Tax-related identity theft occurs when someone uses your personal information, such as your Social Security number (SSN), to file a tax return. Although tax identity theft is less prevalent than other types of identity theft, it can still cause some major headaches and take some time to resolve. To help reduce your chances of becoming…
Each year, employers are required by law to send your W-2 by January 31. This form includes all taxable wages paid to you during the previous year, as well as the taxes withheld. The form will be sent in either digital or paper form. A copy is also sent to the IRS. If a business…
When does IRS Test Batch/ HUB Testing start in 2022? The IRS has announced that the 2022 tax filing season will begin on Monday, January 24, 2022. Tax preparation companies will be participating in the controlled launch of the e-file system (HUB Testing) with the IRS between the dates of Tuesday, January 18 – Friday,…
IRS Free File – online tax preparation products available at no charge – January 14, 2022, giving taxpayers an early opportunity to claim credits like the Recovery Rebate Credit and other deductions, the Internal Revenue Service announced. Most taxpayers can get an early start on their federal tax returns as IRS Free File – featuring brand-name online…
The Internal Revenue Service today issued frequently asked questions (FAQs) for the 2021 Recovery Rebate Credit. Individuals who did not qualify for, or did not receive, the full amount of the third Economic Impact Payment may be eligible to claim the 2021 Recovery Rebate Credit based on their 2021 tax year information. Individuals may have…
National Taxpayer Advocate Erin M. Collins released her 2021 Annual Report to Congress, calling the calendar year 2021 “the most challenging year taxpayers and tax professionals have ever experienced.” The report says tens of millions of taxpayers experienced delays in the processing of their returns, and with 77 percent of individual taxpayers receiving refunds, “processing delays…
To get an IRS IP PIN that is lost, forgotten, or never arrived in a CP01A Notice, use the IP PIN request portal at IRS.gov. What’s an IP PIN? The IRS IP PIN (Identity Protection, Personal Identification Number) is a 6-digit number assigned to only eligible taxpayers to help prevent the misuse of their Social Security number on fraudulent…
Child tax credit recipients need to be on the lookout for this letter from the IRS, which has started arriving in mailboxes. In January 2022, the IRS will send out these letters to households. Letter 6419 will serve as a reminder to log into your IRS tax account and make sure the advance Child Tax…
The deadline for tax returns to be filed is Monday, April 18 this year, three days later than the normal April 15 deadline for filing taxes. The later date is a result of an Emancipation Holiday in the District of Columbia. By law, in Washington, D.C., holidays impact tax deadlines for everyone the same way…
The Internal Revenue Service today updated frequently-asked-questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit to help eligible families properly claim the credit when they prepare and file their 2021 tax returns. This extensive FAQ update (FS-2022-03) PDF includes multiple streamlined questions for use by taxpayers and tax professionals and is being issued…
