Be alert: scammers sometimes use stolen Social Security numbers to file fraudulent tax returns and collect refunds. To prevent this, the IRS scans every tax return for signs of fraud. If the system finds a suspicious tax return, [...]

Good news for small business owners — improvements to IRS phone service and online options are coming as a result of the Inflation Reduction Act. These customer service upgrades will make it easier and more convenient to file online [...]

Good news: homeowners who make improvements like replacing old doors and windows, installing solar panels, or upgrading t water heater may qualify for home energy tax credits. They should know what these credits can do for them – and be [...]

Not all third-party payroll service providers are created equal. A trusted, qualified company can help keep businesses secure and tax compliant. An unreliable or fraudulent company can lead to missed deposits, theft, or returns not being filed. Watch Out While [...]

Sometimes the line between having a hobby and running a business can be confusing, but knowing the difference is important because hobbies and businesses are treated differently when filing a tax return. The biggest difference between the two is that [...]

Unscrupulous tax preparers and tax fraud promoters make big promises – and charge high fees – but taxpayers are legally responsible for what's on their returns. Taxpayers should use only reputable tax professionals and know what is on their tax [...]

Uh, oh ... Taxpayers who missed the recent April filing and payment deadline should know their obligations and the possible consequences if they don't file or have an overdue tax bill. Taxpayers Who Owe Tax Tax owed and not paid [...]

The IRS works to make sure taxpayers pay no more than the correct amount of tax. Taxpayers have the right to pay only the amount of tax legally due, including interest and penalties, and to have the IRS apply for all [...]

Taxpayers can avoid common errors on their federal tax returns and get their refund sooner by ensuring they are complete, accurate, and error-free. They should follow the tips below for a smoother filing process, according to a news release. Gather [...]

Taxpayers need to file a federal tax return that has a complete and correct reporting of their income – which may mean including income from sources other than regular wages from an employer. Income from gig economy activities and tip [...]

Once people complete and file their tax return, many of them eagerly await any refund they may be owed. Knowing facts from fiction can help manage expectations as they wait for their money, no matter how a taxpayer plans to [...]

The Internal Revenue Service reminded retirees who turned 72 during 2022 that, in most cases, Saturday, April 1, 2023, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s, and similar workplace retirement plans. The payments, [...]