Have you filed your 2018 federal tax return? If not, you could be one of the estimated 1.5 million taxpayers who did not file for 2018 and could be owed a tax refund. The IRS released a reminder today stating there is almost $1.5 billion in unclaimed tax refunds due,...
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Month: March 2022
IRS Hopes To Hire 5,000 in 2022
As the IRS continues to catch up with its backlog of processing 2020 income tax returns, and in an effort to more efficiently serve taxpayers this tax season, the IRS has announced they will be hiring for more than 5,000 open positions. These new customer service...
What Triggers an IRS Audit?
The Wall Street Journal listed 10 Red Flags that the IRS looks out for. Tax credits for children, healthcare premiums, earned income, and now pandemic related grants, loans, and credits make up a majority of their list. Other red flags are small business, especially...
From Gig to Crypto – the IRS Reminds Taxpayers to Report
With the tax filing deadline approaching, the IRS is reminding taxpayers of their obligation to report income and assets from any gig economy, virtual transactions, and/or foreign countries. Many taxpayers earn income through the gig economy due to advances in...
