Editorial team of TFX
Articles
IRS Launches Secure Online Document Upload Feature for Taxpayers
The Internal Revenue Service (IRS) has recently announced that taxpayers who receive certain notices requesting them to send information to the IRS now have the option of submitting their documentation online through the IRS.gov website. This new feature allows taxpayers ...
The Taxability of State Payments: Understanding Your Obligations
The Internal Revenue Service (IRS) recently issued a statement regarding the taxability of state payments, such as unemployment benefits, under federal law. This statement serves as a reminder to individuals who have received state payments that they must report this income on thei...
Webinar: Sole Proprietors & Rental Income Recipients May Have More Filing Requirements in 2023. Recording and Q&A Transcript
We held a webinar on January 12, 2023, about the increased filing requirements for sole proprietors and rental income recipients in 2023, which included a live Q&A session with our tax experts. The recording is available for viewing and the Q&A has been transcribed. ...
IRS: California Grants Tax Relief for Hurricane Victims
The Internal Revenue Service (IRS) recently announced that individuals and businesses affected by recent storms in California will have an extended deadline to file federal ...
IRS Delays Form 1099-K $600 Reporting Threshold until 2023
The Internal Revenue Service (IRS) has announced a delay in the reporting thresholds for third-party settlement organizations (TPSOs) that were set to take effect for the upcoming tax filing season. As a result of this delay, TPSOs will not be required to report tax year 2022 trans...
How to prepare for tax season 2022
The year 2022 is ending, and filing taxes will be at the top of your “to-do” list as 2023 rolls around. Tax preparation is never fun. It can be "taxing" to sort through your annual finances and figure out how much you owe in taxes. We here at TaxesForExpats ca...