2021 Changes in Child Tax Credit
Major changes in the 2021 child tax credit may complicate 2021 tax returns.
February 2022
2022 Tax Change for People with Internet-Based Sales
A reduction in the 2022 payment threshold determines when a third-party settlement organization has to file an IRS information return can mean some big tax changes for people using internet platforms to sell goods and services.
IRS Reminds Farming, Fishing Businesses of March 1 Tax Deadline
The Internal Revenue Service reminded those with income from a farming or fishing business they should file and pay their entire tax due on or before Tuesday, March 1, if they did not make estimated tax payments.
Relief for Certain Partnerships Preparing Schedules K-2 and K-3 for 2021
The IRS provided further details on additional transition relief for certain domestic partnerships and S corporations preparing the new schedules K-2 and K-3 to further ease the change to these new schedules.
Report Tip Money as Income
For those working in the service industry, tips are often a vital part of their income.
What to Remember When Preparing 2021 Tax Returns
Now that the filing season has begun, there are several key items all taxpayers should keep in mind when filing their federal income tax returns this year.