Search
Masters Tax
Dec 27, 20212 min read
IRS Plus-Up Payments Schedule: How to get the last check.
Before 2021 comes to an end, the Internal Revenue Service (IRS) continues to send the additional payments that many Americans are...
30 views0 comments
Masters Tax
Dec 23, 20212 min read
New 2022 IRS Standard Mileage Rates.
The Internal Revenue Service (IRS) has issued new standard mileage rates for operating an automobile for business, charitable, medical or...
11 views0 comments
Masters Tax
Dec 22, 20213 min read
Some 2020 Unemployment Tax Refunds Delayed Until 2022, IRS Says.
For folks still waiting on the Internal Revenue Service to deliver their special tax refunds for the unemployment compensation tax...
14 views0 comments
Masters Tax
Dec 21, 20215 min read
Single, married, or head of household: Which marital status pays the least taxes?
The filing status with which you report to the IRS determines how much you pay in federal and state taxes each year, hence the importance...
259 views0 comments
Masters Tax
Dec 20, 20211 min read
Tax Season 2022: What to do if the IRS owes me money and when will I be able to receive it.
Due to the high workload and office closures, the Internal Revenue Service (IRS) has thousands of delays, so thousands of tax returns are...
24 views0 comments
Masters Tax
Dec 16, 20212 min read
IRS Payment of Up to $ 1,800: Who Will Get It and How to Access It.
With the approval of the ‘American Rescue Plan’, millions of families benefited from an increase and advance in credit. Previously, the...
10 views0 comments
Masters Tax
Dec 9, 20212 min read
IRS launches new identification process to access online services.
The Internal Revenue Service (IRS) launched a new system to access online services with which your identity must be verified to use...
8 views0 comments
Masters Tax
Dec 8, 20214 min read
A Handbook on How the IRS Gift Tax Law Applies to Parents and Their Children
We have heard from various readers about the mention of elder abuse in a recent column, and one reader suggested reporting the abuser to...
18 views0 comments
Masters Tax
Nov 29, 20214 min read
How IRS Tax Demands Settlements.
Many plaintiffs win or settle a lawsuit only to be surprised that they have to pay taxes. Some don't realize it until tax time the...
9 views0 comments
Masters Tax
Nov 23, 20212 min read
The IRS alerts you to fake emails to steal Child Credit payments.
The IRS asks people to be vigilant and reminds them that the federal agency NEVER initiates contact with taxpayers via email, text...
7 views0 comments
Masters Tax
Nov 19, 20212 min read
Yes, the IRS adjusts federal income tax brackets every year.
You may have seen recent headlines about tax brackets changing due to inflation. It’s something the IRS does every year. The IRS on Nov....
13 views0 comments
Masters Tax
Nov 18, 20212 min read
The IRS is sending out new refunds. Who are the beneficiaries?
The IRS has good news for those who were unemployed in 2020 and made an unemployment compensation tax overpayment. These people will...
10 views0 comments
Masters Tax
Nov 17, 20215 min read
When IRS Taxes “Loans” As Income.
When your uncle loans you $5,000 to tide you over, is it taxable as income? Of course not, you have to repay it. What about when the bank...
8 views0 comments
Masters Tax
Nov 15, 20213 min read
IRS commissioner: We desperately need resources so the agency can serve you and our country
Charles P. Rettig is the 49th commissioner of the Internal Revenue Service. He was appointed in 2018 after nearly four decades as an...
7 views0 comments
Masters Tax
Nov 11, 20212 min read
New 2022 IRS Income Tax Brackets And Phaseouts For Education Tax Breaks
Each year, the Internal Revenue Service (IRS) makes rounded inflationary adjustments to the federal income tax brackets and the income...
20 views0 comments
Masters Tax
Nov 10, 20214 min read
IRS Announces 2022 Tax Rates, Standard Deduction Amounts And More
The Internal Revenue Service has announced annual inflation adjustments for tax year 2022, meaning new tax rate schedules and tax tables...
124 views0 comments
Masters Tax
Nov 9, 20216 min read
Is A Private Company’s Automated Dialing Making It Impossible To Reach The IRS?
Depending on whom you ask, Call EnQ is either a brilliant time-saving technology for hardworking tax professionals or a company that is...
7 views0 comments
Masters Tax
Nov 3, 20213 min read
Check your account: The IRS could give you a nice surprise before Thanksgiving.
You could receive a nice surprise from the IRS in your bank account just a few weeks before Thanksgiving, especially if you lost your job...
12 views0 comments
Masters Tax
Nov 2, 20213 min read
It's November and IRS is issuing more refunds relating to jobless benefits
We're just a few weeks away from Thanksgiving Day but the IRS continues to roll out some 2020 tax refunds. So check your bank accounts...
9 views0 comments
Masters Tax
Oct 29, 20212 min read
You can still ask the IRS for the third stimulus check of $ 1,400 if it did not arrive.
Eligible individuals who have not received the third $ 1,400 stimulus check or Child Tax Credit payments because they did not file a tax...
10 views0 comments