News & Helpful Information
Worker Classification 101: Employee or Independent Contractor
A business might pay an independent contractor and an employee for the same or similar work, but there are key legal differences between the two. It is critical for business owners to correctly determine whether the people providing services are employees or independent contractors.
All Taxpayers Should Familiarize Themselves With the Taxpayer Bill of Rights
By law, all taxpayers have fundamental rights when they’re interacting with the IRS. It’s important that all taxpayers know and understand their rights. The Taxpayer Bill of Rights presents these rights in 10 categories.
What People New to the Workforce Need to Know About Income Tax Withholding
For many new grads and other people entering the workforce for the first time, filling out new hire paperwork can be confusing—what’s a W-4, anyway? New employees should ensure they understand their tax situation and do some planning now, so they’re in good shape at tax time next year. It’s important to know the correct amount of tax to withhold.
Here’s What Businesses Need to Know About the Enhanced Business Meal Deduction
The IRS encourages businesses to begin planning now to take advantage of tax benefits available to them when they file their 2022 federal income tax return. This includes the enhanced business meal deduction. For 2021 and 2022 only, businesses can generally deduct the full cost of business-related food and beverages purchased from a restaurant.
IRS Warns Taxpayers of ‘Dirty Dozen’ Tax Scams for 2022
The Internal Revenue Service today began its “Dirty Dozen” list for 2022, which includes potentially abusive arrangements that taxpayers should avoid.
Scam Alert: Individuals Impersonating DCA Investigators
Dear Licensee: The Division of Consumer Affairs (DCA) is warning all licensed professionals about individuals impersonating DCA investigators, Drug Enforcement Administration (DEA) agents and investigators,
School is Out for the Summer, But Tax Planning is Year-Round
Now that the April filing deadline has passed, most people are spending more time thinking about summer vacations than taxes. However, summer is a great time to review withholding and see if summer plans will affect next year’s tax return.
Many Tax-Exempt Organizations Must File Information Returns By May 16, 2022
Even though organizations like charities and foundations may be tax-exempt, the IRS still requires them to file certain information every year.
How Taxpayers Can Check the Status of Their Federal Tax Refund
Once a taxpayer files their tax return, they want to know when they’ll receive their refund. The most convenient way to check on a tax refund is by using the Where’s My Refund? Tool on IRS.gov.
What Someone Should Do If They Missed the April Deadline to File and Pay Taxes
The federal income tax deadline has passed for most individual taxpayers. However, some haven’t filed their 2021 tax returns or paid their tax due.