IRS adds QR technology to key balance due notices to help taxpayers
Here are some helpful tips and information from the Internal Revenue Service in terms of the latest state-of-the-art technology it is using when it comes to communicating with taxpayers. For example, did you know, for the first time, the IRS has added barcode technology to notices it sends out to [...]
IRS: check tax withholdings now as last quarter of 2020 starts
The Internal Revenue Service says now is the perfect time for taxpayers to review their tax withholding and payments to avoid a surprise when filing next year. An adjustment or two made now may boost take-home pay or allow taxpayers to pay more in the last quarter of 2020 to [...]
Taxpayers should know and understand their correct filing status
Tax season may have passed for most but taxpayers in general still need to know their correct filing status and be familiar with each option. Single or Married Generally, the taxpayer's filing status depends on whether they are single or married on Dec. 31 and that determines their status for [...]
Cities whose August unemployment rates are bouncing back most
The employment market continued to recover in August, as the latest jobs report shows that the national unemployment rate has fallen to 8.4%, which is 43% below the peak of 14.7% during the height of the COVID-19 pandemic. According to WalletHub's recently released report on the Cities Whose August Unemployment [...]
IRS reminds taxpayers of the home office deduction rules
Working from home these days? The Internal Revenue Service wants individuals to consider taking the home office deduction if they qualify. The benefit may allow taxpayers working from home to deduct certain expenses on their tax return. The home office deduction is available to qualifying self-employed taxpayers, independent contractors, and [...]
Tax relief for victims of Oregon wildfires; Oct. 15 deadline, other extensions
Help is here for victims of the Oregon wildfires and those suffering from straight-line winds that began on Sept. 7. Those affected now have until Jan. 15, 2021 to file various individual and business tax returns and make tax payments, the Internal Revenue Service said in a news release. The [...]