The IRS is sending two new forms this year. One to people who received the monthly advanced Child Tax Credit Payments and one to people who received a stimulus payment in 2021. If you got either of those, you will...
The tax deadline has come and gone, but before you throw all of your tax documents up in the air to celebrate the occasion, we need to discuss just how long you should keep that info in a safe and...
This post can be found en Español here. If you were employed during 2020, you should receive your Form W-2 (officially known as the Wage and Tax Statement) from your employer soon since employers are required to send them out...
If you are self-employed, a freelancer, contractor, or work a side gig, you may be used to receiving Form 1099-MISC that reports your self-employed income at tax time. Beginning with tax year 2020, the IRS will require your self-employment income...
You may or may not have heard that the IRS launched a newly redesigned Form W-4 used to adjust federal tax withholding, which is effective starting with the tax year 2020 (the taxes you file in 2021). The IRS created...
In June 2018 the IRS announced they were working on changes to the 1040 tax forms. The new 1040 form consolidates the three versions of the 1040 into one form. In addition to shortening Form 1040, the changes eliminate Forms...
If you earned a little income on the side, you might be wondering if you still need to file a Form 1040 if you’re self-employed. The simple answer to this question is yes, almost certainly! The threshold requiring you to file a...
Today the IRS announced they are working on changes to the 1040 tax forms. The IRS said that “this new approach will simplify the 1040 so that all 150 million taxpayers can use the same form. The new form consolidates...
If you’re self-employed, it is important to remember that your tax situation will be different from those who just have an employer, meaning that you will need to use some different forms to file your taxes. But don’t fret: TurboTax...
If you are eager to file your taxes, either because you’re due a tax refund or you just want to get it out of the way, the IRS has announced they will be accepting paper and electronic returns starting Monday,...
The IRS is sending two new forms this year. One to people who received the monthly advanced Child Tax Credit Payments and one to people who received a stimulus payment in 2021. If you got either of those, you will... 
