Income taxes are a pay-as-you-go system. That means you pay your taxes as you earn income during the year. Either your employer withholds tax from your pay, or you pay quarterly estimated taxes on your own. If you have income that's not subject to withholding, you may need to make quarterly payments. This includes income such [...]
This article was published by the IRS. Making the dream of owning a home a reality is a big step for many people. Whether a fixer-upper or dream home, homeownership is a milestone that can come with a learning curve. First-time homeowners should make themselves familiar with authorized deductions, programs that can assist with home ownership [...]
If you've filed your tax return, you may be wondering when you'll get your refund. If you head over to IRS.gov/refund, you'll find the IRS' "Where's My Refund?" tool. 24 hours after electronically filing your taxes, you can check on the status of your money on the IRS website. You can also access "Where's My Refund?" [...]
If you owe taxes, but can't pay in full by the April deadline, you should file your federal tax return anyway and pay as much as possible to reduce penalty and interest amounts. An extension of time to file is not an extension of time to pay your taxes. Pay as much as you can by [...]
This IRS webinar covers the advantages of the Employee Retention Credit - Voluntary Disclosure Program, including who is eligible to participate in the program and how to apply. In summary, the new disclosure program, which has been in the works for several months, is part of a larger effort at the IRS to stop aggressive marketing [...]
