Apr 1, 20222 min read59. Taxpayers should file their tax returns on time to avoid costly interest and penalty feesTaxpayers should file their tax returns by the deadline even if they cannot pay their full tax bill. Taxpayers who owe taxes and don't...
Feb 21, 20221 min read55. It’s Time to Finalize your Taxes!It is now mid-January and you should be receiving all of your tax forms shortly or you may already have them. If you have everything you...
Feb 19, 20221 min readIndividual Taxes53. Low-Income TaxpayerLow-incomers needn't pay back credit overpayments. But others will have to. Families with 2021 modified adjusted gross incomes at or...
Feb 18, 20221 min read52. Protection PIN for IndividualsIRS wants more individual taxpayers to get identity-protection PINS as extra protection from tax identity theft. The IP PIN is a...
Feb 17, 20221 min readIndividual Taxes51. Child Tax Credit The monthly child credit payments aren't taxable. On your 2021 Form 1040, which you file next year, you'll reconcile the payments you got...
Jan 29, 20221 min readIndividual Taxes39. Proposal for Due Date Change for Estimated PaymentsTax pros support a bill to change the due dates for estimated tax payments CONGRESS by individuals. Currently, estimated payments are due...
Jan 26, 20221 min readIndividual Taxes36. Tax Season OverviewLet's take a look at the 2021 filing season. Millions of individuals still await refunds from timely filed 2020 tax returns. As of Sept....