Editorial team of TFX
Articles
Webinar: Streamlined Offshore Procedure Explained. Recording and Q&A Transcript
On April 27, 2022, we hosted a webinar on How to get caught up with the IRS, penalty-free which included live Q&A with our tax experts. You can access the recording and we’ve also transcribed this Q&A transcript. ...
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 recentl...
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 Credit ...
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 outstanding tax debt a...
Webinar: IRS Letters and Important Updates. Recording and Live Q&A Transcript
On February 17, 2022, we hosted a webinar on recent IRS letters and important updates which included live Q&A with our tax experts. You can access the recording and we’ve also transcribed this Q&A transcript. ...