I was lured into the meme stock madness. What do I need to know?The federal government is coming for its share of your winnings. If you were trading in a […]
Tax Preparers and Preparation
Trending topics and news from the Tax Preparers and Preparation category
Back to news homeChild Tax Credit Payments Have Begun. Should You Opt Out?
“The advance of the credit reduces the total amount of taxes paid,” said Rob Seltzer, an accountant in Los Angeles. “So there could be a problem with an estimated tax […]
Is My Stimulus Payment Taxable? And Other Tax Questions
Ms. Long generally recommends that people getting unemployment benefits choose to have at least 10 percent withheld for taxes to avoid unwelcome surprises.You’ll probably also owe state income taxes on […]
I.R.S. Pushes Back Start of 2020 Tax Filing Season
“This would be the same experience for taxpayers if the filing season opened in late January,” the agency said. By law, the agency cannot issue refunds to people claiming the […]
Stimulus Payment Delayed? You May Need to Claim It on Your Tax Return
Millions of people have already received their $600 federal stimulus payment. But some Americans will have to wait a bit longer — and may have to file their tax return […]