As a result of taxpayer confusion, lack of clear guidance, concerns about the existing backlog, and impact on the upcoming filing season, industry and stakeholders urged the IRS to postpone the implementation of the new reporting requirements of the Forms 1099-K. Good news: The IRS listened, and on Friday, December 23, the IRS issued Notice […]
Updated: Jan. 25, 2023: 9:31 am ET. It’s still a bit too early to think about it, but in case you are wondering, here’s our annual chart for the #1 question we get every year: “When will I get my tax refund?” The answer is never exact, but we are able to make some educated
When to Expect 2023 IRS Income Tax Refunds – Estimated Date Chart for Tax Refunds Read More »
There are some ways to use cryptos dismal year to lower your tax bill getty What Happened It has been a rough 2022 for cryptocurrency holders who had to face the collapse of luna and its associated stablecoin terraUSD, the meltdown of several digital-asset exchanges, and a brutal financial winter that cut the market value
Year-End Tax Tips After Crypto’s Dismal 2022 Read More »
There’s still time to reduce your tax bill or boost your refund for 2022, according to financial experts. You may consider tax-loss harvesting, Roth conversions or charitable donations to lower taxes. But you must complete these tax-saving moves by Dec. 31 to count for the 2022 tax year. With the S&P 500 Index down nearly
There’s still time to reduce your 2022 tax bill with these last-minute moves Read More »
If you’re ending your marriage, add filing taxes after divorce to the list of headaches that you’ll need to deal with. First, if you haven’t already done so, you need to file a new W-4 form with your employer to adjust the amount withheld from your paycheck. But that’s not all. You might also be facing alimony
Most-Overlooked Tax Breaks When Filing Taxes After Divorce Read More »
Highly recommend TurboTax for a small business LLC “We were fortunate enough to engage TurboTax in the 11th hour to help with our first year of LLC state and federal tax returns. Our expert was Paul and he was extremely knowledgeable very good communication, and I would endorse them anytime!” Source link
TurboTax Live Full Service 2022-2023 Small Business Taxes Read More »
Department of Taxation and Finance Printer-Friendly Version (PDF) Overview Form IT-2104 is completed by you, as an employee, and given to your employer to instruct them how much New York State (and New York City and Yonkers) tax to withhold from your pay and send to the New York State Tax Department on your behalf.
Instructions for Form IT-2104 Read More »
References in these instructions are to the Internal Revenue Code (IRC) as of January 1, 2015, and to the California Revenue and Taxation Code (R&TC). What’s New Foster Youth Tax Credit – For taxable years beginning on or after January 1, 2022, the refundable Foster Youth Tax Credit (FYTC) is available to an individual and/or
2022 Instructions for Form FTB 3514 Read More »
You finally did it! You quit your job working for someone else and ventured out to start your own business. But, as you know, becoming self-employed can be scary. The success of your business is in your own hands, which can create extra pressure and anxiety. And that pressure can increase when you’re trying to
7 Overlooked Tax Deductions and Credits for the Self-Employed Read More »
San Jose, CA – (NewMediaWire) – December 8, 2022 – (King NewsWire) – FlyFin, the world’s number one AI-based tax preparation and tax filing service, introduced a list of tax hacks to help self-employed people save on their taxes. FlyFin’s new resources offer a variety of ways to reduce taxable income and directly lower the
