Over the past year, there have been significant changes to the child tax credit. So what exactly do taxpayers need to know about the differences from last year to this year, and how will those changes affect them? What do people need to know about changes to the Child Tax Credit? On today’s episode of…
Education has become less affordable in recent years, leading many to take out student loans. Unfortunately, new borrowers often find it challenging to navigate the complex processes surrounding student loans and payments. What information do borrowers need to make wise student loan decisions? On today’s episode of the Taxgirl podcast, Kelly is joined by Bobby…
The pandemic has brought on many changes in the last few years, and these changes have impacted the tax season in 2022. What challenges and updates should people be aware of this tax season? On today’s episode of the Taxgirl podcast, Kelly is joined by Amber Gray-Fenner to talk about challenges impacting taxpayers and tax…
With tax season starting, many taxpayers are considering the best ways to file their returns and prepare their tax documents. But, with so many methods and room for confusion, what knowledge should taxpayers have to make the process go smoothly? What information should taxpayers know to prepare themselves for this tax season? On today’s episode…
It comes as no surprise that recent events have had significant effects on the economy and businesses as a result. But with inflation causing soaring prices, many tax practitioners have experienced significant impacts on their professions. What challenges are tax practitioners experiencing in 2022, and how can they successfully navigate the effects on their professions?…
The Taxgirl Podcast discusses tax news, tax info, and tax policy. With so many taxation-related rules, facts, and updates, it’s easy to be left with questions about tax processes. Luckily, the Taxgirl mailbag allows readers and listeners to submit their tax questions for Kelly to address. What questions do listeners want to ask the Taxgirl?…
The Organization for Economic Cooperation and Development (OECD) recently released details and proposed legislation on its global minimum tax plan. However, questions still linger regarding the details of the plan and the practicality of its proposed timeline. What future developments could we expect to occur as a result of the OECD global minimum tax deal?…
In the world of taxes, change is to be expected. This is especially true when it comes to sales tax. Since the pandemic, there have been many changes to laws and regulations, and the rules regarding sales taxes are no exception. What significant sales tax changes have occurred due to COVID-19, and how are business…
While many may have complained about long call wait times and difficulty seeking IRS help in the past, the pandemic has exacerbated service problems such as these for the federal agency. As a result, today, it takes longer for claims to be addressed, and for taxpayers and practitioners alike, the process of reaching an IRS…
Over the past year, the IRS has been slow to process tax returns but has appeared to continue to issue notices – especially math error notices. While the IRS made 628,997 math error corrections last year through July 15, 2020, the IRS made about 9 million math error corrections on returns filed by taxpayers in…
