As the tax-filing season approaches, the Internal Revenue Service cautions taxpayers not to rely on receiving their refund by a certain date, especially when making major purchases or paying bills. Some tax returns may require… Important things to know about tax refunds
It’s that time of year when taxpayers are thinking about how they want to give back, and many taxpayers will want to donate to a charity that means something to them. The IRS has a… How taxpayers can make sure their donations are tax-deductible
Taxpayers with individual taxpayer identification numbers should find out if their number expires this year. If it does, they should renew it now to avoid delays with their refund when they file their taxes next year. An… It’s time again for folks to renew their ITINs…here are some things to remember
Your notice or letter will explain the reason for the contact and give you instructions on how to handle the issue. If, when you search for your notice or letter using the Search on the… Understanding Your IRS Notice Or Letter
If you are a divorced or separated parent with children, a commonly encountered but often misunderstood issue is who claims the child or children for tax purposes. This is sometimes a hotly disputed issue between… Who Claims the Kids after Separation: You or Your Ex?
With the tax filing season quickly approaching, the Internal Revenue Service recommends taxpayers take time now to determine if they are eligible for important tax credits. Earned Income Tax Credit The Earned Income Tax Credit (EITC) is… Important things to know about Tax Credits
The agency and the tax-collection system it oversees are on the brink of catastrophic collapse. Anyone who deals with the IRS on a regular basis knows that the agency is in trouble: IRS employees are… The IRS is Stretched to its Breaking Point
Adjust withholding The IRS urges everyone to use the Tax Withholding Estimator to perform a paycheck or pension income checkup. This is even more important for those who received a smaller refund than expected or… Get Your Tax Information ready early to Avoid Surprises
Are you unable to pay your taxes before the fast-approaching filing deadline? Are your tax bills amounting to an outrageous sum that you cannot be able to clear in time? Whatever the case, pending bills,… What To Do If You Owe Taxes and You Can Not Pay By The Deadline
If your tax return for last year has been completed and filed, you are probably thinking about getting rid of the tax records related to that return. On the other hand, if you are afraid… How Long Should You Keep Old Tax Records