Some identity thieves use taxpayers' information to file fraudulent tax returns. By requesting Identity Protection PINs from the Get an IP PIN tool on IRS.gov, taxpayers can prevent thieves from claiming tax refunds in their names. Seeing that it is free, this is a no brainer.
Crowdfunding is a method of raising money through websites by soliciting contributions from a large number of people. The contributions may be solicited to fund businesses, for charitable donations, or for gifts. In some cases, the money raised through crowdfunding is solicited by crowdfunding organizers on behalf of other people or businesses. In other cases, people establish crowdfunding campaigns to raise money for themselves or their businesses.
As part of a larger hiring effort underway, the IRS plans to hire more than 200 technologists to help the age
Virtual currency is a digital representation of value, other than a representation of the U.S. dollar or a foreign currency ("real currency"), that functions as a unit of account, a store of value, or a medium of exchange.
-IRS
While virtual currency has been around since 2009, it has become better know over the last couple of years. Although there are now dozens of them, some of the most popular names are bitcoin, ethereum, dogecoin and litecoin.
The Internal Revenue Service (IRS) has decided to no longer force taxpayers to submit a scan of their face to access their taxes online.
The Departments of Labor, Health and Human Services, and the Treasury issued a set of FAQson health plans’ coverage of OTC COVID-19 tests in view of President Biden’s actions and ACA, FFCRA, and CARES Act requirements. In general, health plans and issuers must cover the cost of or reimburse participants for OTC rapid COVID-19 tests.
Taxpayers can find the amounts of their 2020 economic impact payments (EIPs) from their online account, IRS Notices 1444 and 1444-B, or their 2020 account transcript. A new IRS FAQ explains the procedure for requesting a trace to track a missing payment when the taxpayer’s online account shows a first or second EIP the taxpayer did not receive.
The American Rescue Plan Act provides tax relief to small business owners and their employees. Here are five of the tax changes:
Since they don't teach proper history in school anymore, a discussion on how totalitarian rule begins has been eliminated or is just used as a footnote somewhere along the line. But to those of us who do like to learn from history, there are two things that precede dictatorships - even those that pretend to be democracies. Those two things are:
The Speaker of the House crammed through the "Build Back Better" bill this week. There is nothing "better" about this bill. The non-partisan Congressional Budget Office says the 2,100 page bill will cost more than $4 trillion and add at least $367 billion to the deficit over the next ten years. There are so many problems with this terrible bill, but here are a few of the worst sections: