Amending Your Tax Return
2023-11-30 14:07
When should you amend your tax return and when is it required that you do so? You need to file one with the IRS each year if your income is over the requisite level, which depends on your age and fili...
Do You Make Money via Venmo, PayPal or Cash App?
2023-11-23 13:52
Last week, the Internal Revenue Service announced it would delay a tax reporting law that would impact anyone who receives money through online payment systems like Venmo, PayPal, Cash App or Zelle. T...
Is Unemployment Compensation Taxable Income?
2023-09-19 14:05
Unemployment benefits can be a crucial support for those facing unexpected job loss.
If you collected unemployment compensation for the first time in 2023, you might wonder how it could affect you...
Are HSA Contributions Tax Deductible?
2023-08-08 13:41
Medical costs can add up, depending on the treatments you get and how often you need medical care. Even if you have insurance, you’ll probably have expenses you need to pay for out of pocket.
The...
US Treasury's 2024 Proposals Reveal IRS Enforcement Focus
2023-05-23 08:52
Mark Martin and Thomas Bettge of KPMG in the US discuss enforcement-related proposals in US Treasury’s latest Green Book, and how they would change the tax compliance and enforcement landscape for lar...
IRS Has More Than $1.5 Billion in Unclaimed Tax Refunds
2023-03-30 16:30
The IRS may have your money. The tax agency has announced that more than $1.5 billion in outstanding refunds remain unclaimed from the 2019 tax year. The agency estimates that more than 1.5 million ta...
