Category: IRS
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University students and staff should be aware of IRS impersonation email scam
People should be aware of an ongoing IRS-impersonation scam that appears to target educational institutions, including students and staff who have .edu email addresses. The suspect emails display the IRS logo and use various subject lines, such as Tax Refund Payment or Recalculation of your tax refund payment. It asks people to click a link…
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#IRS Now Speaks Multiple Languages
IRS expands help to taxpayers in multiple languages with new forms, communication preferences WASHINGTON — The Internal Revenue Service today said that it continues its efforts to expand ways to communicate to taxpayers who prefer to get information in other languages. For the first time ever, the agency has posted to IRS.gov a Spanish language…
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Taxpayers must report gig economy income on their tax return
In 2020, many people joined the gig economy to help make ends meet during the pandemic. Whether it’s a side business or a primary source of income, all taxpayers need to understand how their gig work affects their taxes.
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#IRS Free File
IRS Free File can save families money Families are often looking for ways to save money. One way they can do this is by using IRS Free File to do their taxes. Free File offers online tax preparation, direct deposit of refunds and electronic filing, at no cost. Not only can IRS Free File save…
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Treasury issues millions of second Economic Impact Payments by debit card
Treasury issues millions of second Economic Impact Payments by debit card Starting this week, the Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card. These EIP Cards follow the millions of payments already made by direct deposit and the ongoing mailing of paper…
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Connecticut 3-month tax Deferment
Connecticut residents, businesses get 3-month tax deferment due to pandemic. Connecticut residents, businesses and landlords will now get an extra three months to pay their taxes in the state due to the pandemic. Read more…
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Challenge the IRS
Taxpayers have the right to challenge the IRS’s position and be heard. This is part of Taxpayer Bill of Rights, which clearly outlines the fundamental rights every taxpayer has when working with the IRS. Taxpayers have the right to: Raise objections. Provide additional documentation in response to formal or proposed IRS actions. Expect the IRS…
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#Tax Reporting
Business, Accounting, Tax Reporting for Sole Proprietors, Partnerships, LLCs, and Corporations Paying taxes and reporting income for your company are very important jobs, and how you complete these tasks properly depends on your business’s legal structure. From sole proprietorships to corporations and everything in between, this discussion briefly reviews business types and explains…
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#Stimulus – If You Have Not Filed a Tax Return
If you don’t usually file a tax return, or didn’t file a return for 2018 or 2019, you might not know you could qualify for an economic impact payment. You might be one of the nine million people getting a letter from the IRS letting you know how to register on their website to claim…