by MTS Tax Preparation, Planning, and Financial Literacy | Mar 26, 2022 | Tax Tips and News
The Internal Revenue Service has issued a new set of frequently asked questions (FAQs) covering the unemployment compensation exclusion for the 2020 tax year. One question/answer is brand new brand new and another nine answers have been newly updated, reflecting new...
by MTS Tax Preparation, Planning, and Financial Literacy | Mar 24, 2022 | Tax Tips and News
The Internal Revenue Service is cautioning taxpayers with virtual currency not to skip over a small, but vitally important, part of their Form 1040 this year. As the saying goes, the devil’s in the details. The pitfall comes in the form of a simple check box at the...
by MTS Tax Preparation, Planning, and Financial Literacy | Mar 22, 2022 | Tax Tips and News
It’s often said that computer security is everyone’s business, and now that’s truer than ever. With cybercriminals hatching scams and schemes at every turn, everyone—from taxpayers to tax professionals—has to stay on their guard to secure their computers, tablets, and...
by MTS Tax Preparation, Planning, and Financial Literacy | Mar 17, 2022 | Tax Tips and News
The Internal Revenue Service continues to ensure its forms, letters, and other publications are available to the widest number of taxpayers. The agency is now providing many forms and publications not only in Spanish, but in Braille, text, audio, and large print for...
by MTS Tax Preparation, Planning, and Financial Literacy | Mar 12, 2022 | Tax Tips and News
While most things have been getting more expensive lately—gasoline, food, rent, you name it—higher education has been pricey for a long time. But because an advanced degree or some other specialized job training is vital to the career plans of many people, two...
by MTS Tax Preparation, Planning, and Financial Literacy | Mar 12, 2022 | Tax Tips and News
The Internal Revenue Service is relying on technology to help it keep up with its growing need for taxpayer support. The agency has begun using voice and chat bots on a pair of specialized telephone assistance lines and on its website. These new features are...
