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Masters Tax
Mar 6, 20232 min read
Why first-time business owners shouldn’t do their own taxes
Americans who became self-employed or started a business in 2022 should hire an accountant to do their tax returns to maximize allowable...
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Masters Tax
Mar 4, 20232 min read
Those filing fake returns face potential penalties, investigation
IR-2023-38SP, 3 de marzo de 2023 WASHINGTON — The Internal Revenue Service issued a consumer alert today to warn taxpayers of new scams...
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Masters Tax
Feb 27, 20233 min read
May 15 tax deadline extended to Oct.16 for disaster area Taxpayers in California Alabama and Georgia
IR-2023-33, Feb. 24, 2023 WASHINGTON — Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct....
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Masters Tax
Feb 14, 20232 min read
IRS says many 2022 special state payments are not subject to federal tax
The Internal Revenue Service has good news for millions of taxpayers in 17 states whoreceived a one-time special state payment last year...
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Masters Tax
Feb 10, 20233 min read
Biden proposes higher taxes for the rich.
President Joe Biden on Tuesday touted the nation's economic health in his State of the Union address, just days after a blockbuster jobs...
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Masters Tax
Feb 6, 20232 min read
California Tax Refund: What is the deadline to receive a payment of up to $1,050?
We have reached the end of California's middle class tax refund. So far, more than $9 billion has been issued to more than 7 million...
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Masters Tax
Feb 4, 20231 min read
How much is the Child Tax Credit for 2023?
The maximum tax credit per qualifying child is $2,000 for children five and under – or $3,000 for children six through 17 years old....
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Masters Tax
Feb 1, 20231 min read
IF I SELL A PROPERTY ABROAD, SHOULD I PAY TAXES IN THE US?
https://www.youtube.com/watch?v=2rRjreA6zgY
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Masters Tax
Jan 26, 20232 min read
BEWARE OF FRAUD, IDENTITY THEFT AND OTHER SCAMS.
IR-2023-13, January 24, 2023 WASHINGTON — The Internal Revenue Service today reminded taxpayers to exercise caution when choosing a tax...
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Masters Tax
Jan 23, 20233 min read
Were you told you owe taxes on California inflation relief payments?
The Middle Class Tax Refund payment is not taxable for California state income tax purposes. However, the MCTR payments may be considered...
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Masters Tax
Jan 23, 20232 min read
¿Cuáles son los cambios más importantes que debe saber antes de presentar sus impuestos de 2022?
Si recibió miles de dólares en créditos tributarios por hijos de su declaración de impuestos de 2021 , obtendrá mucho menos para su...
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Masters Tax
Jan 20, 20232 min read
IRS reminds employers of January 31 deadline for Form W-2, other wage statements
IR-2023-08, January 18, 2023 WASHINGTON — The Internal Revenue Service today reminded employers and other businesses to file Tax Year...
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Masters Tax
Jan 18, 20232 min read
What are the biggest changes to know before filing your 2022 taxes?
If you received thousands of dollars in child tax credits from your 2021 tax return, you will get much less for your 2022 filing. The...
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Masters Tax
Jan 13, 20232 min read
IRS sets January 23 as official start to 2023 tax filing season
R-2023-05, January 12, 2023 WASHINGTON — The Internal Revenue Service today announced Monday, January 23, 2023, as the beginning of the...
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Masters Tax
May 17, 20225 min read
Court Rules IRS Too Late to Audit and Win for Taxpayers
Tax returns are an annual drudgery, but they are important. They are important for individuals, companies and investment entities....
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