The IRS has released updated information on the Work Opportunity Tax Credit (WOTC), available to employers that hire designated categories of workers who face significant barriers to employment. For employers facing …
The recently passed Inflation Reduction Act has generated a lot of confusion for individual taxpayers and large corporations alike. Sensational headlines have given rise to misleading or downright wrong articles …
To help struggling taxpayers affected by the COVID-19 pandemic, the IRS issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late. …
The IRS announced that interest rates will increase for the calendar quarter beginning October 1, 2022. For individuals, the rate for overpayments and underpayments will be 6% per year, compounded …
The Internal Revenue Service and the Federal Trade Commission will sponsor a free webinar designed to help everyone recognize and combat tax scams and tax-related identity theft. The webinar will …
For many new grads and other people entering the workforce for the first time, filling out new hire paperwork can be confusing—what’s a W-4, anyway? New employees should ensure they …
When people go through a legal separation or divorce, the change in their relationship status also affects their tax situation. The IRS considers a couple married for filing purposes until …
Tax scams are a problem all year long, but tend to be more common right after the filing season is over. Many frustrated taxpayers are trying to resolve issues, especially …
Anyone who has not yet filed their 2021 tax return, including those who requested an extension, should file as early as possible once they have all their information together. There’s …
What is the WOTC? This long-standing tax benefit encourages employers to hire workers certified as members of any of ten targeted groups facing barriers to employment. With millions of Americans …
