$1.2 Billion in IRS Penalty Relief Refunds Coming for Certain 2019 and 2020 Tax Returns
COVID Tax Tip 2022-139, September 12, 2022 To help struggling taxpayers affected by the COVID-19 pandemic, the IRS recently issued Notice 2022-36, which provides penalty relief to most people and businesses who filed certain 2019 or 2020 returns late. To qualify for this...
Messed Up Your Taxes? Don’t Worry, File an Amended Return Now
Realizing that you made a mistake on your taxes after you’ve already filed is a scary feeling. Here you were just trying to save money by doing it yourself and now you have a big mess on your hands. Don’t worry, most tax mistakes can be easily corrected by filing an amended tax...
5 Medical Appointments You Should Make Now to Stay Healthy
If you look and feel good going to the doctor is probably the last thing on your mind. But scheduling routine visits with your doctor is important because it can help prevent problems before they start. Doctors are specially trained to pick up on things that you may have brushed...
4 Ways Interest Rate Hikes Can Affect Your Spending
It feels like everything costs more these days – housing, food, gas, all the essentials. Part of the problem is inflation. To try to get it under control, the Federal Reserve has hiked interest rates four times this year and more increases are expected to come. The idea is that...
2022 State of Illinois Tax Rebates
Source: Illinois Department of Revenue File your taxes fast and ez in 30 minutes or less.
Parents Can Boost Their Back-To-School Budget by Claiming Tax Credits and Refunds
Summer is slipping away and another school year is starting. As kids head back to the classroom, parents are ticking items off the school supply list. If they want to boost their back-to-school budgets, parents and guardians should make sure they aren’t missing out on their 2021...
Don’t Wait Until October 17 to File a 2021 Tax Return
For people who requested an IRS extension to file, the October 17, 2022, deadline may seem far away, but it's coming up fast. Taxpayers who haven't filed, whether they requested an extension or not, should file a complete and accurate return as soon as possible. For people who have...
The IRS Is Refunding $1.2 Billion in Penalties Next Month
WASHINGTON ̶ To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service today issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late. The IRS is also taking an additional step...
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