It is finally here — today is Tax Day. Some of us have filed our returns while others are scrambling. For those of us rushing to get their returns in order, the following can help:
The Internal Revenue Service (IRS) recently reminded taxpayers that even those living abroad likely need to file paperwork this tax season. In some cases, the government may require taxpayers file additional paperwork.
The Internal Revenue Service (IRS) is working through tax filings and anticipates many more as the April 15 tax deadline quickly approaches. The agency recently released a publication aimed at dispelling many myths about tax refunds that are getting circulated through social media platforms.
The Internal Revenue Service (IRS) will likely increase its focus on taxpayers who work in the gig economy.
Researchers are starting to analyze data for 2018 tax returns. This tax year is the first that used the new tax law, the Tax Cuts and Jobs Act (TCJA) — a tax law that was supposed to result in a reduced tax obligation for the majority of Americans.
On December 28, 2018, the Tax Court website announced that it would remained closed until further notice. For those who had hearings scheduled or filing deadlines in January there has been uncertainty.
An offer in compromise is, essentially, an offer to pay off a tax bill for a lower amount than is due. In exchange for receiving some payment, the Internal Revenue Service (IRS) forgives the remaining debt.
The Internal Revenue Service (IRS) requires those who do not have a social security number but still have tax obligations to file taxes using an Individual Taxpayer Identification Number (ITINs). These numbers
Determining tax obligations is rarely an easy task, but it is likely to be even more difficult for the 2018 tax year. The passage of the Tax Cuts and Jobs Act (TCJA) led to major changes in the tax code. Some of these changes are relatively obvious to navigate, others are extremely complicated.
President Donald Trump pushed major tax reform into law at the end of 2017. These changes to the tax code will impact tax filings for the 2018 tax year. It is very likely that the changes will impact most small businesses throughout the country.