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Steps to make tax filing easier in 2023
You have some stuffs in order to file tax return successfully in 2023. First of all, use online account to securely access the latest information available about your federal tax account and see information from your most recently filed tax...
Alerts on Tax Scams
Here are the samples of tax scams as follows. : Threaten to immediately bring in local police or other law-enforcement groups to have you arrested for not paying. : Demand that you pay taxes without giving you the opportunity to...
Amended returns by e-filing are allowed for direct deposit
The IRS announced that people electronically filing Form 1040-X (Amended U.S Individual Income Tax Return) will be able to select direct deposit for any resulting refund. Previously, taxpayers who filed Form 1040-X with had to wait for a paper check...
The age for required minimum distributions rises
There is a term Required Minimum Distribution (RMD) in retirement account. This is to prevent the intention to avoid tax obligations through financial products with tax benefits. It means that when you reach a certain age, don’t delay it anymore...