IRS highlights online resources during Small Business Week; many resources available in multiple languages
WASHINGTON – In support of National Small Business Week – Sept. 22 to 24 – the Internal Revenue Service is emphasizing the many IRS online resources available to help small business owners and self-employed individuals handle the tax aspects of their business.
After many years of IRS rumors, the ability to e-file an Amended U.S. Individual Tax Return (1040-X) is finally here! On August 17th the Wintax 1040 software will update to include this new capability with some IRS stipulated limitations of course. Please read the list below.
This is the second of two tips exploring the IRS Dirty Dozen tax scam list. Tax scams tend to rise during tax season or during times of crisis. Scam artists are using the COVID-19 pandemic to try to steal money and information from taxpayers.
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All tax scams put taxpayers at risk. This is the first of two tips taking a closer look at the IRS Dirty Dozen tax scam list. This year, taxpayers should be especially, watchful for aggressive schemes related to COVID-19 relief, including Economic Impact Payments.
By Catherine Dalton
Taxware Systems, Inc., Director of Sales and Marketing
These Coronavirus times find us rearranging our schedules, working in different places at different times, and changing the way we interact with our family, our friends, and our clients. Just as important and vital to the success of our business is the need to retain and improve our relevancy in this highly competitive market.
What can I do with my Economic Impact Payment on a prepaid debit card? Millions of people will get their Economic Impact Payment by prepaid debit card Issue Number: COVID Tax Tip 2020-61 Nearly four million people are being sent their Economic Impact Payment by prepaid debit card, instead of paper check. The determination of […]
Why the Economic Impact Payment amount could be different than anticipated IR-2020-93, May 11, 2020 WASHINGTON — The IRS and Treasury have successfully delivered nearly 130 million Economic Impact Payments to Americans in less than a month, and more are on the way. Some Americans may have received a payment amount different than what they […]
Employed full or part time? Unemployed? A temporary or gig worker? Retired or disabled? Receive public benefits? Have no income? Most U.S. residents – under certain income levels – will receive the Economic Impact Payment if they are not claimed as a dependent of another taxpayer and have a Social Security number.
Information continues to be released by the IRS and other agencies regarding Economic Impact Payments (EIP). We encourage you to check IRS.GOV for the latest information. https://www.irs.gov/newsroom/economic-impact-payments-what-you-need-to-know The question was raised “How do taxpayers that are not required to file a tax return notify the IRS who they are and what their direct deposit information […]
WASHINGTON — The Internal Revenue Service today urged taxpayers to be on the lookout for a surge of calls and email phishing attempts about the Coronavirus, or COVID-19. These contacts can lead to tax-related fraud and identity theft. “We urge people to take extra care during this period. The IRS isn’t going to call you […]
