According to the IRS, records should be kept for 3 years from the date you filed your original return, and for 7 years if you file a...

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Substance over form. Have you received a W-2 or 1099 with an error? Check forms carefully to ensure accuracy. If you discover a mistake,...

Low-incomers needn't pay back credit overpayments. But others will have to. Families with 2021 modified adjusted gross incomes at or...

The monthly child credit payments aren't taxable. On your 2021 Form 1040, which you file next year, you'll reconcile the payments you got...

Should keep your individual federal tax returns for at least three years. As a general rule, that's how long IRS has to question items on...

It is critical that business owners correctly determine whether the individuals providing services are employees or independent...

Tax pros support a bill to change the due dates for estimated tax payments CONGRESS by individuals. Currently, estimated payments are due...

We are approaching the end of the year, and that means the IRS has been busy processing and reviewing hundreds of millions of returns!...

Let's take a look at the 2021 filing season. Millions of individuals still await refunds from timely filed 2020 tax returns. As of Sept....

If you changed your name because of marriage, divorce, or another reason... Be sure to report the name change to the Social Security...

If an Individual Taxpayer Identification Number (ITIN) was not included on a U.S. federal tax return at least once for tax years 2018,...

Unexpected things can happen when you are away from home. If you find yourself dealing with an automobile accident, theft, or some other...

If you drive on Illinois roadways, then you are subject to the mandatory insurance law in the state. It is one of several measures that...

Auto insurance is necessary because it is a legal requirement. If you carry the correct level of coverage, then you receive financial ...

Unfortunately, you may have been forced 10 lay off or furlough workers during the pandemic, but now you're short-staffed. Strategy: Hire...

Unfortunately, you may have been forced 10 lay off or furlough workers during the pandemic, but now you're short-staffed. Strategy: Hire...

YES and NO YES If you fill out documents with an agency that does not have an ITIN Acceptance Agent license, you will have to send your...

YES, but the time of your arrival is important. Depending on which time you arrived on time. An Individual Taxpayer Number is issued for...