This article was published by the IRS. Whether it's something they've been doing for years or something they just started to make extra money, taxpayers must report income earned from hobbies in 2022 on this year's tax return. What's the difference between a hobby and a business? A business operates to make a profit. People engage [...]
There are several easy ways to pay your taxes: online, by phone, cash, check, or money order. To pay online, you can go to your online account at IRS.gov/account and make a payment from your checking or savings account. You can also view the amount you owe, any payment history or activity, and other account information [...]
This article was published by the IRS. Taxpayers who can't pay their tax bill by the April 18, 2023, deadline shouldn't panic. The IRS offers several options to help them meet their obligations. It's important for taxpayers to file their tax return or request an extension of time to file at IRS.gov/extension by the April 18, [...]
The easiest way to file your taxes is electronically. Here are the top five reasons to choose e-file: It's easy. It's convenient. It's safe and secure. You'll get your refund faster if you choose direct deposit - usually in 21 days or less. If you owe taxes, you can make an electronic payment when you file [...]
This article was published by the IRS. In the latest improvement for taxpayers, the Internal Revenue Service has announced that people electronically filing their Form 1040-X, Amended U.S Individual Income Tax Return, will for the first time be able to select direct deposit for any resulting refund. Previously, taxpayers who filed Form 1040-X with the IRS [...]
