additional information
Where is my Refund
Check the status of your income tax refund for 2021, 2020 and 2019. If you e-file, allow 36 hours for your information to appear and 3 weeks to get your refund. If you mail your return, it will take 12 weeks to process up to 20 weeks to get your Refund.
IRS Warns of Fake Charities soliciting donations
The IRS is reporting that scammers are taking advantage of the recent natural disasters and international conflicts to fraudulently solicit donations to help victims. The best way to prevent this is to check with the IRS Tax-Exempt Search Tool.
Create your account with the IRS
Access your individual account information including the following:
View Your Balance
Make and View Payments
View or Create Payment Plans
Manage Communication Preferences
Access Tax Records
View Tax Pro Authorizations
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CORPORATIONS, S CORPORATIONS AND LLCs
Many sole proprietor and general partnership may be wondering if it’s time to create a formal business structure. If you are still on the fence, here are some major reasons a small business would choose to incorporate or form an LLC:
- Liability protection of personal assets
- Separate legal entity
- Added credibility
- Perpetual existence
- Tax flexibility
- Deductible expenses
Choosing Which State to Incorporate In
- Nevada and Wyoming don’t levy a state corporate income tax or a state personal income tax
- Delaware doesn’t have a corporate income tax for Businesses formed there and no personal income tax on non-residents
- Delaware has separate court system for businesses and individuals
- Can’t escape home-state taxes
NECESITA UN ITIN
Que hay de Nuevo
Requisito para las aplicaciones: Todas las solicitudes de la Forma W-7 incluiyendo renovaciones, tienen que ir acompañadas de el reporte de sus taxes al menos que califique para una excepcion.
ITINs Vencidos: Si su ITIN no fue incluido en un reporte de Taxes al menos una vez en los años 2018, 2019, y 2020, Su ITIN se vencio el 312 de Diciembre del 2021.
Los ITINs con los numeros de enmedio (el cuarto y quinto digito de su ITIN) “70,” “71,” “72,” “73,” “74,” “75,” “76,” “77,” “78,” “79,” “80,” “81,” “82,” “83,” “84,” “85,” “86,” “87,” or “88” estan vencidos. Tambien, ITINs con los siguientes numeros de enmedio “90,” “91,” “92,” “94,” “95,” “96,” “97,” “98,” or “99,” si se lo asignaron antes del 2013 tambien se tienen que renovar.
Site Content
Taxable Income Forms and Expense Checklist
Employment - Unemployment
- Forms W-2 from all employers you worked for in 2022
- Form 1099-G from Unemployment
Self-Employment (Independent Contractors) Income and Expenses
- Form 1099-NEC or 1099-MISC for earnings
- Revenue and expenses worksheet summary or Profit and Loss Statement
- Home office Rent allocation, Rent, Utilities, maintenance.
- Record of Auto expenses and/or business mileage
- Medical Insurance premiums paid
Investment Income
- Interest Income 1099-INT
- Dividend Income 1099-DIV
- Investment from Partnerships Schedule K-1(1065)
- Investments from S Corporations Schedule K-1(1120S)
- Brokerage capital gain/loss 1099-B
- Cryptocurrency investment capital gain/loss summary or 1099-B
Home Ownership
- Mortgage Interest statement Form 1098 from Lenders
- Property Tax Statement from County
- If new Property was purchased - Settlement Statement from closing.
Rental Property ownership
- Rents collected from Rental property (sometimes form 1099-MISC)
- Expenses (Advertising, property management, travel to and from property site)
- Utilities paid on rental units
- Assessments / Associations Dues paid if townhouse or condominium
- Property Insurance, mortgage Interest and Real State Taxes paid
- Maintenance, repairs and cleaning Expense.