The gig economy allows people to earn income by using technology to arrange transactions. This could include performing rideshare services or deliveries, renting out property, selling goods online, or providing freelance work. Often, customers and providers of goods or services are brought together through a digital platform on an app or website. It’s important for all gig economy workers… Read More

For most individual taxpayers the tax filing and payment deadline was postponed to May 17. Those who need more time to file beyond the postponed date, can request an extension to file. Taxpayers must request an extension to file by May 17, or they may face a failure to file penalty. This extension gives them until… Read More

  Track the Status of My Refund The Internal Revenue Service (IRS) is working hard to get you your federal tax refund in a timely manner. Delays are to be expected due to the economic relief distribution, especially if you mailed a paper return or needed to make corrections to your return. Unless your tax return… Read More

During the pandemic, millions of Americans have filed for unemployment benefits due to job loss and reduced work hours. Unfortunately, scammers are taking advantage of the pandemic and fraudulently filing unemployment claims using stolen personal identity information. If you receive a 1099-G tax form  for unemployment benefits that you didn’t apply for or receive, you may be… Read More

Now that many taxpayers have filed their federal tax returns, they’re eager for details about their refund. When it comes to refunds, there are several common myths that can mislead taxpayers. Getting a refund this year means there’s no need to adjust withholding for 2021 To help avoid a surprise next year, taxpayers should make… Read More

Although payments are automatic for most people, the IRS continues to urge people who don’t normally file a tax return and haven’t received Economic Impact Payments to file a 2020 tax return to get all the benefits they’re entitled to under the law, including tax credits such as the 2020 Recovery Rebate Credit, the Child Tax… Read More

Do’s and don’ts for taxpayers who get a letter or notice from the IRS   The IRS mails letters or notices to taxpayers for a variety of reasons including if: They have a balance due. They are due a larger or smaller refund. The agency has a question about their tax return. They need to… Read More

Qué deben hacer los contribuyentes que reciben una carta o aviso del IRS El IRS envía cartas o avisos a los contribuyentes por una variedad de razones que incluyen si: Tienen impuestos no pagados. Se les debe un reembolso mayor o menor. La agencia tiene una pregunta acerca de su declaración de impuestos. Necesitan verificar… Read More

The IRS reminds foreign bank and financial account holders the FBAR deadline remains April 15 WASHINGTON — The Internal Revenue Service is reminding U.S. citizens, resident aliens and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021. The extension of the federal… Read More