If you have an Employer Identification Number (EIN), you may hear from the IRS soon. Calling this a “key security issue,” the IRS announced that it will contact about 100,000 taxpayers with EINs, if...

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To a thief, your personal identity is a gold mine. That’s why the IRS is reminding the public of a free, opt-in program you can use to help protect yourself from tax-related identity theft....

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Colleges, universities, and trade schools will soon reopen. Whatever form a school takes, higher education is expensive. But the good news is, taxpayers, their spouses, or dependents who take post-high school coursework in 2021...

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If you’ve received an advance Child Tax Credit (CTC) payment that you don’t qualify for, the IRS says you should return the payment. There are certain situations where some taxpayers who don’t qualify for...

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Summer brings changes for many people, but you may not think about the tax aspects of those changes. That’s why the IRS is reminding taxpayers of a few ways that summer events could affect...

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The advance child tax credit (CTC) payments began July 15 and recipients still have the chance to opt out even if they start receiving payments. The IRS announced that families can use its Child...

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The IRS is providing more information about the advance payments of the Child Tax Credit (CTC) that will begin being made on July 15 to eligible families. On its website, the IRS explained that...

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The tax code provides a credit (of up to $7,500) to purchasers of qualified plug-in electric-drive passenger vehicles and light trucks. The IRS has added Ford, Hyundai and Porsche models to the list of...

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Do you have a hobby that’s a source of income? If so, that income must be reported on your tax return. The extent to which you can deduct expenses related to the activity depends...

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The IRS recently posted a round of frequently asked questions (FAQs) that focus on its “Online Account” system. In a nutshell, the IRS’s Online Account is a portal that allows individual taxpayers to access...

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