Author 14

As the 2024-25 tax year draws to a close, and with significant tax changes coming from 6 April 2025, now is a great time to take control of your tax affairs. Our list of top ten tax tips will help you and your business maximise available reliefs and allowances. It also highlights some of the […]

No one likes doing taxes, but the task is even more daunting when filing a return for someone who has died. If you are preparing a 1040 federal income tax form for a spouse or parent, you are grieving while also gathering tax records. If you are the executor of an estate, you may not

2/7/22 Update: IRS announces transition away from use of third-party verification involving facial recognition. See IRS.gov for more details. IRS Secure Access Digital Identity (SADI) IRS has updated how users sign in and verify their identity for certain IRS online services, with a mobile-friendly platform that relies on trusted third parties for authentication of identity

CHICAGO (WLS) — You may have heard that the IRS is expected to be late getting out tax refunds again this year, but that’s not necessarily bad news. Why? Well, that’s just one of the I-Team’s tax hacks aimed to help you cash in. We all hope to get our tax refund check on time

IRS offers tips on how taxpayers can prepare to accurately complete their tax return, answer tax software questions or provide information to a tax professional when filing. Get to know the IRS, its people and the issues that affect taxpayers By Ken CorbinCL-22-03, January 24, 2022 Planning for the nation’s filing season process is a

Identity theft issues impact millions of taxpayers each year, resulting in considerable delays and taxpayer burden. In the 2023 Annual Report to Congress, National Taxpayer Advocate Erin M. Collins discussed how each year, the IRS flags millions of returns for potential fraud. In 2022, the IRS suspended processing of 4.8 million tax returns pending identity

The amount you pay the IRS each year is determined by your tax bracket. That, in turn, is based on your taxable income and filing status. But there are several ways you can lower your taxable income without taking a pay cut — from putting more into retirement to deducting student loan interest. Below, CNBC

ID Verification Since our January 2022 TAS Tax Tip: Verifying your identity to access certain IRS systems, the IRS and the ID.me service have made updates to the process for verifying customers’ identities who wish to access online accounts and other systems. Here’s the latest information you need to know. You now have two choices