Tax pros support a bill to change the due dates for estimated tax payments CONGRESS by individuals. Currently, estimated payments are due in April, June, Sept., and Jan. of the following year. For example, for 2021, the first payment was due on April 15, 2021; the second, on June 15, 2021; the third is due Sept. 15, 2021; and the fourth, on Jan. 18, 2022. The proposal would have the payments due 15 days after the end of each quarter: April 15, 2022 / July 15, 2022 / Oct. 15

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. 18, IRS had a backlog of 7.8 million individual returns that require manual processing. Some need further review because of mistakes with refundable credits or math errors. About 9 million math error notices were mailed to taxpayers from June 1 through July 15, compared with 628,997 for the same period last year. Others are paper returns fil

Unfortunately, you may have been forced 10 lay off or furlough workers during the pandemic, but now you're short-staffed. Strategy: Hire your spouse, especially if he or she is already pitching in. Make them an official company employee, with all that, entails, including filing the proper paperwork with the IRS. Of course, your spouse will owe income and payroll taxes on wages, just like any other new hire, but he or she can also pocket company benefits, subject to tax-law el

Unfortunately, you may have been forced 10 lay off or furlough workers during the pandemic, but now you're short-staffed. Strategy: Hire your spouse, especially if he or she is already pitching in. Make them an official company employee, with all that, entails, including filing the proper paperwork with the IRS. Of course, your spouse will owe income and payroll taxes on wages, just like any other new hire, but he or she can also pocket company benefits, subject to tax-law el

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 original passport to the IRS. You will receive your passport back in 6-8 weeks. NO If you complete documents with a licensed office, like ours, you will not need to send your original passport. Your passport will be assessed and certified by a notary at our office and a photocopy will be sent to the IRS for processing. In 6-8 weeks, you

YES, but the time of your arrival is important. Depending on which time you arrived on time. An Individual Taxpayer Number is issued for paying taxes on earnings in the US. US taxes are paid from earnings earned during the calendar year (earnings received during the period from January 1 to December 31). If you received income in the previous calendar year, the Tax Office will issue you an ITIN number. For example: John arrived in the US in March and worked for several mon