As a result, the IRS is currently dealing with a massive backlog of tax returns totaling millions of dollars. As a result, collection alerts have been temporarily halted. However, people who owe cash on their debts should not ignore this advice. According to Erin Collins, a Nationwide Taxpayer Advocate, a stopped notice does not always […]
The IRS is cracking down on the gig economy, considerably reducing the bar for disclosing money earned outside of established employment. However, if you haven’t been declaring your side hustle, the new law is unlikely to make you do so. Venmo and other payment apps must notify the IRS if a user makes more than
The IRS Can’t Figure Out How to Tax Gig Workers Read More »
The IRS is well aware that tax season has begun. Filing taxes need time and careful planning. You can, however, do it for free, and we’ll assist you in doing so. Thousands of users file their taxes for free. IRS Free File is a government-led collaboration with a number of tax preparation firms. It all
Irs Free File Online Options: File Your Taxes for Free with These Options Read More »
The Internal Revenue Service (IRS) has stated that the 2022 tax filing season will begin on Jan. 24, 2022. That’s when the Internal Revenue Service (IRS) will begin taking electronic and paper federal income tax returns for the 2021 tax year. It’s the third coronavirus pandemic tax filing season, and it’s likely to be more
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(CSU) – If you’re looking for a unique way to express yourself, Those who received a third stimulus check-in 2021 should expect a letter from the Internal Revenue Service in the mail shortly, with instructions on how to file their taxes. The IRS said in a statement that anybody who receives these letters should keep
Stimulus Checks: IRS Letter Explains if You Qualify for Recovery Rebate Credit Read More »
Find Out If You Qualify For The IRS Stimulus Check For 2022 Governments all across the world have been obligated to provide financial help to families and individuals in need as a result of the virus and the actions taken in reaction to it. As the likelihood of a fourth stimulus payment in the United
IRS Stimulus Check Update For 2022, Find Out If You Qualify Read More »
If you are expecting a stimulus check at the start of the year, the news is positive since it will help to alleviate some of the economic conditions and January’s downhill slope. If you are an adult on the Navajo Tribe and are qualified for help, you might get up to $2,000 in stimulus funds,
IRS Payments 2022 Update: New, Unexpected Bonus $5,200 Increases Are Being Distributed Read More »
The good news is that taxes are going up. The tax deduction for married couples filing jointly has gone up to $25,900. It was $25,000 before. For single people and people who are married but not filing jointly, the deduction went up to $12,950, and for heads of households, it went up to $19,400! The
IRS Boosts 2022 Standard Deductions for Inflation Relief Read More »
The IRS has started giving money to people who got unemployed last year. This is because the IRS said this Monday that 430,000 people are getting their money back. It is a batch of tax refunds for people who paid taxes on the benefits, which were excluded from their income last year. The IRS says
430,000 People to Receive Tax Refund From IRS Read More »
If you use cash for your business and make more than $600, the IRS will need to know. Starting on January 1, 2022, new taxes will apply to cash apps like PayPal, Venmo, and Zelle. The IRS wants to know who is using these apps and how much money they are sending. The previous threshold
New IRS Rule Will Affect Cash App Users: What to Know Read More »
