This article was published by the IRS. The Internal Revenue Service is reminding employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on January 3, 2022. Most affected employers and self-employed individuals received reminder billing notices from the IRS. The agency noted, however, [...]
This video explains the variety of actions taxpayers can take if they are unable to pay their tax bills. It could happen to any of us. You've just finished preparing your tax return or received a bill from the MA Department of Revenue and have an unexpected balance due. The problem is, you can't afford to [...]
If you're raising a family, there are valuable tax credits you may be able to claim, even if you aren't required to file a tax return. First, there's the Earned Income Tax Credit. If you work and are eligible for the credit, you can claim this valuable benefit for up to three qualifying children based on [...]
With talk that Social Security funds will begin to be depleted in coming years, many people are interested in staying on top of the health of Social Security. Each year, the Social Security Board of Trustees issues its annual report on the current financial status of the Social Security program. In this video, Steve Goss, the [...]
Your safety and security are top priorities at the IRS and with their Security Summit partners. With more taxpayers and tax preparers working remotely, identity thieves and fraudsters are working overtime, trying to use COVID-19 to scam you. Everyone should remember to take these basic steps to protect themselves.
