IRS Updates

Yet to clear your tax dues? Explore the new direct debit payment option

new-direct-debit-payment-option
  Those of you who have not yet paid their taxes are in for a good news. The IRS has made the payment of your tax dues even easier with the [...]

Earned Interest Tax Credit – How Can You Benefit From It?

Earned-interest-tax-credit
  The earned income tax credit is good news for all of you who have a low-to-moderate financial condition. The IRS allows an earned income tax [...]

Everything you need to know about the October 15 Tax filing deadline

October-15th-Tax-Deadline
Are you one of those 15 million taxpayers who have filed for an extension to their tax filing deadline? If yes, then the clock is ticking, and you need to [...]

2 tax credits that will help you through college

Educational-Tax-Credits
Now you can avail tax credits on money paid for your own or your dependent’s post-high school education, thus getting a significant tax break. The purpose [...]

Having tax debts? Your Passport could get impounded

Tax-Defaulters'-Passport-Impounded
Did you hear that the IRS is impounding the passport of tax defaulters? Yes, if you have uncleared tax dues, then you need to take corrective measures to [...]

Great News! The IRS is waiving the 2018 estimated tax penalty

Estimated-Penalty-Tax-Waiver
We have welcome news for all 2018 taxpayers who did not avail waiver for their income tax penalties in the last tax cycle. The IRS has announced that it will [...]

Business-From-Home? Make use of these tax credits

Tax-Credits-For-Home-Business-Owners
There is great news for entrepreneurs who run their business from the comfort of their couches.! They can now deduct a certain part of their expenses from [...]

Claim tax credit for the paid leaves you provide your employees

Paid-Leaves-Tax-Credit
  Did you know that the IRS gives tax credits to employers who provide paid family and medical leaves to their employees? Yes, you heard it right! [...]

Why you should become an IRS volunteer

IRS-Volunteer
Have you ever wished to contribute to the weaker section of the society, but refrained because of a tight financial budget? Well here is a chance for you to [...]

It’s Time To Pay Taxes On Your Cryptocurrency

Cryptocurrency-Tax
If you are an owner of any type of virtual currency, then you need to revisit the tax returns you filed in the 2019 tax season, especially, if you have [...]