50 Interesting and Fun Facts to Lighten Up Tax Time
"Fun tax facts" may seem like an oxymoron, but sometimes taxes can be amusing. From a tax on beards in czarist Russia to an American astronaut who forgot to pay his taxes before heading into space, here are 50 unusual, funny, interesting - and sometimes practical - tax-related tidbits.
How to know it is really the IRS calling or knocking on your door
Many taxpayers have encountered individuals impersonating IRS officials - in person, over the telephone and via email. Don't get scammed. We want you to understand how and when the IRS contacts taxpayers and help you determine whether a contact you may have received is truly from an IRS employee..
Taxpayers must only pay what they owe
IRS Tax Tip 2020-14, February 5, 2020
When taxpayers complete their tax returns, some of them will owe money when they file. Here's the thing...they have the right to pay only the amount of tax that is legally due.
Filing taxes 101: Common errors taxpayers should avoid
IRS Tax Tip 2020-20, February 18, 2020
Filing a tax return electronically reduces errors because the tax software does the math, flags common errors and prompts taxpayers for missing information.
6 Social Security Changes for 2020
Beneficiaries Received a 1.6% Increase
Maximum Taxable Earnings Rose to $137,700
Full Retirement Age Continues to Rise
These changes in Social Security taxes and benefits took effect Jan.1
How much does the average American pay in taxes? It depends.
As millions of Americans marked the nation's one-day-extended tax-filing deadline with plans to spend refunds, the federal government has already taken away their refunds and applied hem to the overdue debts.
Tax Tips for Bitcoin and Virtual Currency
Virtual currency like Bitcoin has shifted into the public eye in recent years. Some employees are paid with Bitcoin, more than a few retailers accept Bitcoin as payment, and others hold the e-currency as a capital asset. Recently, the Internal Revenue Service (IRS) clarified the tax treatment of virtual currency transactions.
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