Editorial team of TFX
Articles
CP2100 and 2100A Notices: When Payers Need To Correct Backup Withholding Errors
Banks, credit unions, corporations, and payers who filed returns that did not match IRS data receive CP2100 and CP2100A notices from the IRS. These information returns include: Form 1099-B, Proceeds from Broker and Barter Exchange Transactions<...
Webinar: How to Avoid Being Double Taxed as an Expat. Recording and Q&A Transcript
On June 1, 2022, we hosted a webinar on how to avoid being double taxed as a U. S. expat which included live Q&A with our tax experts. You can access the recording and we’ve also transcribed this Q&...
IRS Expands Eligibility Pool for Exclusion of 2020 Unemployment Benefits
When the US Government passed the American Rescue Plan Act of 2021, one of the highlights was the ability to exclude up to $10,200 of unemployment income for households earning under $150,000....
IRS Owes $1.5 Billion in Unclaimed Refunds From 2018 Tax Returns – Claim Your Money Before the April Deadline
IRS Owes $1.5 Billion in Unclaimed Refunds From 2018 Tax Returns – Claim Your Money Before the April Deadline The IRS has ...
Child Tax Credit (CTC) 2021: $3,000!
Critical Update March 8, 2022: IRS revises Child Tax Credit guidelines The IRS has revised its 2021 Child Tax Credit and Advance Child Tax...
IRS Stops Sending Warning Letters Due to Processing Backlog
Overwhelmed with millions of unprocessed tax returns, the IRS has announced that it will stop sending more than a dozen types of automated notices to taxpayers, including warning letters for outstan...