If you thought that last tax season got off to a sluggish start, you might be surprised at this year’s numbers. Though the Internal Revenue
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Study Suggests That Raising E-Cigarette Taxes Could Encourage Traditional Smoking
Sin taxes are excise taxes imposed on goods or behaviors – like booze and cigarettes – that lawmakers deem harmful. In addition to raising revenue,
Read MoreIRS Seeking Volunteers For Taxpayer Advocacy Panel
Taxpayers are often quick to complain about customer service issues. Now, the Taxpayer Advocacy Panel (TAP) is seeking volunteers who are willing to help the
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Cryptocurrency Like Bitcoin Could Be Taxable
Form 1040 may look similar to last year’s return, but there’s one key difference that’s attracting attention: a question about cryptocurrency. As I reported late last
Read MoreIRS Has A New Tool To Fight Against Identity Theft
Despite a steep drop in tax-related identity theft in recent years, the scam remains serious enough to earn a spot on the agency’s 2019 “Dirty Dozen”
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IRS Calls Tax Filing Season Open Successful
The Internal Revenue Service (IRS) has successfully opened the 2020 tax filing season. The IRS expects to process more than 150 million individual tax returns,
Read MoreGambling On The Super Bowl? You Bet The IRS Is Watching
I finished a disappointing fourth place in this year’s Fantasy Football. Even worse: I was beaten by a 13 year-old. That might explain why I’m
Read More8 Things That Aren’t True About The Earned Income Tax Credit (EITC)
We’ve made it through the first week of the tax filing season! With some tax returns are already on the way for processing, the Internal
Read MoreHere’s How To Get A Copy Of Your Social Security Form For Tax Season
Looking for your tax forms, like your W-2 or 1099-MISC? Most tax forms should be in your mailbox or on their way – but if
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Beware Of Unethical Ghost Tax Preparers
With tax season in full swing, the Internal Revenue Service (IRS) has issued a reminder to taxpayers to avoid unethical “ghost” tax return preparers. A ghost preparer
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