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The IRS recently released a list of 2021 Recovery Rebate Credit FAQs to help you with your upcoming tax return. Here are the most popular questions.
Tax-related identity theft occurs when someone uses your personal information, such as your Social Security number (SSN), to file a tax return. Although tax identity theft is less prevalent than
Each year, employers are required by law to send your W-2 by January 31. This form includes all taxable wages paid to you during the previous year, as well as
Owing the IRS money is very stressful. If you can’t pay in full by the deadline date, you are likely to face collection actions if you don’t work out an
The importance of tax planning doesn’t diminish after you retire. In fact, it may be even more important than before you left the workforce. Once you retire, your income typically
Owning a business can be very rewarding. It gives you the freedom to determine where and when you want to work, as well as the type of work you want
The Internal Revenue Service (IRS) uses penalties to encourage people and businesses to file and pay their taxes on time. In fiscal year 2020, more than $14 billion was assessed