January 29: The IRS Starts Accepting 2023 Returns The IRS begins accepting tax year 2023 returns on Jan. 29, 2024. Wait until you receive your W-2s, 1099s and other forms reporting earnings before filing your taxes. Employers and other payers must send most of these forms by Jan. 3...
People who live in 12 states (Arizona, California, Florida, Massachusetts, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington and Wyoming) and meet a number of criteria can use IRS Direct File to file their taxes for free. The criteria are listed on theIRS Direct F...
With the deadline for filing taxes Tuesday, many cryptocurrency investors are freaking out about what they owe the IRS for their holdingsFrank Chaparro
The IRS website had around 500 million visits during the 2024 filing season, constituting an 18-percent increase from the previous year, the latest sign of increasing digitization in U.S. taxes. The agency attributed this uptick to interest in the “Where’s My Refund?” tool, which accounte...
Filing an extension will let you deal with your situation when you need to, without having to worry about preparing and filing your tax return. When should you not file a tax extension? Many people file for an extension because they owe taxes and are unable to pay the...
“Filing income taxes for the first time can be confusing and intimidating. Even the tax software programs aimed at assisting new filers are challenging as they navigate taxpayers through the complexities of the Internal Revenue Code,” says Karen Wallace, CPA and visiting professor in Adelphi Unive...
Filing a return may also be worthwhile to ensure all of your earnings for the year are accurately reported, as this information is used in determining how much Social Security you may be eligible for in the future, specifically for the self-employed. What if you owe taxes and miss the ...
Don’t miss your 1099 deadline. Stay informed about 1099 due dates to avoid tax penalties. Learn about deadlines, filing extensions, and compliance tips.
Tax TipsInvestingTaxesPersonal Finance By Veronika Bondarenko Veronika Bondarenko is a staff writer leading travel and airline coverage for TheStreet. She joined TheStreet after an extensive freelance career writing for NBC, Business Insider, Inman, Mashable and the Associated Press. ...
What happens if I need to pay back taxes for 1099s I didn't receive? Sometimes, 1099s are issued and the IRS receives them but the taxpayer doesn't and the income does not get reported on their tax returns. If that happens to you, then you'll likely receive a notice i...