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If You Resold the Hottest Ticket of Summer 2023, You Likely Didn’t Receive a Form 1099-K – But This Won’t Last Forever & Always
Form 1099-K, Part Two: If You Resold the Hottest Ticket of Summer 2023, You Likely Didn’t Receive a Form 1099-K After All – But This Won’t Last Forever & Always Most taxpayers likely didn’t receive Form 1099-K, Payment Card and Third Party Network Transactions, this filing season for the sale of goods or services through…
Read MoreNTA Erin M. Collins Answers Taxpayer Questions on C-SPANs Washington Journal
National Taxpayer Advocate Erin M. Collins appeared live on C-SPAN’s Washington Journal call-in program on Tuesday, February 13. National Taxpayer Advocate Collins discussed her 2023 Annual Report to Congress, including some of the most serious problems facing taxpayers. She also addressed challenges facing the IRS, the improvements the IRS has made since the pandemic, and answered viewer…
Read MoreAn Introduction to Tax Forms for Gig Economy Workers
The gig economy has transformed the contours of the modern workforce, bringing forth a unique combination of flexibility, autonomy, and diversified income streams. Whether you’re driving for a ride-sharing platform, developing eye-catching graphics as a freelance designer, or mastering home repairs as a handyman, you’re participating in an ever-evolving, vibrant economy. But with the freedom…
Read MoreNTA Blog: Identity Protection PINs: What to Know
February 8, 2024 – Each year in the United States, hundreds of thousands of individuals become victims of identity theft. In fact, in 2022, the Federal Trade Commission received over 1.1 million reports of identity theft. For the same year, taxpayers filed over 228,000 Forms 14039, Identity Theft Affidavit, claiming they were experiencing tax-related identity…
Read MoreTAS Tax Tip: New Taxpayer Roadmap Stops for 2024
The IRS may send a notice or a letter for any number of reasons; it may be about a specific issue on your federal tax return or account, or may tell you about changes to your account, ask you for more information, or request a payment. Tax Tip: New Taxpayer Roadmap Stops for 2024 The…
Read MoreSave the Date: National Taxpayer Advocate Takes Your Questions Live, February 13 on C-SPAN’s Washington Journal
At 9 a.m. on Tuesday, February 13, National Taxpayer Advocate Erin M. Collins will appear live on C-SPAN’s Washington Journal to answer viewer questions about the tax filing season and discuss other important tax-related issues facing taxpayers. Title: Save the Date: National Taxpayer Advocate Takes Your Questions Live, February 13 on C-SPAN’s Washington Journal …
Read MoreTAS Tax Tip: Estimated Payments 2024
February 1, 2024 – If you receive a substantial amount of non-wage income like self-employment income, investment income, taxable Social Security benefits, or pension and annuity income, you should make quarterly estimated tax payments. Log in to your online account to make a payment online or go to IRS.gov/payments. If you receive a substantial amount of non-wage income…
Read MoreTAS Tax Tip: Employer Identification Numbers
February 1, 2024 – An Employer Identification Number (EIN) is a 9-digit number (for example, 12-3456789) assigned to sole proprietors, corporations, partnerships, estates, trusts, and other entities for tax filing and reporting purposes. Most businesses are required to have an EIN. You may apply for an EIN for free through the IRS and will be…
Read MoreNTA Blog: Important New TAS Research Studies Are Now Posted Online
February 1, 2024 – One component of the National Taxpayer Advocate’s annual reports to Congress that doesn’t receive as much attention as it should is the research studies we conduct and present. It’s hard to overstate their value. As the IRS seeks to transform the taxpayer experience and fix problems, well-designed research that scopes problems…
Read MoreNTA Blog: Important New TAS Research Studies Are Now Posted Online
February 1, 2024 – One component of the National Taxpayer Advocate’s annual reports to Congress that doesn’t receive as much attention as it should is the research studies we conduct and present. It’s hard to overstate their value. As the IRS seeks to transform the taxpayer experience and fix problems, well-designed research that scopes problems…
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