With filing season beginning January 24, the Internal Revenue Service reminded taxpayers about several key items to keep in mind when filing their federal income tax returns this year. Given the unprecedented circumstances around the pandemic and unique challenges for this tax season, the IRS offers a 5-point checklist that can help many people speed… Read More

There are steps people, including those who received stimulus payments or advance child tax credit payments, can take now to make sure their tax filing experience goes smoothly in 2022. They can start by visiting the Get Ready page on IRS.gov. Here are some other things they should do to prepare to file their tax return. Gather and organize… Read More

Easy steps taxpayers can take now to make tax filing easier in 2022 WASHINGTON — The Internal Revenue Service today encouraged taxpayers, including those who received stimulus payments or advance Child Tax Credit payments, to take important steps this fall to help them file their federal tax returns in 2022. Planning ahead can help people… Read More

Because of the COVID-19 pandemic, more people are working from home than ever before. While only the self-employed are eligible for the home office deduction, it may be possible to get similar results if an employer pays or reimburses employees for these expenses. Some possible scenarios Employee expenses paid or reimbursed by an employer may… Read More

Know Your Options for Financial Help as a Landlord Both tenants and landlords faced the financial impacts of the COVID-19 pandemic. If you’re a landlord who depends on rentals to pay your mortgage, there are options you can explore to get your finances back on track. Find out from the Consumer Financial Protection Bureau (CFPB)… Read More

There are many reasons a business owner may choose to close their doors, and there are many things that must be done to go out of business. Two important steps all business owners must take are fulfilling their federal tax responsibilities and informing the IRS of their plans. The closing a business page of IRS.gov is designed… Read More

Understanding the tax responsibilities that come with starting a business. Small business owners have a variety of tax responsibilities. The IRS knows that understanding and meeting tax obligations is vital to the success of all businesses, especially a new one. IRS.gov has the resources and information to help people through the process of starting a new… Read More

Taxpayers can find answers to questions about payments and penalties on IRS.gov Taxpayers can find answers to most questions about tax payments and penalties on IRS.gov. The Let Us Help You page, features links to information and resources on a wide range of topics related to penalties and payments. Payments Payment options • This page lays out… Read More