A taxpayer contacted TAS because the IRS had been levying their Social Security benefits for payment of an outstanding tax liability. The taxpayer was facing an economic hardship and needed the Social Security income for their necessary living expenses. The … Read More
Author Archives: Toshia Hansen
Be Careful About Listening to Tax Advice on Social Media
Reducing your tax liability may be tempting; however, many social media schemes are illegal and can lead to serious consequences. TAS Tax Tip: Use Caution When Using Tax Advice or Tax Preparers Found on Social Media Have you seen some … Read More
Identity Verification and Your Tax Return
Identity theft issues impact millions of taxpayers each year, resulting in considerable delays and taxpayer burden. In the 2023 Annual Report to Congress, National Taxpayer Advocate Erin M. Collins discussed how each year, the IRS flags millions of returns for … Read More
Free File, Free File Fillable Forms, and Direct File
Filing electronically is the safest, fastest, and most accurate way to file your tax return. If you choose to prepare and file your own tax return, depending on your circumstances, the IRS may offer you three ways to electronically file … Read More
Making Estimated Payments
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 (ES) tax payments. Log in to your online account to make a payment online or … Read More
Employer-Provided Childcare Credit
If you are an employer who provides childcare services to your employees, you might be eligible for the Employer-Provided Childcare Credit. The credit is an incentive for taxpayers to provide childcare services to their employees. To be eligible for the … Read More
Hobby vs. Business Income
When you look at your income for the year, you may find that you made some money from one of your pastimes. But how do you know if that pursuit is just a hobby, or if it’s turned into an … Read More
Resolving a Tax Bill
TAS Tax Tip: Resolving a tax bill Got a tax bill for your federal tax return? One of the best tools you can use to manage your tax account is an . When you establish your online account, you … Read More
Adjust Your Withholding to Ensure There’s No Surprises on Tax Day
It is a good practice for everyone to do a paycheck check-up every year. Checking your tax withholding amounts can ensure that you aren’t paying too much or too little in federal income tax. Last Updated: May 16, 2022 TAS … Read More