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 return. You can iew your tax owed, payments, and payment plans. And you can make payments, apply for payment plans and access your tax records.
You must keep your tax records well. Besides Forms W-2 from your employer, Forms 1099 from banks, issuing agencies and other payers including unemployment compensation, dividends, pension, annuity or retirement plan distributions is almost basic. You may receive Form 1099-K, 1099-MISC, W-2 or other income statement if you worked in the gig economy. Other income documents and records of digital asset transactions must be kept.
Form 1095-A is also necessary to reconcile advance payments or claims Premium Tax Credits for 2022 Marketplace coverage including letters from IRS or other agency. If you lose notice about new Identity Protection PIN, you can have trouble in filing also. For all of these, you’re required to notify the IRS if your address changes.
More taxpayers may receive a Form 1099-K this year. It’s an IRS information return for certain payment transactions like credit card payments. By changing the reporting threshold for third-party settlement organizations including payment apps and online third party settlement organizations, some individuals may still receive a Form 1099-K who have not received one in the past. Taxpayer who may receive a Form 1099 for the first time, especially “early filers” who typically file a tax return during the month of January or early February, must be careful and make sure they have all of their key income documents before submitting a tax return.