IRS notices. The IRS will only contact the taxpayer through The United States Postal Service....
2024 Tax Season Begins on January 29.
IRS schedule for the 2024 tax filing season to begin on January 29. Although, the IRS will not officially begin accepting and processing...
IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms
As a result of this delay, third-party settlement organizations will not be required to report tax year 2022 transactions on a Form...
Reporting rules changed for Form 1099-K
Taxpayers should receive Form 1099-K, Payment Card and Third Party Network Transactions, by January 31, 2023, if they received third...
Earned Income Tax Credit (EITC) Relief
If your earned income was higher in 2019 than in 2020, you can use the 2019 amount to figure your EITC for 2020. This temporary relief is...
Taxpayers can now begin filing returns
Taxpayers can now begin filing returns; but the returns will not be transmitted to the IRS until February 12. (Source:...
2020 ECONOMIC IMPACT PAYMENTS (EIP)
2020 ECONOMIC IMPACT PAYMENTS (EIP) If you received an Economic Impact Payment (EIP), you will not need to include the payment as taxable...
Are you ready for the 2020 Tax Filing Season?
Are you ready for the 2020 Tax Filing Season? IRS Form 1040 e-filing can begin on January 25, 2021; But, if you need to e-file other...
Take Advantage Of Tax Credits
This is just about the time of the year that some start looking at next year's taxes. Here are just a few of the changes that will be...
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