Search
Masters Tax
Feb 7, 20221 min read
Unless we do something to fix the IRS, your problems will only get worse.
Michelle Singletary's January 30 column The Color of Money, "Tax season has just begun, and a flooded IRS is already taking steps to...
6 views0 comments
Masters Tax
Feb 6, 20222 min read
What is IRS Notice 6419 and what should I do if I receive it?
The IRS continues to send Notice 6419 to taxpayers who received the Child Tax Credit. What to do when you receive it? Here the details. ...
12 views0 comments
Masters Tax
Feb 5, 20224 min read
Don't File a Paper Return, Call the IRS on a Wednesday, and Other Tips to Get Over
the turbulent tax season of 2022 The new tax season has begun, and if you're among the unlucky millions still waiting for your 2020...
10 views0 comments
Masters Tax
Feb 4, 20222 min read
In a great precedent, the IRS says it will not tax unsold and staked cryptocurrencies
In court documents expected to be made public Thursday, the IRS stated that it would refund $3,293 in income taxes (plus statutory...
7 views0 comments
Masters Tax
Feb 3, 20224 min read
What relief will the IRS give taxpayers this tax season?
Filing season recently began, and with it came public pleas for the IRS to at least temporarily change its notification, collection and...
11 views0 comments
Masters Tax
Feb 2, 20225 min read
IRS issues confusing advice on reconciling child tax credit
Yesterday, the IRS updated its Child Tax Credit (CTC) and Advance Child Tax Credit (ACTC) fact sheet (FAQ) with additional information on...
0 views0 comments
Masters Tax
Feb 1, 20224 min read
Three days after the 2022 tax season began, an overwhelmed IRS suspends
some notices to taxpayers The agency is trying to reduce correspondence with taxpayers, to avoid increasing the backlog of returns. IRS...
8 views0 comments
Masters Tax
Jan 31, 20223 min read
IRS Warns of Inaccuracies in Advance Child Tax Letters of Credit
Admitting they expect another chaos-filled season, Treasury and the IRS have been vehement (almost rabid) in encouraging taxpayers to...
6 views0 comments
Masters Tax
Jan 29, 20225 min read
The IRS Takes Action to Avoid Delays in Processing Tax Returns
as the filing season begins. The IRS, seeking to avoid unnecessary processing delays at the start of this year's filing season, is...
7 views0 comments
Masters Tax
Jan 28, 20229 min read
IRS wants to scan your face
Starting this summer, you’ll need to provide a video of your face to access the agency’s website. It’s a major expansion of the use of...
10 views0 comments
Masters Tax
Jan 27, 20226 min read
Here's how long it will take to get you tax refund in 2022
Three-quarters of all Americans get an annual tax refund from the IRS, which often is a family's biggest check of the year. But with this...
16 views0 comments
Masters Tax
Jan 25, 20223 min read
Tax season is underway, and taxpayers are facing an overburdened IRS.
Count Ethan Miller, 30, among that subgroup of Americans who are really itching to file their taxes now that filing season has kicked off...
6 views0 comments
Masters Tax
Jan 22, 20224 min read
Venmo, PayPal and other payment apps have to report to the IRS
about your sideline if you earn more than $600 a year. The sign on the barber shop door read "Cash Only Please!" He wasn't sure, but he...
11 views0 comments
Masters Tax
Jan 20, 20224 min read
Child tax credit: What parents need to know to get the rest of the payment in 2022
For millions of parents across the country, the New Year began without a monthly deposit from the expanded child tax credit, a...
7 views0 comments
Masters Tax
Jan 19, 20223 min read
IRS Forms 1099 Arrive With Tax Dangers Galore.
IRS Forms 1099 generally come in the mail around the end of January or early February and report how much you were paid in the prior...
6 views0 comments
Masters Tax
Jan 18, 20224 min read
Amid Chaos, IRS Attempts A Return To Normal
E-filing of individual tax returns for the 2022 filing season opens on January 24. The tax deadline is Monday, April 18, 2022. Until...
8 views0 comments
Masters Tax
Jan 13, 20223 min read
IRS to commence tax season early, warns of potential hiccups due to pandemic and funding issues
Tax season will begin early this year and is already forecast to be an especially "frustrating" one, the Internal Revenue Service has...
7 views0 comments
Masters Tax
Jan 11, 20223 min read
IRS Announces 2022 Tax Filing Start Date
The Internal Revenue Service announced today that the 2022 tax filing season will open on Monday, January 24th, 2022. That’s when the IRS...
6 views0 comments
Masters Tax
Jan 10, 20222 min read
Tax season starts two weeks early due to virus, IRS funds
This year's tax filing season will begin on January 24, 17 days earlier than last year, the Internal Revenue Service announced Monday....
8 views0 comments
Masters Tax
Dec 29, 20212 min read
Stimulus check of up to $ 8,000 for families with two children in 2022:
How do you know if you qualify and when the IRS sends it? Looking ahead to 2022, the Internal Revenue Service (IRS) seeks to grant...
7 views0 comments