Tax return to the IRS, seven possible reasons why you still haven’t received your refund

Tax return to the IRS, seven possible reasons why you still haven’t received your refund

Many Americans who have already filed their taxes with the IRS this year have not received their refund money. Photo: pasja1000 / Pixabay Although the Internal Revenue Service (IRS) continues to recommend that taxpayers track refund status by tax return via tool “Where’s My Refund?”the foregoing neither speeds up the process nor explains the reason … Read more

IRS Reminds Taxpayers to Report Informal Income, Virtual Currency Transactions, and Foreign-Source Income and Assets

IRS Reminds Taxpayers to Report Informal Income, Virtual Currency Transactions, and Foreign-Source Income and Assets

Rely on the information from the Internal Revenue Service and file your return accurately. Photo: Chip Somodevilla/Getty Images The Internal Revenue Service (IRS) announced on its website that taxpayers must inform their reports and possible tax obligations if they have income from: – Work in the informal economy– Perform virtual currency transactions– Obtain income from … Read more

2021 Taxes: IRS Urges Reporting of Self-Employment, Non-U.S. Income, and Virtual Currency Transactions

2021 Taxes: IRS Urges Reporting of Self-Employment, Non-U.S. Income, and Virtual Currency Transactions

Those who have made transactions with virtual currencies must make it known to the IRS. Photo: Jack Taylor/Getty Images The Internal Revenue Service (IRS) urged all those taxpayers who work in the informal economy to provide their tax status, also those who carry out transactions in virtual currencies and those who have obtained income from … Read more

Taxes 2021: all the tax aid that you can request with your refund

Taxes 2021: all the tax aid that you can request with your refund

With the tax return, taxpayers can request financial aid from the IRS. Photo: fizkes / Shutterstock In addition to complying with tax obligations, During the tax season in the United States, taxpayers have the opportunity to apply for some financial aid with the corresponding declaration.. Although many people can qualify for them, it is important … Read more

Tax season 2021: IRS has already given 22 million refunds, an average of $3,536 per taxpayer

Tax season 2021: IRS has already given 22 million refunds, an average of ,536 per taxpayer

Many Americans are filing their taxes to receive their refund as soon as possible. Photo: ADEM ALTAN/AFP/Getty Images The Internal Revenue Service (IRS) announced that since the tax season began on January 24, it has released more than 22 million refunds, the value of which represents about $78 billion. The federal agency indicated that as … Read more

Avoid withholding too much or too little tax from your wages by using the IRS Tax Withholding Estimator tool.

Avoid withholding too much or too little tax from your wages by using the IRS Tax Withholding Estimator tool.

The IRS does not save or record the information entered into the Estimator. Photo: Nikolay Frolochkin / Pixabay One tip the IRS is giving is to check your federal income tax withholding, which you can do through the Tax Withholding Estimator on IRS.gov.which is in Spanish. This online tool helps you as an employee avoid … Read more

Millions of young, childless workers in the US may receive an additional $800 in refund from the IRS this year under extended credit in Biden’s stimulus plan

Millions of young, childless workers in the US may receive an additional 0 in refund from the IRS this year under extended credit in Biden’s stimulus plan

At least five million young, childless workers in the United States could receive up to an additional $820 in their tax refund as a result of the expansion of the Earned Income Tax Credit (EITC) contained in the American Bailout Plan of the Biden Administration. Prior to the change made in the stimulus bill, citizens … Read more

IRS temporarily suspends eight automatic notices to debtors

IRS temporarily suspends eight automatic notices to debtors

Identify the forms the IRS has sent and know what to do if you received one. Photo: SUSAN B SHELDON/Shutterstock If in the last few days you received a letter from the Internal Revenue Service (IRS) stating that you have not filed your statementEven though you did, don’t be alarmed. The agency acknowledged that, due … Read more

Tax return 2021: IRS will launch site with specific information to help in this year’s filing

Tax return 2021: IRS will launch site with specific information to help in this year’s filing

The IRS seeks to provide sufficient tools so that Americans can file their taxes quickly and efficiently. Photo: Chip Somodevilla/Getty Images To help taxpayers and tax professionals, the Internal Revenue Service (IRS) unveiled a new site that will provide details and updated information that impacts tax filing season. In a statement, the federal agency acknowledged … Read more

Taxes 2021: when the refunds are expected to arrive

Taxes 2021: when the refunds are expected to arrive

Since last year, the IRS has been understaffed and has outdated technology to process refund payments. Photo: Mark Wilson/Getty Images Unlike other years, the tax season began weeks before the traditional date, the second week of February. With this change, Americans have the opportunity to file their tax documentation early to receive their refunds as … Read more

Why there could be delays in tax refunds this year

Why there could be delays in tax refunds this year

This year the IRS will begin processing tax returns on January 24. Photo: Joe Raedle/Getty Images Tax season is just around the corner and the Internal Revenue Service (IRS) expects the agency to experience delays in the distribution of tax returns. It’s not the first year it’s happened. Last year, the agency postponed the start … Read more