Found 62 Matching Items; Displaying 31 - 40.
IRS announces tax relief for Illinois victims of severe storms, straight-line winds, and tornadoes
IL-2021-07, 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 Internal Revenue Service announced today.
News
News Media, Individuals, Tax Professionals, Businesses
Good recordkeeping year-round helps taxpayers avoid tax time frustration
Tax Tip 2022-183, November 30, 2022 — Wading through a pile of statements, receipts and other financial documents when it’s time to prepare a tax return can be frustrating for people who haven’t managed their records. By knowing what they need to keep and how long to keep it, people can develop a good recordkeeping system year-round and make filing their return easier.
General Information
Individuals
IRS announces tax relief for Kentucky victims of severe storms, straight-line winds, flooding and tornadoes
KY-2021-02, December 14, 2021 — Victims of severe storms, straight-line winds, flooding 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, Businesses, Tax Professionals
What people new to the workforce need to know about income tax withholding
Tax Tip 2022-94, June 21, 2022 — For many new grads and other people entering the workforce for the first time, filling out new hire paperwork can be confusing — what’s a W-4, anyway? New employees should ensure they understand their tax situation and do some planning now, so they’re in good shape at tax time next year. It’s important to know the correct amount of tax to withhold.
General Information
Individuals
When to file an Identity Theft Affidavit
FS-2022-25, April 2022 — When a taxpayer believes their personal information is being used to file fraudulent tax returns, they should submit a Form 14039, Identity Theft Affidavit, to the IRS. But in most cases, taxpayers do not need to complete this form. Only victims of tax-related identity theft should submit the Form 14039, and only if they haven’t received certain letters from the IRS.
General Information
Individuals
E-file information returns
An information return is a tax document that reports certain payments during the calendar year to the IRS and the person you paid. If you have 10 or more information returns, you must file them electronically.
General Information
Individuals, Small Businesses
IRS Free File can handle many complicated tax returns
IRS Tax Tip 2023-31, March 9, 2023 — IRS Free File helps millions of taxpayers file their federal and state tax returns for free every year. While many eligible taxpayers are already taking advantage of this tax preparation software, other taxpayers may not realize that they’re eligible to use IRS Free File – or that it can be used for complicated returns.
General Information
Individuals
There’s still time to file a 2019 tax return and claim valuable tax credits
Tax Tip 2023-73, May 30, 2023 — It’s not too late for the 1.5 million taxpayers with unclaimed 2019 refunds to claim their cash, but they need to file soon. The IRS extended the deadline for 2019 tax returns to July 17, 2023.
General Information
Individuals
Earned income and Earned Income Tax Credit (EITC) tables
Determine what counts as earned income for the Earned Income Tax Credit (EITC). Use EITC tables to find the maximum credit amounts you can claim for the credit.
General Information
Individuals
IRS Free File can help first time filers with their tax returns
Tax Tip 2023-12, February 1, 2023 — Navigating the tax return preparation process can be intimidating if you’re filing for the first time. IRS Free File can help. This program provides free tax preparation, free electronic filing and free direct deposit for eligible taxpayers.
General Information
Individuals