Editorial team of TFX

The COVID-19 pandemic has resulted in numerous administrative and legislative responses, including short-term and a few long-term tax changes that have affected both employees and self-employed taxpayers in significant ways. These changes include filing postponements, ...

IRS will send a series of letters starting with CP14 If the IRS determines, rightly or wrongly, that your tax return has an error, it will send you a series of letters describing the problem and letting you know what to do.  Only the first of these, called a ...

As a part of the CARES Act the IRS provided interest-free deferral of the part of Self-Employment tax. See FAQ21 of ...

Maryland Gov. Larry Hogan signed the bipartisan RELIEF Act of 2021 on Monday, February 15, to provide a $1 billion package of emergency coronavirus relief to families and small businesses. Most of the stimulus payments should have been processed by February 19. Maryland residents who filed a 2019 tax return and received the Earned Incom...

California Gov. Gavin Newsom signed a $7.6 billion relief package. 5.7 million people will receive $600 one-time payments. Small businesses can also qualify for the payments - there are over $2 billion in grants for this purpose. Who is eligible to receive the $600 one-time payment? About 5.7 million people will recei...

From the IRS Economic Impact Payment Information Center FAQ:  What is Form 3911? ...