by ManagerJill | Jun 19, 2025 | Checklist, FYI, Individuals, IRS News, Tax, Tip
Summertime is common time for wedding bells to ring, and newlyweds can make their tax filing easier by doing a few things now. A taxpayer’s marital status as of December 31 determines their tax filing options for the entire year, but that’s not all...
by ManagerJill | Oct 22, 2024 | Individuals, IRS News, Tax
Photo by Nataliya Vaitkevich WASHINGTON — The Internal Revenue Service announced today the annual inflation adjustments for tax year 2025. Revenue Procedure 2024-40 provides detailed information on adjustments and changes to more than 60 tax provisions that will...
by ManagerJill | Jul 17, 2024 | Credits, FYI, IRS News, Scam Alert, Tax
WASHINGTON — The Internal Revenue Service issued a consumer alert today following bad advice circulating on social media about a non-existent “Self Employment Tax Credit” that’s misleading taxpayers into filing false claims. Promoters and social media are marketing...
by ManagerJill | Mar 21, 2024 | Checklist, FYI, Individuals, IRS News, Tax, Tip
WASHINGTON – As the April 15 filing deadline approaches, the Internal Revenue Service issued a reminder to taxpayers on ways to prevent typical errors on their federal tax returns to help speed potential refunds. Collect all tax-related paperworkTaxpayers should...
by ManagerJill | May 4, 2023 | Business, FAQ, FYI, Hobby, Individuals, IRS News, Tax, Tip
Sometimes the line between having a hobby and running a business can be confusing, but knowing the difference is important because hobbies and businesses are treated differently when it’s time to file a tax return. The biggest difference between the two is that...
by ManagerJill | Dec 23, 2022 | American Rescue Plan, FAQ, FYI, IRS News, Tax
WASHINGTON — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. As a result of this delay, third-party settlement organizations will not be...
