by Candy | Sep 8, 2020 | Taxes
The IRS recently released its list of scams to watch out for in 2020. Because of recent Coronavirus tax relief measures, scam artists are targeting taxpayers more heavily than ever before. According the IRS officials, this type of criminal activity rises surrounding...
by Candy | Aug 14, 2020 | Featured, Taxes
The IRS is moving Non-Employee Compensation reporting, previously 1099 MISC-box 7, to a new form called the 1099-NEC. This change takes effect for the 2020 tax year, so reports filed in 2021 and later will need to utilize the new form if filers meet any of the...
by Candy | Jul 10, 2020 | Taxes
The IRS recently announced a suspension period for collection activities in response to the COVID-19 crisis. This suspension, which is set to last from March 30th to July 15th, 2020, is designed to provide relief to taxpayers who are struggling due to the economic...
by Candy | Jul 3, 2020 | Featured, Taxes
Dealing with the IRS can be confusing and frustrating at times. While the agency does make the final decision regarding your taxable income and money owed, you also have rights as a taxpayer. Knowing these entitlements can help you properly advocate for yourself in...
by Candy | Jun 23, 2020 | Taxes
The National Taxpayer Advocate’s office recently revealed that the IRS’s automatic fraud-detection tools are not functioning properly. According to Tax Pro Today, thousands of tax returns have been unnecessarily flagged, resulting in delayed refund payments for many...
by Candy | May 29, 2020 | COVID-19, Featured, Taxes
The IRS has changed many of its usual tax season policies and deadlines due to the Coronavirus pandemic. First it announced that the filing deadline for returns would be moved from April 15 to July 15th in order to alleviate financial hardship brought on by business...