How to Track Your Income Tax Refund and Know When to Expect it

How to Track Your Income Tax Refund and Know When to Expect it More than 45 million taxpayers have filed their income tax forms so far this year, and many are wanting to know when to expect their refund payment. For those who haven’t filed yet, there is less than a month before the filing […]

New Venmo and Cash App Tax Rules for 2022

New Venmo and Cash App Tax Rules for 2022 Making money on PayPal or Cash App? Your transactions will be reported to the IRS Starting January 1, 2022, commercial transactions exceeding more than $600 per year must be reported to the IRS by mobile payment companies including PayPal, Venmo, and Cash App.The American Rescue Plan […]

7 Reasons You May be Targeted for a Tax Audit

7 Reasons You May be Targeted for a Tax Audit An IRS audit is a thorough study or review of taxpayer records and accounts to ensure that you’re properly reporting your income and complying with tax rules. In other words, the IRS is merely double-checking your data to ensure that your return is free of […]