Earned Income Tax Credit
Millions of workers qualify for the Earned Income Tax Credit for the first time due to changes like the birth of a child. Visit IRS.gov/eitc for more details.
New Voluntary Disclosure Program Lets Employers who Received Questionable Employee Retention Credits Pay Them Back at Discounted Rate GalleryNew Voluntary Disclosure Program Lets Employers who Received Questionable Employee Retention Credits Pay Them Back at Discounted Rate
Employee Retention Payroll Tax Credit, IRS, Self-Employed, Small Business, Tax Credits, Tax Relief, Tax Tips, Taxes
New Voluntary Disclosure Program Lets Employers who Received Questionable Employee Retention Credits Pay Them Back at Discounted Rate
This article was published by the IRS. As part of an ongoing initiative aimed at combating dubious Employee Retention Credit (ERC) claims, the Internal Revenue Service has launched a new Voluntary Disclosure Program to help businesses who want to pay back the money they received after filing ERC claims in error. The new disclosure program, which [...]
Have You Checked Your Withholding Lately?
There are many reasons to check your tax withholding. This means looking to see how much money your employer is withholding from your paycheck for federal income tax. Remember, you can visit IRS.gov/withholding any time for more info. It's a good idea to check your withholding as it will help you avoid a surprise at tax [...]
Taxpayer Advocate Service: Dedicated to Helping Taxpayers
This article was published by the IRS. The Taxpayer Advocate Service is an independent organization within the Internal Revenue Service. TAS protects taxpayers' rights by striving to ensure that all taxpayers are treated fairly and know and understand their rights under the Taxpayer Bill of Rights. Here's what all taxpayers should know about their rights and [...]
W-2s, W-3s, 1099-NEC, Information Returns Due Date: January 31
If you are an employer, here is an important filing deadline reminder. The law requires you to file a copy of the W-2 forms you give to your employees by January 31st. You are also required to file the W-3 forms. Remember, you need to send these forms to the Social Security Administration. In addition, if [...]