Why do I owe a penalty and interest and what can I do about it?

Do you owe a penalty? Here’s why and what you may be able to do about it. There are many […] The post Why do I owe a penalty and interest and what can I do about it? appeared first on T...

Making Cents of the Educator Expense Deduction

Did you know that if you’re an eligible educator, you can deduct up to $300 of unreimbursed business expenses? And […] The post Making Cents of the Educator Expense Deduction appeared first o...

Is that CP53E notice from the IRS a scam?

There has been a lot of information in the news about how the IRS is moving away from paper checks. […] The post Is that CP53E notice from the IRS a scam? appeared first on Taxpayer Advocate ...

Certain Medicaid Waiver Payments May Be Excludable From Income

Learn if Medicaid waiver payments are tax-exempt, how to report them, and when to file an amended return to claim […] The post Certain Medicaid Waiver Payments May Be Excludable From Income a...

Preparing for a Disaster

Be prepared for disasters with smart recordkeeping. Learn how to protect tax records, access IRS information online, and qualify for […] The post Preparing for a Disaster appeared first on Ta...

Protect Your Potential COVID-19 Disaster Relief Refunds By Filing Formal or Protective Claims for Refund (Part III)

Don’t miss your refund. Learn how to file Form 843, choose between refund and protective claims, and avoid common mistakes […] The post Protect Your Potential COVID-19 Disaster Relief Refunds...

How to Use IRS Tax Account Transcripts to Identify Potential COVID-19 Disaster Relief Refunds (Part II)

Check your IRS transcript for potential COVID-era refunds. Learn how to find key information and identify penalties or interest you […] The post How to Use IRS Tax Account Transcripts to Iden...

Small business tax highlights

  Small business tax highlights   The form of business you operate determines what taxes you must pay and how […] The post Small business tax highlights appeared first on Taxpayer Advoca...

Small Business Filing and Recordkeeping Requirements

  Small Business Filing and Recordkeeping Requirements There are about 57 million small businesses and self-employed taxpayers in the United […] The post Small Business Filing and Record...

Tens of Millions of Taxpayers May Be Eligible for Significant Tax Refunds – If They Act by July 10 (Part I)

Millions may qualify for refunds on COVID-era penalties and interest. Learn how to claim yours and why you must act […] The post Tens of Millions of Taxpayers May Be Eligible for Significant ...