The Internal Revenue Service (IRS) has put in place some provisions to offer financial relief to employers impacted by the coronavirus outbreak. Among those measures is the Credit for Sick and Family Leave. This tax credit applies to the paid leave of employees unable to work because they show coronavirus symptoms, because they have to…
DetailsEconomic Impact Payments are already hitting the accounts of many taxpayers. But many others are puzzled to read the message “Status Not Available” on the IRS’ Get My Payment tool. Why does this happen? These are some of the reasons why you get this message, depending on whether or not you are required to file…
DetailsThe coronavirus outbreak has put the world upside down, and scammers are exploiting the confusion to take advantage of people, targeting them with phishing attempts and malware attacks. Read on to learn more about the most common scams and threats so you can defend yourself and your business from cyber-criminals. Scams Related to Economic Impact…
DetailsEconomic Impact Payments are about to start hitting bank accounts. This relief initiative has been rolled out by the IRS and the Treasury Department and aims to help taxpayers who have been negatively impacted by the outbreak of coronavirus. This brief guide will show you what amount you could receive, which taxpayers qualify to Economic…
DetailsThe Internal Revenue Service (IRS) and the Treasury Department have announced the Employee Retention Credit, a provision aimed at helping businesses financially impacted by the outbreak of coronavirus so they can keep their employees on their payroll. Keep reading to discover how much can you expect to receive and what are the conditions to qualify…
DetailsThe outbreak of Coronavirus has upended the daily lives of people all over the world, and taxes are no exception. As a result, the Internal Revenue Service (IRS) is putting in place a series of measures to offer financial relief to taxpayers who may have experiencing problems filing and paying their taxes under the current…
DetailsThe Internet has brought many benefits, but also risks. There are many individuals who try every day to trick people into giving them their information with malicious intent. The following tips will allow you to protect your data so you can use the Internet with greater confidence. Protect Your Personal Information You can’t be too…
DetailsThis year the filling deadline for your taxes is April 15, so it’s important to make sure you check your tax withholding with the IRS. If you owe taxes, read on. Below you will find the options available to you, depending on your specific case. What to Do if You Owe and Can Pay Those…
DetailsIf you have children or other dependents you may qualify for a Child Tax Credit (CTC). There have been important changes regarding this tax credit, so it’s important that you stay updated. This post will provide you with the essential information and some tools to determine whether you qualify for this credit. Some Basic Facts…
DetailsThe IRS has very stringent rules and regulations regarding tax deductions, so you want to make sure that you are not requesting a deduction you do not qualify for. Therefore, we have gathered five common expenses not to deduct from your income tax returns. These expenses include over-the-counter medicine, commuting and transportation, family pets, volunteer work, and plastic surgeries. Just remember that there may be…
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