Tax Tip 2021-52
Do’s and don’ts for taxpayers who get a letter
or notice from the IRS
The IRS mails letters or notices to taxpayers for a variety of reasons including if:
Do’s and don’ts for taxpayers who get a letter
or notice from the IRS
The IRS mails letters or notices to taxpayers for a variety of reasons including if:
Taxpayers shouldn’t believe these myths about
federal tax refunds
Now that many taxpayers have filed their federal tax returns, they're eager for
details about their refund. When it comes to refunds, there are several common
myths that can mislead taxpayers.
An offer in compromise may help some taxpayers
settle their tax bill
Individual taxpayers and business owners can use the IRS’s recently updated Offer in Compromise Booklet to learn how an offer in compromise works and decide if it could help them resolve their tax debt.
From IRS.gov
Filing season reminder: An extension to file is
not an extension to pay taxes
For most individual taxpayers the tax filing and payment deadline was postponed to May 17. Those who need more time to file beyond the postponed date, can request an extension to file.
From IRS.gov
Tips for taxpayers who work in the gig economy
The gig economy allows people to earn income by using technology to arrange transactions. This could include performing rideshare services or deliveries, renting out property, selling goods online, or providing freelance work. Often, customers and providers of goods or services are brought together through a digital platform on an app or website.
Go here to find out more: https://www.irs.gov/newsroom/new-requirement-applies-to-any-business-seeking-a-tax-id-number-irs-offers-data-security-tips-during-national-small-business-week