Hurricane Fiona victims in Puerto Rico qualify for tax relief
WASHINGTON — 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 offering relief to any area designated...
IRS Free File available through Oct. 17 but, taxpayers shouldn’t wait
Taxpayers 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 File remains available through the...
Got a letter or notice from the IRS? Here are the next steps
When the IRS needs to ask a question about a taxpayer's tax return, notify them about a change to their account, or request a payment, the agency often mails a letter or notice to the taxpayer. Getting mail from the IRS is not a cause for panic but, it should not be ignored either....
People who haven’t filed a 2021 tax return should e-file to avoid mistakes
Summer is winding down and the filing deadline for people who requested an extension is quickly approaching. Everyone who still needs to file a 2021 tax return should do so as soon as possible. Don't wait until the deadline to electronically file a complete — and accurate — return...
$1.2 billion in IRS penalty relief refunds coming for certain 2019 and 2020 tax returns
COVID Tax Tip 2022-139, September 12, 2022 To help struggling taxpayers affected by the COVID-19 pandemic, the IRS recently issued Notice 2022-36, which provides penalty relief to most people and businesses who filed certain 2019 or 2020 returns late. To qualify for this relief, any...
How Your Taxes Will Change if You’re Laid off Due to the Recession
There’s been a lot of talk about a looming recession, and you may be concerned about what that means for you. During a recession, you’re at greater risk of losing your job and the benefits that come with it – your income, health insurance and retirement savings. Some...
Can You Really Prepare and File Your Taxes for Free?
At tax time, you’re bombarded with ads for free tax returns. It’s everywhere – your TV, billboards, social media, and even the Super Bowl. Even if you’ve never tried online tax filing before, those “free free free” commercials have probably at least piqued your interest...
Messed Up Your Taxes? Don’t Worry, File an Amended Return Now
Realizing that you made a mistake on your taxes after you’ve already filed is a scary feeling. Here you were just trying to save money by doing it yourself and now you have a big mess on your hands. Don’t worry, most tax mistakes can be easily corrected by filing an...
Hurricane Fiona victims in Puerto Rico qualify for tax relief
WASHINGTON — 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 offering relief to any area designated...
IRS Free File available through Oct. 17 but, taxpayers shouldn’t wait
Taxpayers 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 File remains available through the...
Got a letter or notice from the IRS? Here are the next steps
When the IRS needs to ask a question about a taxpayer's tax return, notify them about a change to their account, or request a payment, the agency often mails a letter or notice to the taxpayer. Getting mail from the IRS is not a cause for panic but, it should not be ignored either....
People who haven’t filed a 2021 tax return should e-file to avoid mistakes
Summer is winding down and the filing deadline for people who requested an extension is quickly approaching. Everyone who still needs to file a 2021 tax return should do so as soon as possible. Don't wait until the deadline to electronically file a complete — and accurate — return...
$1.2 billion in IRS penalty relief refunds coming for certain 2019 and 2020 tax returns
COVID Tax Tip 2022-139, September 12, 2022 To help struggling taxpayers affected by the COVID-19 pandemic, the IRS recently issued Notice 2022-36, which provides penalty relief to most people and businesses who filed certain 2019 or 2020 returns late. To qualify for this relief, any...
How Your Taxes Will Change if You’re Laid off Due to the Recession
There’s been a lot of talk about a looming recession, and you may be concerned about what that means for you. During a recession, you’re at greater risk of losing your job and the benefits that come with it – your income, health insurance and retirement savings. Some...
Can You Really Prepare and File Your Taxes for Free?
At tax time, you’re bombarded with ads for free tax returns. It’s everywhere – your TV, billboards, social media, and even the Super Bowl. Even if you’ve never tried online tax filing before, those “free free free” commercials have probably at least piqued your interest...
Messed Up Your Taxes? Don’t Worry, File an Amended Return Now
Realizing that you made a mistake on your taxes after you’ve already filed is a scary feeling. Here you were just trying to save money by doing it yourself and now you have a big mess on your hands. Don’t worry, most tax mistakes can be easily corrected by filing an...
Hurricane Fiona victims in Puerto Rico qualify for tax relief
WASHINGTON — 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 offering relief to any area designated...
IRS Free File available through Oct. 17 but, taxpayers shouldn’t wait
Taxpayers 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 File remains available through the...
Got a letter or notice from the IRS? Here are the next steps
When the IRS needs to ask a question about a taxpayer's tax return, notify them about a change to their account, or request a payment, the agency often mails a letter or notice to the taxpayer. Getting mail from the IRS is not a cause for panic but, it should not be ignored either....
People who haven’t filed a 2021 tax return should e-file to avoid mistakes
Summer is winding down and the filing deadline for people who requested an extension is quickly approaching. Everyone who still needs to file a 2021 tax return should do so as soon as possible. Don't wait until the deadline to electronically file a complete — and accurate — return...
$1.2 billion in IRS penalty relief refunds coming for certain 2019 and 2020 tax returns
COVID Tax Tip 2022-139, September 12, 2022 To help struggling taxpayers affected by the COVID-19 pandemic, the IRS recently issued Notice 2022-36, which provides penalty relief to most people and businesses who filed certain 2019 or 2020 returns late. To qualify for this relief, any...
How Your Taxes Will Change if You’re Laid off Due to the Recession
There’s been a lot of talk about a looming recession, and you may be concerned about what that means for you. During a recession, you’re at greater risk of losing your job and the benefits that come with it – your income, health insurance and retirement savings. Some...
Can You Really Prepare and File Your Taxes for Free?
At tax time, you’re bombarded with ads for free tax returns. It’s everywhere – your TV, billboards, social media, and even the Super Bowl. Even if you’ve never tried online tax filing before, those “free free free” commercials have probably at least piqued your interest...
Messed Up Your Taxes? Don’t Worry, File an Amended Return Now
Realizing that you made a mistake on your taxes after you’ve already filed is a scary feeling. Here you were just trying to save money by doing it yourself and now you have a big mess on your hands. Don’t worry, most tax mistakes can be easily corrected by filing an...
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