Editorial team of TFX
Articles
Google to Begin Deducting Taxes From YouTube Creators
In a move that will affect the income of millions of content creators, YouTube has announced that it will soon begin withholding federal income taxes on creator earnings generated from viewers in the United States. The policy change is set to kick in as early as 1 June 2021. The video streaming giant has asked creators in the YouTube Pa...
Investors Beware: The IRS Chases After Crypto Profits
As cryptocurrencies such as Bitcoin, Ethereum, and Dogecoin go mainstream, the Internal Revenue Service (IRS) is cracking down on American taxpayers who haven't declared their crypto assets or paid taxes on them. If you want to avoid a tax mess, you need to declare your crypto assets and crypto-sourced earnings to the IRS. Fai...
IRS Extended Additional Deadlines for Individuals Taxpayers Until May 17
The Internal Revenue Service extended certain deadlines from April 15, 2021, to May 17, 2021, in order to give more time to individual taxpayers to make IRA and HSA contributions and to file refund claims. This announcement follows a prev...
IRS New Compliance Campaign Targeting Nonresident Aliens with Real Property Located in the U.S.
IRS Sets Its Sights on Nonresident Aliens With U.S. Rental Property A non-resident alien is someone who is not a US Citizen, does not hold a Green Card and has not spent enough time in the US to meet the ...
Extended State Income Tax Return Deadlines for 2021
Earlier this month the Treasury Department and Internal Revenue Service announced that they are extending the tax filing deadline to May 17. For Louisiana, Oklahoma, and Texas taxpayers the deadline was extended to June 15 due to the Februar...
IRS Postpones Tax Filing and Payment Deadline to May 17
The Treasury Department and Internal Revenue Service will extend the tax filing deadline for individuals from April 15, 2021, to May 17, 2021, as a result of the pandemic, the agencies announced this Wednesday. "This continues to be a tough time for many people, and the IRS wants to continue to do ...