This article was published by the IRS. Every year scammers add new twists to well-known tax-related scams, and 2020 is no exception. Taxpayers should remember that the IRS generally first mails a bill to a taxpayer who owes taxes. There are special circumstances when the IRS will call or come to a home or business. Here [...]
This video was published by the IRS. Students and others often get part-time or seasonal jobs to earn extra money or to save for later. But many people don't know that they may have to report and pay taxes on their income. When you start a job, you need to fill out a Form W-4, which [...]
This article was published by the IRS. Under the Families First Coronavirus Response Act, employers can grant paid leave for an employee to take care of their health needs related to COVID -19 or to care for their family members. This relief helps ensure employees are not forced to choose between being paid or staying home [...]
This video was published by the IRS. Did you know that if there are mistakes on your tax return it can take longer to get your refund? Worse yet, you may owe additional tax. Examples of common mistakes include: Not choosing the right filing status. You can avoid this mistake by using the Interactive Tax Assistant [...]
This article was published by the IRS. The employee retention credit is designed to encourage businesses to keep employees on their payroll. The amount of the credit is 50% of qualified wages paid up to an annual limit of $10,000, which equals a maximum credit amount of $5,000 for each employee for the year. Who is [...]
