Found 62 Matching Items; Displaying 21 - 30.
Tip income is taxable and must be reported
FS-2022-37, October 2022 — People who work in restaurants, salons, hotels and similar industries often receive tips for the customer service they provide. Tips can be taxable income, but it’s important for people working in these areas to understand important details involving tips.
General Information
Individuals
Understanding digital asset reporting and tax requirements
Tax Tip 2023-45, April 5, 2023 — All taxpayers filing 2022 tax year Forms 1040 and 1040-SR must check a box indicating whether they received digital assets as a reward, award or payment for property or services or disposed of any digital asset that was held as a capital asset through a sale, exchange or transfer.
General Information
Individuals
IRS reminds taxpayers they must check a box on Form 1040, 1040-SR or 1040-NR on virtual currency transactions for 2021
IR-2022-61, March 18, 2022 — The IRS reminds taxpayers that there is a virtual currency question at the top of Form 1040, Form 1040-SR and Form 1040-NR. It asks: “At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency?”
News
News Media, Individuals, Tax Professionals
IRS announces tax relief for victims of severe winter storm in New York
NY-2022-09 — Victims of severe winter storm beginning December 23, 2022, now have until April 18, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
News
Individuals, News Media, Tax Professionals
IRS announces tax relief for victims of Hurricane Ian in Florida
FL-2022-19, September 29, 2022 — Victims of Hurricane Ian that began September 23 in Florida now have until February 15, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
News
News Media, Individuals, Businesses, Tax Professionals
IRS announces tax relief for Tennessee victims of severe storms, straight-line winds and tornadoes
TN-2021-02, December 22, 2021 — Victims of severe storms, straight-line winds and tornadoes beginning December 10, 2021 now have until May 16, 2022, to file various individual and business tax returns and make tax payments, the IRS announced today.
News
News Media, Individuals, Tax Professionals, Sole Proprietors, Small Businesses
IRS announces tax relief for Alabama victims of severe storms and flooding
AL-2021-03, December 28, 2021 — Victims of severe storms and flooding beginning October 6, 2021 now have until February 28, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
News
News Media, Individuals, Tax Professionals, Businesses
IRS announces tax relief for victims of Hurricane Ian in North Carolina
NC-2022-10, October 5, 2022 — Victims of Hurricane Ian that began September 28 in North Carolina now have until February 15, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
News
Individuals, News Media, Tax Professionals, Businesses
IRS announces tax relief for victims of Hurricane Ian in South Carolina
SC-2022-06, October 5, 2022 — Victims of Hurricane Ian that began September 25 in South Carolina now have until February 15, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
News
Individuals, News Media, Tax Professionals, Businesses
IRS announces tax relief for Arkansas victims of severe storms and tornadoes
AR-2021-01, December 28, 2021 — Victims of severe storms and tornadoes beginning December 10, 2021 now have until May 16, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
News
News Media, Individuals, Tax Professionals, Businesses