Found 1677 Matching Items; Displaying 1501 - 1510.
For Illinois and Tennessee tornado victims, IRS extends 2021 tax-filing deadline, other deadlines to May 16
IR-2021-252, December 20, 2021 — Victims of this month’s tornadoes in parts of Illinois and Tennessee will have until May 16, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today. This is the same relief already provided to storm victims in Kentucky.
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News Media, Individuals, Businesses, Tax Professionals
Hurricane Ida tax relief extended to February 15 for part or all of six qualifying states
IR-2021-254, December 22, 2021 — Victims of Hurricane Ida in six states now have until Feb. 15, 2022, extended from Jan. 3, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
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News Media, Individuals, Tax Professionals, Businesses, Charities and Nonprofits
Tax Time Guide: IRS reminds taxpayers to report gig economy income, virtual currency transactions, foreign source income and assets
IR-2022-45, March 1, 2022 — The IRS reminds taxpayers of their reporting and potential tax obligations from working in the gig economy, making virtual currency transactions, earning foreign-source income or holding certain foreign assets.
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Individuals, Tax Professionals
Two tax credits that can help cover the cost of higher education
Tax Tip 2022-38, March 10, 2022 — Higher education is important to many people and it’s often expensive. Whether it’s specialized job training or an advanced degree, there are a lot of costs associated with higher education. There are two education tax credits designed to help offset these costs - the American opportunity tax credit and the lifetime learning credit.
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Individuals, Tax Professionals
IRS revised 2021 Child Tax Credit and Advance Child Tax Credit Payments frequently asked questions
IR-2022-53, March 8, 2022 — The Internal Revenue Service today updated its frequently asked questions (FAQs) (FS-2022-17) on the 2021 Child Tax Credit and Advance Child Tax Credit Payments.
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News Media, Tax Professionals, Individuals
Tax updates and news from the IRS
Taxpayers face a number of issues due to critical tax law changes that took place in 2022 and ongoing challenges related to the pandemic. The IRS continues to share updated information for people preparing to file their 2022 tax returns as well as anyone who has previous year tax returns awaiting processing by the IRS.
General Information
Individuals, Tax Professionals
Tax Time Guide: Make IRS.gov the first stop for tax help
IR-2022-35, February 16, 2022 — With phone volumes continuing at historic levels, the Internal Revenue Service reminds taxpayers IRS.gov, should be the first stop for taxpayers seeking information and help with their federal taxes.
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Individuals, Tax Professionals, News Media
Tax Time Guide: Minimize cyber footprints, protect personal information online
IR-2022-60, March 16, 2022 — The IRS today urged people to stay resolute against ongoing scams and schemes by properly securing computers, tablets and phones.
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News Media, Individuals, Tax Professionals
Here are the different ways people can pay their federal taxes
Tax Tip 2022-45, March 23, 2022 — The April 18 deadline for individuals to file and pay their federal income tax is just around the corner. While paying taxes is not optional, the IRS offers a variety of ways for people to pay their taxes.
General Information
Individuals, Tax Professionals, Businesses
IRS reminds taxpayers they must check a box on Form 1040, 1040-SR or 1040-NR on virtual currency transactions for 2021
IR-2022-61, March 18, 2022 — The IRS reminds taxpayers that there is a virtual currency question at the top of Form 1040, Form 1040-SR and Form 1040-NR. It asks: “At any time during 2021, did you receive, sell, exchange, or otherwise dispose of any financial interest in any virtual currency?”
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News Media, Individuals, Tax Professionals