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
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
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
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
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
One of the most anticipated moments of this season is the tax refund and, although some have already begun to arrive, there are thousands of taxpayers who wonder: when will it be in their pockets? If you think there is a delay in your tax refundthe first thing you should know is that you have … Read more
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
Giving out Social Security numbers wrong is one of the top mistakes taxpayers make, according to the IRS. Photo: Joe Raedle/Getty Images Remember that you must file your taxes no later than April 18, 2022. Just make sure you don’t make any mistakes when filling out the forms due to rushing or inattentiveness, as this … Read more
Many Americans were unable to receive the third stimulus check, so this tax season they can claim it. Photo: Jeff Fusco/Getty Images Those who did not receive the full amount of the third stimulus check corresponding to last year, will be able to claim it through the 2021 Refund Recovery Credit, but must file the … Read more
Twitch is one of the main social networks that allow influencers to generate profits. Photo: MARTIN BUREAU/AFP/Getty Images It is common for many Americans who have monetized social media profiles not to pay any type of tax burden to the Internal Revenue Service (IRS), but as of this year They must declare said earnings before … Read more
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
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
The IRS puts resources online to make your tax returns easy. Photo: Karolina Grabowska/Pexels This tax season, taxpayers face a series of problems due to the changes in the tax law that took place in 2021. For that reason, the IRS created a web page, with the intention that taxpayers users are aware of these … Read more
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
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
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