IRS Offers New Identity Protection for Taxpayers
In the past, the IRS has assigned verification numbers to victims of identity theft to file their tax returns, if requested by the victimized individual. These
IRS
Beware: These Tax Return Red Flags Could Catch the Eye of the IRS
Receiving an audit notification can be a scary thing for any taxpayer. Here are some of the tax return red flags that could spark the interest of the IRS.
What Happens if I Receive an IRS CP2000 Notice?
If you receive an IRS CP2000 notice (also known as an underreporter inquiry) in the mail, don’t panic. First step: contact our office. We’ll help yo
Ready for the 1099-NEC?
The Internal Revenue Service has resurrected a form that has not been used since the early 1980s, Form 1099-NEC (the NEC stands for non-employee compensation).
Still Waiting for the IRS to Cash Your Check?
During the COVID-19 pandemic, the IRS has furloughed many of its employees or had them work from home to mitigate the spread of the virus. Many IRS offices rema
Here’s What Could Happen If You Try to Short-Change the IRS
Some refer to it as “creative accounting” or just “a little fudging here and there,” but if your tax return is missing some income that
Unraveling the Economic Impact Payment Confusion
Millions of Americans have already received their economic impact payments authorized by the Coronavirus Aid, Relief, and Economic Security (CARES) Act. If you
When Will I Get My Stimulus Check?
The IRS has already sent out 80 million stimulus payments to taxpayers that included their direct deposit information on their most recently filed 2019 or 2018
Congress Removes IRA Contribution Age Restriction
In the past, unlike Roth IRAs, which have no age restriction associated with making a contribution, taxpayers were unable to make a traditional IRA contribution
No Employees This Quarter? You Still May Need to File IRS Form 941
As an employer, you have plenty of obligations when it comes to filing taxes. Among these is the need to file IRS Form 941, the Employer’s Quarterly Feder