Hay algunas cosas que los propietarios de negocios deben hacer antes de cerrar su negocio. Por supuesto, tienen que cumplir con sus responsabilidades tributarias federales. También es importante notificar al IRS de sus planes. Los dueños de negocios deben seguir estos pasos al cerrar un negocio: Presentar una declaración de impuestos final y los formularios… Read More
From collecting stamps and woodworking to crafting and quilting, people have all kinds of hobbies – and most of these hobbies will never turn a profit. For hobbies that do earn income, people should know that they must report it on their tax return. They should also be mindful that their hobby might be a… Read More
Here’s what businesses need to know about the enhanced business meal deduction The IRS encourages businesses to begin planning now to take advantage of tax benefits available to them when they file their 2022 federal income tax return. This includes the enhanced business meal deduction. For 2021 and 2022 only, businesses can generally deduct the full cost… Read More
The Internal Revenue Service reminds all businesses, including self-employed and gig workers, to make estimated tax payments quarterly, and that making them electronically is fast, easy and safe. Individuals and businesses alike are required to pay taxes as income is earned or received throughout the year, either through withholding or estimated tax payments. That’s why those… Read More
Important reminders for people filing their tax return at the last minute The April deadline for filing a 2021 tax return is near, but IRS tax help is available 24 hours a day on IRS.gov. Whether filing a tax return, requesting an extension, or making a payment, the IRS website has answers to most tax… Read More
Recordatorios importantes para quienes presentan su declaración de impuestos en el último momento La fecha límite de abril para presentar una declaración de impuestos de 2021 está cerca, pero la ayuda tributaria del IRS está disponible las 24 horas del día en IRS.gov. Ya sea para presentar una declaración de impuestos, solicitar una prórroga o… Read More
What people should do if their third-round Economic Impact Payments are missing or incorrect In 2021, the IRS issued more than 175 million third-round Economic Impact Payments, totaling over $400 billion. Most eligible people already received the full amount of their credit in advance and don’t need to include any information about this payment when… Read More
Reembolso federal puede tardar más de 21 días para algunos contribuyentes El IRS emite la mayoría de los reembolsos en menos de 21 días para los contribuyentes que presentan electrónicamente y eligen el depósito directo. Sin embargo, algunas declaraciones de impuestos tienen errores o necesitan más revisión y pueden tardar más en procesarse. El IRS… Read More
The IRS reminds taxpayers that there is a virtual currency question at the top of Form 1040, Form 1040-SR and Form 1040-NR that asks: “At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency?” When to check “No”: Holding virtual currency in their own… Read More
CI pursues financial crimes like money laundering, terrorist financing, cybercrimes, and sanctions evasion—including investigating and seizing assets of Russian elites FS-2022-18, March 2022 I. Introduction IRS Criminal Investigation (CI) serves the American public by investigating potential criminal violations of the Internal Revenue Code and related financial crimes in a manner that fosters confidence in the… Read More