Identification: Government-issued photo ID (includes IDNYC) Social Security cards or Individual Taxpayer Identification Numbers (ITIN). ITIN determination letters (original, copy, or electronic document) and birth dates for you, your spouse, and your dependents   Proof of Income: When filing taxes electronically, filers must sign and validate their electronic tax return by entering their prior-year Adjusted… Read More

NYC Free Tax Prep for the Self-Employed                                                                                   Announced as part of Mayor Adams’ “Rebuild, Renew, Reinvent: A Blueprint for New York City’s Economic Recovery,” NYC Free Tax Prep for self-employed individuals seeks to expand the availability of free tax preparation services for gig workers, freelancers, and small business owners who often struggle to file taxes… Read More

The Employee Retention Credit was a beacon of light for failing businesses during the COVID-19 pandemic. Introduced in March 2020, it was developed to encourage employers to keep their workers during the pandemic despite the business closure. The Employee Retention Credit is 50% and 70% of qualified employee wages paid in a calendar quarter in 2020 and 2021… Read More

he due date to file 2022 Form W-2, Form W-3, and Form 1099-NEC is January 31, 2023. Employers and other businesses should be sure to make this important deadline. Form W-2, Wage and Tax Statement and Form W-3, Transmittal of Wage and Tax Statements Employers must file copy A of Form W-2 and Form W-3 with the Social… Read More

Reembolsos más rápidos mediante presentación electrónica, evitando reembolsos en papel: Para evitar demoras en los reembolsos, el IRS alienta a los contribuyentes a presentar su declaración de impuestos electrónicamente con depósito directo en lugar de presentar una declaración de impuestos en papel. Los contribuyentes pueden usar Free File del IRS en IRS.gov, otro software de impuestos o un profesional de… Read More

El Servicio de Impuestos Internos (IRS, por sus siglas en inglés) inició hoy la temporada de impuestos de 2023 con un enfoque en la mejora del servicio y un recordatorio a los contribuyentes para que presenten su declaración electrónicamente con deposito directo para ayudar a acelerar los reembolsos. Tras una apertura exitosa de sus sistemas… Read More

WASHINGTON –The Internal Revenue Service today reminded taxpayers to choose a tax return preparer with care. Even though most tax return preparers provide honest, quality service, some may cause harm through fraud, identity theft and other scams. When hiring an individual or firm to prepare a tax return, filers need to understand who they’re choosing… Read More

Most of the common errors taxpayers make on their tax returns are easily avoidable. By carefully reviewing their return, taxpayers can save time and effort by not having to correct it later. Filing electronically also helps prevent mistakes. Tax software does the math, flags common errors and prompts taxpayers for missing information. It can also help taxpayers… Read More