Whether you submitted your 2021 tax return early online, selected direct deposit into your bank account, and the IRS determined that there were no “problems” with your return, check your bank account to see if you have a refund waiting ...

Philip Bekmessian and Matthew Talia This is one of the most significant changes to international reporting in recent memory, and the tax industry is concerned about the impact on administrative, financial, and tax risk repercussions of adopting this new reporting ...

The National Restaurant Association and its 52 affiliates have said that more time is required for ERTC requests to be completed. A request has been made to the Internal Revenue Service (IRS) by the National Restaurant Association and all 52 ...

An ACH direct deposit refund or stimulus payment arising from a filed tax return, revision, or tax adjustment is indicated by the IRS TREAS 310 code. According to CNET, 310 is a code that identifies a transaction as a direct ...

In the event that you owe past taxes, have unpaid tax debt, or are involved in a tax dispute with the Internal Revenue Service, you may believe your only alternative is to hire a costly tax debt reduction firm. However, ...

During a press conference today, U.S. Senator Bob Menendez (D-N.J.), a senior member of the Senate Finance Committee that oversees the Internal Revenue Service, was joined by representatives from the Rutgers Law Tax Clinic, tax professionals, and taxpayers to reiterate ...

According to nerdwallet.com, Small-business owners, freelancers, and other self-employed individuals face additional challenges now that new tax relief programmes and regulations are taking effect. Three tax experts, however, say that these new twists and turns may open up new avenues ...

Government officials had 6.7 million unprocessed individual returns on December 4, 2021. Millions of amended returns have not yet been processed into this total. During the Covid-19 pandemic, the agency’s budget and workforce shrank, causing a backlog. The IRS is ...

Some will have to file tax returns this year because of the surge in popularity of cryptocurrencies after record-setting gains in value (which have since dwindled) (IRS). Virtual currency is defined by the IRS as “a digital representation of value, ...

Financial experts have warned that this year’s tax refund may be smaller than usual if you’re used to receiving one at this time of year. It’s possible that millions of Americans will see their refunds reduced in 2022, or even ...