Taxation · 08/07/2025
IRS Offers Tax Relief to Missouri Disaster Victims
The IRS has implemented tax relief measures for taxpayers in Missouri affected by natural disasters, extending the deadline to November 3, 2025. Additionally, the agency plans to hold community assistance events in West Plains to support disaster recovery efforts.
Taxation · 08/07/2025
IRS Extends Tax Deadline for Hurricane Milton Victims
The IRS has announced that individuals and businesses affected by Hurricane Milton can defer filing tax returns and payments until May 1, 2025. This initiative aims to provide financial support to those impacted by the disaster and facilitate recovery efforts, while also including relief measures for business penalties, reflecting the government's coordinated action in disaster recovery.
Taxation · 08/07/2025
Key Steps for Verifying Your Efiled Tax Return
Learn how to successfully verify your electronic tax filing, including how to accurately input your adjusted gross income (AGI) and personal identification number (PIN). Discover various methods to query your AGI to ensure a smooth filing process.
Taxation · 08/07/2025
IRS Clarifies Tax Rules on All Income Types
This article outlines the tax obligations associated with income under U.S. tax law, emphasizing the legal requirement that nearly all income, including wages, investments, and freelance earnings, is subject to taxation. It also highlights the importance of compliant reporting for readers.
Taxation · 03/06/2025
IRS Releases Guide for Verifying Electronic Tax Returns
The IRS requires taxpayers to enter their adjusted gross income (AGI) or a self-selected PIN for identity verification when e-filing. This article explains how to locate the previous year's AGI, offers preferred and optional methods, and emphasizes the necessity of using an identity protection PIN to ensure a smooth tax filing process.
Taxation · 08/07/2025
IRS Releases Tax Guide for Cryptocurrency and Nfts
This article discusses the principles for handling digital assets, such as cryptocurrencies and NFTs, in tax reporting for the year 2023. It emphasizes the necessity for taxpayers to report relevant transactions accurately on their tax returns and to record capital gains or losses in order to avoid potential tax issues.
Taxation · 08/07/2025
IRS Offers Guidance on Temporarily Delayed Tax Collections
This article guides you on how to apply for a temporary deferral of tax collection from the IRS. It covers the relevant processes, required documents, and important considerations to help protect your legal rights during times of economic hardship.
Taxation · 08/07/2025
IRS currently Not Collectible Policy Pauses Tax Payments
This article provides a detailed overview of the IRS policy on tax deferment, including applicable conditions, application processes, and potential consequences. Understanding this policy can help taxpayers manage tax-related pressures during financial hardships and ensure the protection of their rights.
Taxation · 08/01/2025
Key Federal Tax Filing Deadlines and Extension Rules
This article provides a detailed guide on federal tax filing deadlines and extension requests, helping readers determine their eligibility for filing and extensions, especially for taxpayers located in combat zones or areas affected by natural disasters.
Taxation · 08/07/2025
IRS Extends Tax Filing Deadline for Eligible Filers
This article provides a detailed overview of the deadlines for federal tax filing and eligibility for extension requests. It includes special notes applicable to combat zones and disaster areas, as well as steps to effectively complete the extension application, helping taxpayers ensure compliance and timely filing.
Taxation · 08/07/2025
IRS Launches Mobilefriendly Tax Forms for Simplified Filing
The IRS has launched browser-friendly online forms and guides that simplify the tax filing process. These resources are optimized for mobile and tablet devices, making it easier for taxpayers to access important tax information.
Taxation · 08/07/2025
Farmers Fishermen Gain Tax Relief Via Income Averaging
Farmers and fishermen can effectively reduce their tax burden during high-income years by utilizing Schedule J on Form 1040 to choose the three-year income averaging method, thereby maximizing their economic benefits.
Taxation · 08/07/2025
IRS Clarifies 1099INT and 1099OID Tax Form Requirements
This article provides a detailed explanation of the filing and reporting requirements for the IRS 1099-INT and 1099-OID forms. It covers important topics such as the latest updates, filing reminders, online form completion, and reporting for non-resident aliens. The content helps taxpayers comprehensively understand the necessity and techniques of financial reporting.
Taxation · 08/07/2025
US Expats Seek Tax Exemption for Foreign Income
This article discusses how to apply for exemption from U.S. income tax withholding by completing Form 673, suitable for American residents working abroad. It covers the eligibility criteria, application steps, and important considerations to help individuals optimize tax savings and alleviate their tax burden.
Taxation · 02/20/2025
US Tax Withholding Rules for Nonresidents Foreign Entities
This article explores the significance of IRS Publication 515 in tax withholding for non-resident foreigners and foreign entities. It covers applicable regulations, recent updates, and compliance recommendations, assisting businesses in navigating risks in a complex tax environment.