Tax
Tax Topic 152 -The Answer To Your Tax Refund
You might have noticed Tax Topic 152 on your list of refund status when you used your tax return and went to that status. It makes it difficult for the average taxpayer to understand – is it going to make any difference in my refund or what do I mean by it. The IRS has…
What Is A K1 Tax Form? In-Depth Guide To K-1 & K1 Taxes
A K-1 tax form, also known as a Schedule K-1, is a tax filing in the United States to report an individual of pass-through entity share of income, losses, deductions and credits. These are partnerships, S corporations and trusts or estates. They also do not need to pay income taxes at business level but rather…
Taxpayers Stimulus Checks: Who Gets It, When, And When You Were Not There
The term Taxpayers Stimulus Checks is one that people continue to search since the initial stimulus checks was not always automatic, the conditions varied across rounds and many checks ended up delayed, reduced or not received at all as a result of tax filing loopholes. Although extensive stimulus packages were associated with previous emergency relief…
IRS Tax Kiosk Closures: What Taxpayers Need To Do At This Time
The IRS Tax Kiosk Closures has ended its program of self-service tax kiosks within some of its Taxpayer Assistance Centers (TACs). These kiosks were installed to provide taxpayers with a quick, walk-in method to perform simple tasks with the IRS without necessarily having to wait in line for an employee, namely, those tasks that required…
No Tax On Overtime: Complete Explanation, Start Dates, Rules, And State Updates
The phrase “No Tax On Overtime” has become one of the most talked-about topics among employees, HR teams, payroll managers, and businesses. Many workers have heard about proposals, discussions, and policy ideas suggesting that overtime earnings could become tax-free. However, clarity around when does no tax on overtime start, what does it mean, who qualifies,…