What Are Advance Child Tax Credit Payments?

You may be wondering what advance Child Tax Credit (ACTC) payments are. ACTC payments are early payments of 50 percent of the estimated amount of the Child Tax Credit that you would normally claim on your 2021 tax return. If you're eligible and the IRS has processed your 2019 or 2020 tax return, your advance payment [...]

Here’s How To Avoid IRS Text Message Scams

Thieves use email, telephone, and social media for various online scams. They also send fake text messages, known as smishing. Remember that the IRS will not contact you by text message or social media and ask for personal or financial information. The IRS will also not initiate contact by phone or email. If the IRS needs [...]

Truckers: Mark Your Calendars To File Form 2290

If a heavy highway vehicle is registered in your name, mark August 31 on your calendar. That’s the deadline to file Form 2290, Heavy Highway Vehicle Use Tax Return. Here are a few other things to remember about this form: The heavy highway vehicle use tax applies to highway motor vehicles with a taxable gross weight [...]

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