by One Hour Tax Service | Feb 22, 2022 | Tax Tips and News
The Internal Revenue Service doesn’t want the March 1 tax deadline for farmers and fishermen to be “the one that got away.” Those taxpayers have to pay their entire tax bill from their respective businesses by that time if they didn’t make estimated tax payments. The...
by One Hour Tax Service | Feb 19, 2022 | Tax Tips and News
Phishing emails are a common threat found in your inbox. While these scams range from too-good-to-be-true business opportunities to aggressive threats from “government agencies,” one specific type—spear-phishing scams—can be more challenging to identify at a glance...
by One Hour Tax Service | Feb 17, 2022 | Tax Tips and News
The Internal Revenue Service wants college students to be a little smarter when it comes to their scholarships and any emergency grants they may have gotten due to the pandemic. The agency is spreading its knowledge by updating frequently asked questions (FAQs) in its...
by One Hour Tax Service | Feb 16, 2022 | Tax Tips and News
The Internal Revenue Service has upped its game in the virtual currency world with a revision of an important reporting form. Form 14457, Voluntary Disclosure Practice Preclearance Request and Application, lets taxpayers—who could face criminal charges for willful...
by One Hour Tax Service | Feb 15, 2022 | Tax Tips and News
The Internal Revenue Service has come to the conclusion that the agency has more on its to-do list than it can get done at one time. Something, they found, had to be “put on the back burner.” In order to service taxpayers filing now for the 2021 tax year, the IRS...
