education
What is the difference between 433-A and 433-A OIC?
Taxpayers using aForm 433-F usually make their income from wages or independent contractor income. Form 433-A(OIC),Collection Information Statement for Wa...
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global news
Is Sophia The robot still alive?
Sophia’s dialogue is generated via a decision tree, but is integrated with these outputs uniquely. According to The Verge, Hanson often exaggerates and “g...
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arts
What is the deadline for paying 2019 income tax?
This year, though, late filing could also result in disruptions to COVID-19 income support payments. Filing your 2019 and 2020 taxes by April 30 is the “b...
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local updates
When can you deduct healthcare expenses?
For tax returns filed in 2021, taxpayers can deduct qualified, unreimbursed medical expenses that are more than 7.5% of their 2020 adjusted gross income. ...
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technology insights
Can IRS go back 20 years?
20 years? The good news is that the IRS does not require you to go back 20 years, or even 10 years, on your unfiled tax returns. In most cases, the IRS re...
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business
Can veterans lose their disability benefits?
In certain circumstances (in addition to no longer being disabled), a veteran can lose his or her disability benefits. If a veteran commits treason, mutin...
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environment
Do you have to be a New Jersey resident to return to New Jersey?
New Jersey residents working or living abroad have the same filing and payment requirements as residents living in New Jersey. Part-Year Residents. There ...
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arts
Whats per diem means?
for each day Per diem is a Latin phrase that means “for each day.” Per means “for each” and diem means “day” in Latin. People often use the phrase per die...
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education
How do I report miscellaneous income to the IRS?
If you’re not an employee of the payer, and you’re not in a self-employed trade or business, you should report the income on line 8 of Schedule 1 (Form 10...
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environment
When do I have to pay my installment agreement?
INFORMATION FOR… To help people facing the challenges of COVID-19 issues, the IRS through the People First Initiative, will temporarily adjust and suspend...
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