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Taxpayers in the United States with valid Social Security numbers may be eligible for a federal Earned Income Tax Credit if they meet certain criteria. The Internal Revenue Service has created an online "EITC Assistant" to help you determine if you are one...
Entrepreneurs who participate in the "Sharing Economy" may be granted a new worker status as the traditional classifications of employee and independent contractor no longer fit this modern group of workers. Also known as the Gig Economy or the On-Demand Economy,...
California's Franchise Tax Board, which is responsible for administering the state's personal income tax and corporation tax programs, has recently launched an enhanced version of the website California taxpayers use to file and pay their taxes. The improved site,...
The Internal Revenue Service has published an article to help you determine whether foreign taxes you pay qualify for the Foreign Tax Credit. They list four criteria for you to evaluate the taxes you paid outside the United States. In brief, they are: The tax...
The Internal Revenue Service has been working with the states and tax professionals to increase security for taxpayers. The IRS reminds taxpayers of scams to avoid as part of its "Dirty Dozen" series. Identity theft at tax season is the first on its list. The IRS...
On January 27, 2016, the Department of Justice announced that it reached its final non-prosecution agreement under Category 2 of the Swiss Bank Program with HSZH Verwaltungs AG (HSZH). The department has executed agreements with 80 banks since March 30, 2015, when it...
Taxpayers have been receiving letters with incorrect Identity Protection PIN numbers from the IRS. Notices are listing an incorrect filing year, the agency reported, which has created confusion for many taxpayers and tax professionals. According to a statement updated...
The various IRS tax filing deadlines for employer forms have been announced. Be sure to mark the following on your calendar for timely submission: February 1, 2016 - Forms 940, 941, 943, and 944, related to employer tax returns. February 29, 2016 - Paper filing of...
Tax season is here and so are criminals who want to steal your identity. Tax-related identity theft occurs when someone misuses your Social Security number to file a tax return or to report earnings. Warning signs of misuse of your Social Security number include...
Paying U.S. taxes while overseas doesn't have to be difficult with this year's improved IRS.gov help guides. In addition to the standard International Taxpayer page, U.S. citizens and other international taxpayers living outside the U.S. can now watch videos to learn...
