by ezTaxReturn Expert Staff | Nov 6, 2022 | IRS & Government
Reading Time: 3 minutesPeople who work in restaurants, salons, hotels and similar industries often receive tips for the customer service they provide. Tips can be taxable income, but it’s important for people working in these areas to understand important...
by ezTaxReturn Expert Staff | Nov 1, 2022 | IRS & Government
Reading Time: 3 minutesWASHINGTON — The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The IRS today also issued technical guidance regarding all of...
by ezTaxReturn Expert Staff | Nov 1, 2022 | IRS & Government
Reading Time: 2 minutesTaxpayers in areas covered by certain Federal Emergency Management Agency disaster declarations may have more time to file their returns to qualify for the penalty relief under Notice 2022-36 for their 2019 and 2020 tax returns. Notice 2022-36...
by ezTaxReturn Expert Staff | Oct 27, 2022 | IRS & Government
Reading Time: 3 minutesIR-2022-179, October 14, 2022 WASHINGTON — The Internal Revenue Service reminds taxpayers today that those who requested an extension of time to file their 2021 income tax return that the deadline is Monday, October 17. IRS Free File remains...
by ezTaxReturn Expert Staff | Sep 30, 2022 | IRS & Government
Reading Time: 2 minutesWASHINGTON — Hurricane Fiona victims in all 78 Puerto Rican municipalities now have until Feb. 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is...
by ezTaxReturn Expert Staff | Sep 15, 2022 | IRS & Government
Reading Time: 3 minutesTaxpayers who have not yet filed their 2021 tax return, should electronically file a complete and accurate return when they are ready, rather than wait until the last minute. For those who want to prepare their tax return themselves, IRS Free...