If you’re new to receiving Social Security (SS) benefits, you may not know that a portion may be taxable. SS benefits include monthly retirement, survivor and disability, but not supplemental security income payments (which...

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Cybercrooks want your personal and financial data. You need to prevent them from getting it. That’s the message sent by the IRS when it reminded taxpayers to be vigilant this tax season. To prevent...

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The IRS understands that many taxpayers remain confused about claiming the Child Tax Credit (CTC) for 2021. So it has updated its CTC and advance CTC FAQs. Revisions affect several topics: CTC basics; eligibility...

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Cryptocurrency isn’t new, but when it comes to taxation, there are still many unanswered questions. One of the many complex questions about crypto is how it’s defined. It doesn’t fit neatly into a category...

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On Feb. 4, the U.S. House of Representatives passed the America COMPETES Act, which earmarks billions of dollars to domestic semiconductor research and manufacturing. But it also includes an important provision related to the...

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If you run a business and accept payments through third-party networks such as Zelle, Venmo, Square, or PayPal, you could be affected by new tax reporting requirements that take effect for 2022. They don’t...

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Scammers have been making aggressive phone calls posing as IRS agents in an attempt to steal money or personal information. But they’re also using text messages. Indeed, there’s been an uptick in text messages...

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To help you make sure you don’t miss any important 2022 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us...

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Do you have a child age 17 or older or another dependent? You can’t claim the child credit for such an individual but you may qualify for the credit for other dependents. The maximum...

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Taxpayers who didn’t receive their third Economic Impact Payment (EIP) may be eligible to claim a 2021 Recovery Rebate Credit on their tax returns based on their 2021 tax year information. The IRS said...

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