This article was published by the IRS. The Internal Revenue Service is making it easier for taxpayers to protect their information and avoid refund delays by accepting certain e-filed tax returns that claim dependents who have already been claimed on another taxpayer’s return. This change will benefit filers claiming important tax credits like the Earned Income [...]
In case you missed it this past rainy Saturday, here's the video of America's Hometown Thanksgiving Celebration parade. Despite the inclement weather, many still came out to watch. This is one of America's only historically accurate chronological parades, visually bringing the country's rich heritage to life by representing each century from the 17th through the 21st. [...]
This article was published by the IRS. The IRS recently shared five new warning signs of incorrect claims by businesses for the Employee Retention Credit. The new list comes from common issues the IRS has seen while reviewing and processing ERC claims. Aggressive promoters convinced many businesses to claim this pandemic-era credit when they’re not eligible. [...]
IRS Online Account for Individuals is a tool that makes it easier for you to manage your personal federal taxes. Save time by going online instead of calling and waiting on the phone. To get started, go to IRS.gov/account. Once there, click "Sign in to your online account." From there, you can access ID.me, which helps [...]
This article was published by the IRS. In most cases, distributions from a traditional Individual Retirement Account are taxable in the year the account owner receives them but there are some exceptions. A qualified charitable distribution is one of the few exceptions. A QCD is a nontaxable distribution made directly by the trustee of an IRA [...]
