Income Tax Return Archives - Page 2 of 9 - FREE Yourself from IRS Problems

Shamsey Oloko January 10, 2025 Audit, Income, Income Tax Return, Tax Refunds 0

How to Respond to an IRS Notice: Steps to Take Immediately

Receiving a letter from the IRS can feel stressful. You may wonder what the notice means and what you should do next. Sometimes, the notice is about a missing form or an amount the IRS believes you owe. Other times,…

Shamsey Oloko February 27, 2023 Capital Gains, Capital Losses, Digital Assets, Income, Income Exclusions, Income Tax, Income Tax Return 0

What Are Digital Assets?

In 2014, the IRS issued guidance explaining that virtual currency is treated as property for income tax purposes. It stated that tax principles applicable to transactions involving other types of property apply to virtual currency. In the last two years, the…

Shamsey Oloko January 28, 2023 Charitable Contributions, Child and Dependent Care Credit, Child Tax Credit, Clean Vehicle Tax Credit, Earned Income Tax Credit (EITC), Form 1040, Form 1099-K, Income Tax, Income Tax Return, Taxable Income, THORGOOD Law Firm 0

Good Things to Know When Filing Your 2023 Taxes

It’s 2023 and a new year means it’s tax filing season. As taxpayers, we need to take some key steps as we prepare to file our 2022 federal unfiled tax returns new york. While some useful tax tools are no…