IRS Warns Taxpayers About New Social Security Number Scam
Con artists continue to come up with new ways to impersonate the IRS and scam taxpayers out or their money and/or private information. Recently, the IRS issued a warning about a new scam in which ...
Teachers and Other School Professionals Can Deduct Unreimbursed Educator Expenses
If you are a teacher and paid for classroom supplies during 2019 out of your own pocket, you may be able to claim the Educator Expense Deduction. Qualifying educators may deduct up to $250 in ...
IRS Provides Important Clarifications of Tax Rules for Cryptocurrency
If you use or hold cryptocurrency, also called virtual currency, you need to exercise special care. Challenges arise from the fact that the IRS classifies all virtual currencies as property, not as currency in the ...
IRS Withholding Calculator Helps Retirees, Self-Employed, and Others with Multiple Income Sources
The IRS Withholding Estimator webpage helps taxpayers with employee wages make sure that the correct amount of tax is being withheld from their paychecks. Ordinarily, tax withholding only takes into account the tax implications of ...
Upcoming Tax Deadlines
December DAY 10 Employees Who Work for Tips – If you received $20 or more in tips during November, report them to your employer. You can use Form 4070. 16 Corporations – Deposit the fourth installment of estimated income tax for 2019. ...