Tax Blog
The latest tax tips and news from TallyPage Accounting and Bookkeeping
Avoid Tax Season Phone Scams
We’ve only had one week of filing season, and scammers are already trying to make life miserable for everyone else. While this isn’t a shocking turn for anyone who has been paying attention to the evolution of identity theft tax refund fraud, it’s a problem that...
IRS Issues EIP3 Reminder
The Internal Revenue Service says it has sent out all the third-round Economic Impact Payments (EIPs), but the agency is quick to add that taxpayers who missed out on the EIP still have one more chance to claim their money. These individuals will have to file a 2021...
IRS Explains Credit for Other Dependents
Much attention has been given lately to the Child Tax Credit and its advance payments. But another credit is available if the taxpayer’s dependents aren’t their children. This credit is for other dependents other than children. Unlike the Child Tax Credit, the credit...
IRS Opens Tax Season with Tips for Faster Refunds
It’s official: the gates are open; the race is on. Tax season for 2022 is officially underway. The IRS kicked off this year’s filing season urging taxpayers to help them get refunds out faster this year by not filing paper tax returns and instead filing...
IRS Highlights Common Filing Mistakes
Millions of Americans are preparing to get their income tax returns in order for the 2021 tax year. While many are mostly concerned about getting their returns in on time, they should also be thinking about filing a correct return. Most often, it’s the simple tax...
IRS Reminds Employers About Wage Statement Deadline
The Internal Revenue Service wants employers to know the clock is ticking, and to get their Forms W-2 and other wage statements to the government very soon. The deadline is January 31. As of 2015, employers are required by law to get their Forms W-2, Wage and Tax...
Reasons Some Non-Filers Should File This Year
With tax time’s arrival, those Americans who don’t normally have to file an income tax return usually think their circumstances mean they have no benefit to filing a return. This year, however, could be very different. Credits can make it happen. The individual’s...
FAQs Updated for Child Tax Credit
The Internal Revenue Service says it has updated the online frequently asked questions (FAQs) for the 2021 Child Tax Credit and the Advance Child Tax Credit. The objective, the agency says, is to help qualified taxpayers to claim the credit properly on their 2021...
Taxpayer Advocate Highlights 2021 Delays for Processing and Refunds
“The most challenging year taxpayers and tax professionals have ever experienced." With that short sentence, National Taxpayer Advocate Erin Collins sums up her assessment of the calendar year 2021 and its effect on the Internal Revenue Service. The assessment comes...
FAQs Updated on Unemployment Compensation, Recovery Rebate Credit
The Internal Revenue Service is updating its Frequently Asked Questions to reflect changes on two fronts important to a lot of taxpayers. The changes, in the form of revamped and increased guidance, are focused on the unemployment compensation exclusion for 2020, and...
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