News | Masters Tax 2020

CHEQUES DE REMBOLSO DE IMPUESTOS NO ENTREGADOS O SIN RECLAMAR

Apr 13
1 min

CHEQUES DE REMBOLSO DE IMPUESTOS NO ENTREGADOS O SIN RECLAMAR

Cada año, millones de reembolsos de impuestos federales y estatales no se entregan o no se reclaman. Si no declaró impuestos o no recibió...

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IRS KICKS OFF ANNUAL DIRTY DOZEN WHITH WARNING ABOUT PHISHING AND SMISHING SCAMS

Masters Tax

Mar 28
5 min

IRS KICKS OFF ANNUAL DIRTY DOZEN WHITH WARNING ABOUT PHISHING AND SMISHING SCAMS

The Internal Revenue Service today kicked off the annual Dirty Dozen list with a warning for taxpayers to be aware of evolving phishing...

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ARE YOU THINKING OF SUBMITTING AN EXTENSION? PLEASE NOTE THE DEADLINE AND PENALTY FOR LATE DECLARATIONS

Masters Tax

Mar 25
2 min

ARE YOU THINKING OF SUBMITTING AN EXTENSION? PLEASE NOTE THE DEADLINE AND PENALTY FOR LATE DECLARATIONS

The end of the tax season is approaching, the Internal Revenue Service (IRS) set a deadline of April 15, however you can request an...

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AVOID TAX RETURN MISTAKES, REDUCE PROCESSING DELAYS

Masters Tax

Mar 22
2 min

AVOID TAX RETURN MISTAKES, REDUCE PROCESSING DELAYS

As the April 15 filing deadline approaches, the Internal Revenue Service issued a reminder to taxpayers on ways to prevent typical errors...

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Masters Tax

Mar 18
1 min

CAUTION INCREASES MAIL THEFT

More and more people are waiting for their refund and in many cases the refund check is not direct to the bank account, but the IRS sends...

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IRS encourages eligible non-filers in 2020 to claim their Recovery Rebate Credit before May 17 deadline

Masters Tax

Mar 11
2 min

IRS encourages eligible non-filers in 2020 to claim their Recovery Rebate Credit before May 17 deadline

The Internal Revenue Service today reminded those who may be entitled to the COVID-era Recovery Rebate Credit in 2020 that time is...

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Masters Tax

Mar 4
2 min

1099-K facts vs myths

Myth: People will get a Form 1099-K from friends and family sending them personal payments. Fact: Payments from friends and family should...

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IRS: Many farmers and fishers face March 1 tax deadline

Masters Tax

Feb 26
1 min

IRS: Many farmers and fishers face March 1 tax deadline

The Internal Revenue Service today reminded farmers and fishers who chose to forgo making estimated tax payments by January that they...

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INCREASE TO THE CHILD TAX CREDIT AND CHANGES TO DEDUCTIONS TAX YEAR 2023

Masters Tax

Feb 22
1 min

INCREASE TO THE CHILD TAX CREDIT AND CHANGES TO DEDUCTIONS TAX YEAR 2023

The standard deduction amount has been increased for all filers. The amounts are: Single or married filing separately — $13,850. Head of...

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Masters Tax

Feb 16
1 min

PIN (IP PIN)

Do you know an Identity Protection PIN (IP PIN) is a proactive way to protect you against tax-related identity theft? Tax-related...

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Masters Tax

Feb 10
1 min

THE POLITICS OF POVERTY

Last week, the House of Representatives passed a $78 billion tax bill that included, among other things, an expansion of the existing...

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Masters Tax

Feb 5
1 min

TAX SCAM

Thousands of people have lost millions of dollars and their personal information to tax fraud. Scammers use postal mail, telephone and...

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Masters Tax

Jan 30
1 min

NOT EVERYTHING THAT GOLD

It's tax time and, like many people, you may be looking for a tax preparation service — especially one that's free. Intuit, the company...

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Filing an accurate return can help avoid delays in your tax refund

Masters Tax

Jan 20
1 min

Filing an accurate return can help avoid delays in your tax refund

Tips to help people file in 2024 The IRS encourages taxpayers to take steps now to prepare to file their 2023 individual federal tax...

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California Earned Income Tax Credit CalEITC

Masters Tax

Apr 11, 2023
1 min

California Earned Income Tax Credit CalEITC

Overview You may be eligible for a California Earned Income Tax Credit (CalEITC) up to $3,417 for tax year 2022 as a working family or...

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Masters Tax

Mar 21, 2023
4 min

Tax Credits vs. Tax Deductions

It's possible you could benefit from tax deductions and credits when you prepare your tax return. The IRS calculates these types of tax...

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What to do if you already paid taxes for your relief or stimulus checks in California

Masters Tax

Mar 15, 2023
2 min

What to do if you already paid taxes for your relief or stimulus checks in California

Earlier this month, the Internal Revanue Service (IRS) warned taxpayers who had received a stimulus check from their state to postpone...

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Why first-time business owners shouldn’t do their own taxes

Masters Tax

Mar 6, 2023
2 min

Why first-time business owners shouldn’t do their own taxes

Americans who became self-employed or started a business in 2022 should hire an accountant to do their tax returns to maximize allowable...

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Those filing fake returns face potential penalties, investigation

Masters Tax

Mar 4, 2023
2 min

Those filing fake returns face potential penalties, investigation

IR-2023-38SP, 3 de marzo de 2023 WASHINGTON — The Internal Revenue Service issued a consumer alert today to warn taxpayers of new scams...

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May 15 tax deadline extended to Oct.16 for disaster area Taxpayers in California Alabama and Georgia

Masters Tax

Feb 27, 2023
3 min

May 15 tax deadline extended to Oct.16 for disaster area Taxpayers in California Alabama and Georgia

IR-2023-33, Feb. 24, 2023 WASHINGTON — Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct....

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