The Internal Revenue Service (IRS) has released a draft of Form 1040, U.S. Individual Income Tax Return. There are several notable changes to the form proposed for
Read MoreAuthor: Kelly Phillips Erb
Kelly Phillips Erb is a tax attorney, tax writer, and podcaster.
IRS Green Lights Electronic Filing For Amended Tax Returns
After weeks of waiting, tax professionals and taxpayers finally got the word from the Internal Revenue Service (IRS): amended returns can now be electronically filed. In May,
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IRS To Begin Sending Out Interest Payments To Millions Of Taxpayers With 2019 Tax Refunds
Looking for your interest? The Internal Revenue Service (IRS) will begin sending interest payments to individual taxpayers who timely filed their 2019 federal income tax returns and
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Taxes From A To Z 2020: W Is For Wage Base
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
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IRS Offers Help For Some Missing $500 Per Child Stimulus Check
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
Read MoreHow To Fix 13 Common Stimulus Check Problems
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,
Read MoreHow To Handle Uncashed Tax Checks & Other IRS Issues During COVID
If you have an uncashed tax check at the Internal Revenue Service (IRS), you’re not alone. Scores of taxpayers and tax professionals have been reaching
Read MoreIRS-CI Assists In Seizure Of Terrorist Group’s Cryptocurrency Accounts
The Justice Department has announced the dismantling of three terrorist financing cyber-enabled campaigns. These actions represent the government’s largest-ever seizure of cryptocurrency relating to terrorism. These three
Read MoreMnuchin Suggests Payroll Tax Deferral Will Be Discretionary
(Updated to add the letter from the Chamber.) Last week, President Trump took Presidential action to act on payroll tax collections. Specifically, he ordered that
Read MoreConfusion After President Trump Orders Temporary Payroll Tax Cut
On August 6, 2020, the Senate adjourned without passing a stimulus package. Senate Majority Leader Mitch McConnell (R-KY) wasn’t involved in the talks, leaving Senate
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