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IRS delays will be 'extraordinarily high' again, warns The agency's taxpayer advocate.
The Internal Revenue Service will once again have "extraordinarily high" delays in processing returns, the agency's National Taxpayer...

Masters Tax
Feb 9, 20222 min read


IRS issues confusing advice on reconciling child tax credit
Yesterday, the IRS updated its Child Tax Credit (CTC) and Advance Child Tax Credit (ACTC) fact sheet (FAQ) with additional information on...

Masters Tax
Feb 2, 20225 min read


IRS wants to scan your face
Starting this summer, you’ll need to provide a video of your face to access the agency’s website. It’s a major expansion of the use of...

Masters Tax
Jan 28, 20229 min read


Here's how long it will take to get you tax refund in 2022
Three-quarters of all Americans get an annual tax refund from the IRS, which often is a family's biggest check of the year. But with this...

Masters Tax
Jan 27, 20226 min read


Tax season is underway, and taxpayers are facing an overburdened IRS.
Count Ethan Miller, 30, among that subgroup of Americans who are really itching to file their taxes now that filing season has kicked off...

Masters Tax
Jan 25, 20223 min read


Venmo, PayPal and other payment apps have to report to the IRS
about your sideline if you earn more than $600 a year. The sign on the barber shop door read "Cash Only Please!" He wasn't sure, but he...

Masters Tax
Jan 22, 20224 min read


Child tax credit: What parents need to know to get the rest of the payment in 2022
For millions of parents across the country, the New Year began without a monthly deposit from the expanded child tax credit, a...

Masters Tax
Jan 20, 20224 min read


IRS Forms 1099 Arrive With Tax Dangers Galore.
IRS Forms 1099 generally come in the mail around the end of January or early February and report how much you were paid in the prior...

Masters Tax
Jan 19, 20223 min read


Amid Chaos, IRS Attempts A Return To Normal
E-filing of individual tax returns for the 2022 filing season opens on January 24. The tax deadline is Monday, April 18, 2022. Until...

Masters Tax
Jan 18, 20224 min read


IRS to commence tax season early, warns of potential hiccups due to pandemic and funding issues
Tax season will begin early this year and is already forecast to be an especially "frustrating" one, the Internal Revenue Service has...

Masters Tax
Jan 13, 20223 min read


IRS Announces 2022 Tax Filing Start Date
The Internal Revenue Service announced today that the 2022 tax filing season will open on Monday, January 24th, 2022. That’s when the IRS...

Masters Tax
Jan 11, 20223 min read


Tax season starts two weeks early due to virus, IRS funds
This year's tax filing season will begin on January 24, 17 days earlier than last year, the Internal Revenue Service announced Monday....

Masters Tax
Jan 10, 20222 min read


Stimulus check of up to $ 8,000 for families with two children in 2022:
How do you know if you qualify and when the IRS sends it? Looking ahead to 2022, the Internal Revenue Service (IRS) seeks to grant...

Masters Tax
Dec 29, 20212 min read


IRS Plus-Up Payments Schedule: How to get the last check.
Before 2021 comes to an end, the Internal Revenue Service (IRS) continues to send the additional payments that many Americans are...

Masters Tax
Dec 27, 20212 min read


New 2022 IRS Standard Mileage Rates.
The Internal Revenue Service (IRS) has issued new standard mileage rates for operating an automobile for business, charitable, medical or...

Masters Tax
Dec 23, 20212 min read


Single, married, or head of household: Which marital status pays the least taxes?
The filing status with which you report to the IRS determines how much you pay in federal and state taxes each year, hence the importance...

Masters Tax
Dec 21, 20215 min read


Tax Season 2022: What to do if the IRS owes me money and when will I be able to receive it.
Due to the high workload and office closures, the Internal Revenue Service (IRS) has thousands of delays, so thousands of tax returns are...

Masters Tax
Dec 20, 20211 min read


IRS Payment of Up to $ 1,800: Who Will Get It and How to Access It.
With the approval of the ‘American Rescue Plan’, millions of families benefited from an increase and advance in credit. Previously, the...

Masters Tax
Dec 16, 20212 min read


IRS launches new identification process to access online services.
The Internal Revenue Service (IRS) launched a new system to access online services with which your identity must be verified to use...

Masters Tax
Dec 9, 20212 min read


A Handbook on How the IRS Gift Tax Law Applies to Parents and Their Children
We have heard from various readers about the mention of elder abuse in a recent column, and one reader suggested reporting the abuser to...

Masters Tax
Dec 8, 20214 min read
