If an individual can’t pay a tax bill in full by the April 15, 2024, due date, there are ways to ease the burden. The taxpayer may be able to enter into a written...

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Do you have a health flexible spending account, health savings account or similar plan through your employer? The IRS is warning about misinformation that could lead to serious mistakes. Non-medical nutrition, wellness and exercise...

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When it comes to tax filing, the correct status to claim isn’t always obvious. Suppose the parents of a young child live together but were never married. Both contribute to the cost of...

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Third-party settlement services are popular because of how convenient they are to use. These services include payment apps, such as Venmo, and online marketplaces, such as eBay. However, if you cross certain transaction thresholds,...

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Filing an accurate tax return can require higher-than-usual attention to detail and it’s relatively easy to miss something. Case in point: The IRS reports it has received and is rejecting an increased number of...

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The Recovery Rebate Credit is a refundable tax credit for individuals who missed out on one or more Economic Impact Payments. These were initially issued in 2020 and 2021 to provide relief during the...

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Tax filing season is underway. If you’ve filed your federal tax return and are wondering when you might receive your refund, check out the IRS’s enhanced Where’s My Refund? online tool. It provides...

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Can posting on social media be evidence in a tax dispute? In one case, the U.S. Tax Court said yes. The court allowed the IRS to present a woman’s blog posts as evidence. The...

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If you’re due a tax refund and are reluctant to receive it by direct deposit, here’s a reason to reconsider. The Financial Crimes Enforcement Network (FinCEN) has reported a surge in check fraud schemes...

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If you have an Individual Taxpayer Identification Number (ITIN), make sure it’s current before you file your taxes. In general, certain nonresident and resident aliens, their spouses and dependents who aren’t eligible for Social...

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