Determining the correct tax filing status isn’t always straightforward. That’s especially true if the parents of a young child live together and aren’t married. Can both parents claim the more favorable head of household...

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If you have assets that include foreign bank or financial accounts, you may be required to file a Report of Foreign Bank and Financial Accounts (FBAR) by April 15. Specifically, those who must file...

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With the tax due date of April 15 just around the corner, taxpayers who owe taxes may be feeling a pinch. The IRS offers several ways to pay, including by check, electronic funds transfer...

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Are you filing your 2024 income tax return electronically? If not, why not? Filing and paying tax online is quick and safe. Recent federal government turmoil, including IRS layoffs, may lead to slower tax...

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Did you or someone you know miss filing a 2021 tax return? If so, and if you were expecting a refund, time’s running out. The deadline to file and claim a 2021 tax year...

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If you inherited a traditional IRA account after 2019 from someone other than a spouse, you may need to start taking required minimum distributions (RMDs), even if you’re nowhere near age 73. Some IRA...

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Did you know that the IRS has information and tax forms translated into seven languages other than English on its website? Taxpayers can select their preferred language at the top of this page: https://bit.ly/3ICUO0V....

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For taxpayers who are due refunds but are still reluctant to receive them by direct deposit, it might be time to reconsider. The Financial Crimes Enforcement Network (FinCEN) statistics showed that paper check fraud...

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A reminder for businesses: Use IRS Form 8300 to report cash transactions of $10,000 or more within 15 days of a transaction. If you file electronically, the forms are delivered to the Financial Crimes...

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Tax returns are generally due on April 15, or the next business day if the 15th falls on a weekend or legal holiday. But does that mean a taxpayer can just drop a return...

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