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The Latest Breaking News from IRS

Beginner's Tax Guide for the Self-Employed

Before you take your first step into the world of entrepreneurship, there's a checklist of things you'll need to do to manage your new tax situation.

The Street

Bidens paid 24.6% taxes on $610,702 earnings, returns show

President Joe Biden and his wife, Jill, earned $610,702 during their first year in the White House and paid $150,439 in federal income taxes

The Independent UK

Americans Will Spend 6.5 Billion Hours on Income Taxes This Year

The IRS takes not only your money, but a lot of your time.

Reason

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Setting Up a Home Office

Follow these easy steps to set up a home office that complies with IRS requirements. Then, claim your home office deduction with peace of mind.

The Street

1099-MISC Instructions and How to Read the Tax Form

If you’re self-employed, your income might be reported on the 1099-NEC, but Form 1099-MISC is still used to report certain payments to the IRS.

The Street

What, Me Worry? Last-Minute Taxes

If you waited until the last moment to file your return, these strategies might help to reduce stress and potential mistakes.

The Street

TurboTax Guide to Self-Employment Taxes in Today's Gig Economy

If you're adjusting to becoming self-employed or working multiple jobs for the first time, here's what you need to know about self-employment tax.

The Street

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'Everything Everywhere All at Once' explained: Hot dog hands, empathy challenges and meaning in the absurd

From IRS audits to sentient rocks to hot dog hands and beyond, the mundane and the inane collide with the profound in "Everything Everywhere All at Once," the Michelle Yeoh A24 action sci-fi pic that's drawn at-times-ecstatic acclaim since opening in limited release last month.

Los Angeles Times

5 Situations to Consider Tax-Loss Harvesting

Tax-loss harvesting, or selling investments at a loss to offset gains, can help lower your tax liability. Here are five scenarios to consider.

The Street

TurboTax Tax Tips for Gig Economy Workers with Multiple Jobs

Taxes can be tricky for gig economy workers with multiple jobs. Keeping track of your income and reporting it accurately is key.

The Street

The HSA Contributions Deadline Is Almost Here

The HSA contributions deadline for 2023 is fast approaching, but you still have time to contribute and potentially reduce your tax liability.

Kiplinger

Is There a Dividend Tax? Your Guide to Taxes on Dividends

Not all dividends are created equal when it comes to reporting them on your taxes. Here are a few pointers for reporting them.

The Street

Amending Your Income Tax Return

You generally must file an amended return within three years of the date you filed the original, or within two years after the date you paid the tax.

The Street

Leak: Top 15 earners pay low tax rates

Some billionaires have effective federal income tax rates as low as 4%

Salon

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The Street

How to Figure Out Adjusted Gross Income (AGI)

The AGI calculation depends on the tax return form you use; some forms allow you to take more adjustments to income, than others.

The Street

Don't Fear the Tax Man: Handling IRS Letters and Notices

The IRS will almost certainly send you a letter or notice when you have unpaid taxes due. Here's some tips for handling IRS letters and notices.

The Street

How to File an Amended Tax Return With the IRS

Did you make a mistake on your tax return or realize you missed out on a deduction or credit? You can use Form 1040-X to file a correction.

The Street

Does Everyone Need to File an Income Tax Return?

The amount of income that you can earn before you are required to file a tax return depends on the type of income, your age and your filing status.

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The Street

Rise of the Gig Economy: How Self-Employed Workers Can Benefit from Tax Reform

A number of reforms are shaping the way the IRS views gig economy workers. Here's some important tax reform info for the self-employed.

Benzinga

Dogecoin Trades Muted As Rival Meme Coin Shiba Inu Makes Way To Robinhood

Dogecoin (CRYPTO: DOGE) traded 1% lower over 24 hours at $0.1395 in the early hours of Tuesday morning as a key rival cryptocurrency saw a bullish signal. DOGE was volatile at press time along with major coins as the global cryptocurrency market cap declined 0.3% to $1.87 trillion.

Tribune News Service

Esta es la nueva estafa: Fraude de identidad sintética

En otoño de 2020, Adam Arena, de 43 años, y una docena de presuntos cómplices fueron acusados en Nueva York de intentar estafar a bancos más de un millón de dólares a través de un esquema conocido como "fraude de identidad sintética".

McClatchy Washington Bureau

Running behind on taxes? Here’s how to file for an extension as deadline approaches

The federal tax deadline is nearing, but there’s still time to file for an extension if you’re running behind.

McClatchy Washington Bureau

Running behind on taxes? Here’s how to file for an extension as deadline approaches

The federal tax deadline is nearing, but there’s still time to file for an extension if you’re running behind.

Benzinga

Cannabis Chart Of The Week: The Enormous Tax Impact On Marijuana Companies From IRS Code 280E

Public U.S. companies filing financial statements under GAAP must include a comprehensive tax footnote that details timing differences and permanent differences. Most of the tier one MSOs in the graph have filed annuals with footnotes that explicitly document the impact of 280E taxes. Verano (CSE:VRNO) and Jushi (OTCQX:JUSHF) have not…

The Guardian - US

Michelle Yeoh, martial arts and the multiverse: inside the year’s wildest movie

Genre-bending hit Everything Everywhere All at Once is being called 2022’s first genuine masterpiece, a hugely inventive fantasy inspired by The Matrix

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