It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office expenses during COVID, you won’t want to miss a single letter. W is for Wage Base. Wages and self-employment income are subject to Social Security and Medicare taxes. Together, Social…
Still missing your $500 per child stimulus check? You’re not the only one. In response to complaints that check recipients are still missing out, the Internal Revenue Service (IRS) is reopening the registration period for some folks who didn’t receive those $500 per child payments earlier this year. In March of this year, the CARES Act was signed into…
Last week, the National Taxpayer Advocate promised that help was on the way for some taxpayers who had missing or incomplete stimulus check payments. Today, the Advocate delivered, explaining the kinds of problems that the Internal Revenue Service (IRS) will currently resolve, what some individuals need to do to receive a check, and how some taxpayers…
It’s been a long and stressful tax season. Mix long hours together with Covid and there’s real worry about mental health for tax professionals, as well as taxpayers. More often than not, one of the barriers to seeking help is stigma: it is difficult for any professional to admit that they are suffering. So let’s…
