Los dueños de viviendas que hacen mejoras como reemplazar puertas y ventanas viejas, instalar paneles solares o actualizar un calentador de agua pueden calificar para créditos tributarios por energía de la vivienda. Deben saber lo que estos créditos pueden hacer por ellos, y tener cuidado con las afirmaciones exageradas que las compañías que intentan obtener su… Read More

WASHINGTON – The Internal Revenue Service reminds taxpayers that making certain energy efficient updates to their homes could qualify them for home energy tax credits. The credit amounts and types of qualifying expenses were expanded by the Inflation Reduction Act of 2022. Taxpayers who make energy improvements to a residence may be eligible for expanded home… Read More

Employer Identification Number Most business owners will need an Employer Identification Number (EIN). It’s a permanent number and can be used for most business needs, from opening bank accounts to filing a tax return by mail. Business owners can get their EIN immediately by applying online at IRS.gov at no cost. Business structure Taxpayers must decide what… Read More

It’s official—the IRS now requires employers to electronically file the following forms if they have an aggregate of 10 or more of: W-2 1099 series 1098 series W-2G 1042-S 1094 1095 series 3921 3922 8027 This requirement applies to filings for Tax Year 2023 and beyond (i.e. forms that are filed starting in 2024). Affected employers should… Read More

After someone with a filing requirement passes away, their surviving spouse or representative should file the deceased person’s final tax return. On the final tax return, the surviving spouse or representative should note that the person has died. The IRS doesn’t need a copy of the death certificate or other proof of death. Usually, the representative filing… Read More

WASHINGTON — The Internal Revenue Service today reminded people that Tax Day, April 18, is also the deadline for first quarter estimated tax payments for tax year 2023. These payments are normally made by self-employed individuals, retirees, investors, businesses, corporations and others that do not have taxes withheld or employees that don’t have enough taxes… Read More

All taxpayers filing 2022 tax year Forms 1040 and 1040-SR must check a box indicating whether they received digital assets as a reward, award or payment for property or services or disposed of any digital asset that was held as a capital asset through a sale, exchange or transfer. Examples of digital assets transactions include:… Read More