by Taxing Subjects | Mar 9, 2023 | Tax Tips and News
Taxpayers with foreign bank accounts who forgot to file an annual Report of Foreign Bank and Financial Accounts (FBAR) received some good news at the end of February. In Bittner v. United States, the Supreme Court held that the penalty for nonwillful failure to file...
by Taxing Subjects | Feb 22, 2023 | Tax Tips and News
Filing an amended return used to mean completing a paper form, regardless of how taxpayers submitted the original return to the Internal Revenue Service. During the pandemic, paper-filed returns presented processing challenges that contributed to a historic backlog at...
by taxPRO Websites Staff | May 10, 2022 | Tax Tips and News
A reworked version of Form W-4 has been released by the IRS and the Treasury Department for the 2020 tax year.… Read more about IRS Releases Reworked Form W-4 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com
by taxPRO Websites Staff | May 10, 2022 | Tax Tips and News
According to the IRS, self-employed taxpayers should use the Tax Withholding Estimator when they perform their next “paycheck checkup.”… Read more about IRS to Self-Employed Taxpayers: Use the Tax Withholding Estimator (Feed generated with FetchRSS) – Story...
by taxPRO Websites Staff | Oct 20, 2021 | Tax Tips and News
Criminals pushing phishing scams impersonate a wide range of people and organizations to trick victims out of their private information and money. The seemingly endless flood of charity scams perhaps best demonstrates that there truly is no honor among thieves....
by taxPRO Websites Staff | Oct 18, 2021 | Tax Tips and News
Millions of American families have been taking advantage of the advance payments of the Child Tax Credit, but the Internal Revenue Service stresses there’s still time left to sign up for the remaining payments. The latest batch of the monthly advance payments is now...
