Tag Archives for " tax considerations "
What Independent Contractors Need to Know About Taxes
If you’re self-employed or a freelancer, you are likely paid as an independent contractor rather than as an employee. And paying taxes as an independent contractor is different from paying employee taxes.Many
Read MoreIRS cites 1700 cases of unauthorized access of taxpayer data
The Internal Revenue Service has investigated nearly 1,700 cases of unauthorized access of taxpayer data by its own employees in the past decade, and over one-fourth of them turned out to be violations
Read MoreIRS destroyed 30M paper information returns
Because of an IRS backlog of paper tax returns and its inability to process them, the agency decided to destroy an estimated 30 million paper-filed information return documents in March 2021, according
Read MoreHow to Pay No Income Taxes
Find out what it takes to be part of the "44%" who don't pay taxes.You've probably heard about the famed 44% of Americans who pay no income taxes at all. How do you join this club? Here are several ways
Read MoreCan you claim the home-office deduction?
Did you work from home this year? Find out when you can claim the home-office tax deduction. If you were part of the “Great Resignation” and it lead you to start a business or become your own
Read MoreCompanies Worry About Crypto Accounting & Taxes
Businesses that have been investing in cryptocurrencies like Bitcoin and Ethereum are dealing with uncertainty regarding crypto accounting and taxes as the Securities and Exchange Commission and the Internal
Read MoreCybersecurity firm warns of a new threat to tax pros
As tax season comes to a close, researchers at a cybersecurity company are seeing a new type of phishing attack embedded within documents sent via email to tax professionals.Consumers aren’t the
Read MoreThe IRS is Going on a Hiring Spree
The Internal Revenue Service is looking to hire more than 5,000 employees in three cities over the next few months, and another 5,000 employees over the course of the next year. It has also added voice
Read MoreFact-Checking the President’s Remarks on Tax Policy
The president's tax policy is framed in the idea that our tax code is unfairly weighted in favor of high-income people. It's an idea that is widely accepted, but it’s just not true.President Biden delivered
Read MoreWhere’s My Refund?
Now you can check the status of a tax refund in just a few clicks using the Where’s My Refund tool created by the IRSBy far, the question most asked of any tax professional (erroneously, because we have
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