Are you aware of Data Breach or Identity Theft? IRS has been continually guiding and spreading awareness amongst people regarding #Frauds happening while filing the taxes. Frauds are not limited only to filing false taxes or filing taxes with incorrect data. False exemptions or deductions, a false or altered document, failure to pay tax, unreported
Did you know IRS holds nationwide virtual Tax Forums beginning from July?
The virtual format allows experts from the IRS and its connotation partners to educate and update the tax professional’s community on tax law, cyber security, ethics, and other topics. Registering and attending these virtual conferences will allow many to fully satisfy their annual continuing educational requisites. In addition to this, attendees are requested to share
Announcement Alert! Extension date for Taxpayers in the United States
Are you rushing to prepare for your federal tax? Don’t worry! IRS has extended the filing due date from April 15 to May 17. As per the tweet mentioned below -IRS has extended the federal income tax filing and payment due date to May 17, 2021. ???????? The federal income tax filing and payment due
Know about IRS tax extension Form 4868
What is tax extension Form 4868? Need more time to prepare your federal tax return this year? Form 4868 is an application to submit Internal Revenue System (IRS) for an automatic extension of time to file United States individual income tax returns. It grants six months of extension to file income tax returns due on
Form 1040 – A complete guide for individual tax filing
What is IRS Form 1040? Form 1040 is an IRS (Internal Revenue Service) form for an individual tax filing for United States citizens. The form calculates the taxpayers’ total income and decides how much is to be paid and refunded by the government. The Tax Day is usually April 15 every year unless it falls
Let’s understand Stimulus Check
Snippets of CARES Act: On March 27th, 2020, U.S. Congress launched the Paycheck Protection Program (PPP Loan) with $2 trillion economic relief package in the interest of safeguarding small businesses, professions, jobs across U.S. from the public health and economic impacts of COVID-19. The stimulus package is one of those relief programs which backed up