technology insights
Should I amend my tax return if I forgot a w2?
The IRS will often automatically make a correction to your tax return for missing or incorrect W-2 or 1099 forms. You do not need to amend your federal ta...
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technology insights
Can non residents file taxes late?
If your tax return shows no tax liability or you’re entitled to a refund, you will not have to pay any penalties for filing your tax return late. If you’r...
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education
Why is my second stimulus check being mailed instead of direct deposit?
If you’re getting your check by mail even though you expected to get the money via direct deposit, it may be because your banking info with the IRS isn’t ...
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environment
When do I get my 1095-A and Form 8962?
The request for Form 8962 and Form 1095-A is usually sent to taxpayers on the IRS’s 12C Letter. “When we receive the requested information, we’ll use it t...
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local updates
When is the deadline to file your 2019 tax return?
If you e-filed an extension or did not file a 2019 tax return by April 15, 2020 or later, and expect to owe Taxes, e-file your 2019 Tax Return by Oct. 15,...
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arts
How do I change my bank details for my refund?
Log in to the ‘e-filing’ portal Go to the tab ‘My Account’ located on the top left-hand side of the page. Under the ‘My Account’ tab, choose ‘Service Requ...
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health
Can I show options loss in income tax?
When you buy an open-market option, you’re not responsible for reporting any information on your tax return. However, when you sell an option—or the stock...
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global news
When does the IRS ask for identity verification?
When the IRS suspects a return is fraudulent, the agency will request identity verification from the person whose name and address is listed on the return...
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global news
Can married couples both contribute to 401k?
The IRS requires that 401(k) accounts must remain in each person’s name, and you cannot combine two 401(k)s belonging to two spouses. Each spouse can have...
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health
When did Congress pass the Tax Relief Act?
Congress made many significant tax changes in late 2010, including passage of the Tax Relief Act, that will have a major impact over the next several year...
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