Following up on its June 2nd statement regarding the “Dirty Dozen” tax scams list for 2022, the IRS is now urging to watch out for pandemic-related scams including theft of benefits and bogus social media posts, a sad reminder that criminals are still using COVID-19 to steal people’s money and identity. CLICK ON THE HEADLINE FOR MORE
For many, returns will be more complex because of job or residency changes, stimulus payments, child tax credits, unemployment insurance claims or other COVID-driven factors. This year, however, the IRS is getting closer to its typical due date. For what you need to know about filing your 2021 tax return, CLICK ON THE HEADLINE
Economists agree that inflation may rise up to 5.5% at the end of 2021 but are still uncertain what levels it will reach by 2022 and what policies the Federal Reserve Bank will take. CLICK ON THE HEADLINE FOR MORE
Taking a CARES Act withdrawal might see like a solid move, especially if money is tight and your borrowing options are limited. But if you do decide to take money out of your retirement plan this year, you may wind up with a tax headache on your hands. CLICK ON THE HEADLINE FOR MORE