Tax Time Guide: IRS reminder to report all income; gig economy and service industry, digital or foreign assets and sources
The Internal Revenue Service reminds taxpayers of their reporting and potential tax obligations on income from the gig economy and service industry, transactions from digital assets, and foreign sourc ...
IRS: May 15 tax deadline extended to Oct. 16 for disaster area taxpayers in California, Alabama and Georgia
Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16, 2023, to file various federal individual and business tax returns and make tax payments, the Inte ...
Taxpayers can now upload more documents to IRS; new online option for 9 notices can help resolve issues faster
The Internal Revenue Service announced today that taxpayers who receive certain notices requiring them to send information to the IRS now have the option of submitting their documentation online throu ...
New IRS feature allows taxpayers electronically filing amended returns to choose direct deposit to speed refunds
In the latest improvement for taxpayers, the Internal Revenue Service announced today that people electronically filing their Form 1040-X, Amended U.S Individual Income Tax Return, will for the first ...
Key points to keep in mind when filing 2022 tax returns
To help taxpayers navigate the beginning of the tax filing season, the Internal Revenue Service today offered a checklist of reminders for people as they prepare to file their 2022 tax returns. From ...
Your tax refund may be smaller this year. Here’s why
Official tax-filing season kicks off Monday, January 23, and it may hold some surprises for your wallet. So, whether you expect to file your 2022 federal income tax return right away or wait until th ...
Check tax withholding now to avoid paying future quarterly estimated payments
The Internal Revenue Service reminds taxpayers who earn wages to use the Tax Withholding Estimator now to adjust their 2023 withholding. People's tax situations occasionally change through marriage or ...
IRS sets January 23 as official start to 2023 tax filing season
The Internal Revenue Service today announced Monday, January 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns. More ...
Final 2022 quarterly estimated tax payment due January 17
Many taxpayers make quarterly estimated tax payments during the year to stay current on their taxes, but many who should overlook this step. The Internal Revenue Service today urged those who paid too ...
IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K
The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. As a result of this delay, ...