by One Hour Tax Service | Feb 9, 2022 | Tax Tips and News
Protecting taxpayer data from scammers and preventing identity theft tax refund fraud has long been a chief concern for the Internal Revenue Service, and pursuing this mission lead the agency to form the Security Summit. While the agency has worked tirelessly...
by One Hour Tax Service | Feb 5, 2022 | Tax Tips and News
The wait is over; the filing season for 2021 income tax returns has been opened by the IRS. But before taxpayers start sharpening pencils, cranking up the calculator and putting on a pot of coffee, they need to know they’ve got everything together to get the job done...
by One Hour Tax Service | Feb 5, 2022 | Tax Tips and News
The Internal Revenue Service is pushing out a new version of its frequently asked questions (FAQs) for the 2020 Recovery Rebate Credit. The updated information is featured in Fact Sheet 2022-08, which carries the latest information pertaining to tracing payments....
by One Hour Tax Service | Feb 2, 2022 | Tax Tips and News
The Internal Revenue Service has posted a new flock of frequently asked questions (FAQs), all aimed at answering taxpayer questions about the 2021 Child Tax Credit. The new FAQs are published in Fact Sheet 2022-06. The Child Tax Credit, expanded only for the 2021 tax...
by One Hour Tax Service | Feb 1, 2022 | Tax Tips and News
The gates have been opened just a little bit wider so more taxpayers who don’t have children can take advantage of the Earned Income Tax Credit (EITC). The EITC is the largest refundable tax credit in the federal tax structure, aimed at low- to moderate-income...
