Jackson Income Tax Service

Thanks everyone for the kind birthday wishes.... Appreciate it.

BUSINESS OBILIGATIONS PER IRS

Tax Tip 2024-17: Businesses: Electronically file Form 8300 to report cash payments over $10,000 Tax Tip 2024-17: Businesses: Electronically file Form 8300 to report cash payments over $10,000 Internal Revenue Service (IRS) sent this bulletin at 03/14/2024 10:06 AM EDT IRS Tax Tips March 14, 2024 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The...

To consider.....

Tax Tip 2023-27: People may want to file a tax return – even if they aren’t required to do so Tax Tip 2023-27: People may want to file a tax return – even if they aren’t required to do so Internal Revenue Service (IRS) sent this bulletin at 03/02/2023 10:00 AM EST IRS Tax Tips March 2, 2023 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - Th...

IRS news update for taxpayers.

Tax Tip 2023-13: The benefits of having a tax refund direct deposited Tax Tip 2023-13: The benefits of having a tax refund direct deposited Internal Revenue Service (IRS) sent this bulletin at 02/02/2023 08:19 AM EST IRS Tax Tips February 2, 2023 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Med...

2023 Business Standard Mileage Rate Increase

CORRECTION: IR-2022-234: IRS issues standard mileage rates for 2023; business use increases 3 cents per mile CORRECTION: IR-2022-234: IRS issues standard mileage rates for 2023; business use increases 3 cents per mile Internal Revenue Service (IRS) sent this bulletin at 12/30/2022 12:32 PM EST IRS Newswire December 30, 2022 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contac...

Texting scams be vigilant IRS says.......

IR-2022-167: IRS reports significant increase in texting scams; warns taxpayers to remain vigilant IR-2022-167: IRS reports significant increase in texting scams; warns taxpayers to remain vigilant Internal Revenue Service (IRS) sent this bulletin at 09/28/2022 02:05 PM EDT IRS Newswire September 28, 2022 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts....

Investing in your future. Time is the essence......

Tax Tip 2022-107: IRAs are one tool in the retirement planning toolbox Tax Tip 2022-107: IRAs are one tool in the retirement planning toolbox Internal Revenue Service (IRS) sent this bulletin at 07/14/2022 09:02 AM EDT IRS Tax Tips July 14, 2022 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media...

Tax Tip for parents of dependent children.......

Tax Tip 2022-98: Claiming a child as a dependent when parents are divorced, separated or live apart Tax Tip 2022-98: Claiming a child as a dependent when parents are divorced, separated or live apart Internal Revenue Service (IRS) sent this bulletin at 06/28/2022 09:59 AM EDT IRS Tax Tips June 28, 2022 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS -....

IRS: Mileage Rate Update

IR-2022-124: IRS increases mileage rate for remainder of 2022 IR-2022-124: IRS increases mileage rate for remainder of 2022 Internal Revenue Service (IRS) sent this bulletin at 06/09/2022 04:05 PM EDT IRS Newswire June 9, 2022 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscrip...

Check The Status Of Your Refund

Tax Tip 2022-60: How taxpayers can check the status of their federal tax refund Tax Tip 2022-60: How taxpayers can check the status of their federal tax refund Internal Revenue Service (IRS) sent this bulletin at 04/19/2022 08:29 AM EDT IRS Tax Tips April 19, 2022 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guid...

Economic Impact Payments

COVID Tax Tip 2022-55: What people should do if their third-round Economic Impact Payments are missing or incorrect COVID Tax Tip 2022-55: What people should do if their third-round Economic Impact Payments are missing or incorrect Internal Revenue Service (IRS) sent this bulletin at 04/11/2022 10:42 AM EDT IRS Tax Tips April 11, 2022 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot New...

TAX DUE OPTIONS

Tax Tip 2022-52: Options for taxpayers who need help paying their tax bill Tax Tip 2022-52: Options for taxpayers who need help paying their tax bill Internal Revenue Service (IRS) sent this bulletin at 04/05/2022 09:51 AM EDT IRS Tax Tips April 5, 2022 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance M...

For those who may not know and those that are confused about Social Security Benefits....

IRS reminds taxpayers their Social Security benefits may be taxable | Internal Revenue Service Tax Tip 2022-22, February 9, 2022 — A new tax season has arrived. The IRS reminds taxpayers receiving Social Security benefits that they may have to pay federal income tax on a portion of those benefits.

IRS Taxpayer Security Tips

Tax Tip 2022-50: Filing season security tip: Know the facts about how the IRS contacts taxpayers Tax Tip 2022-50: Filing season security tip: Know the facts about how the IRS contacts taxpayers Internal Revenue Service (IRS) sent this bulletin at 03/31/2022 10:04 AM EDT IRS Tax Tips March 31, 2022 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - Th...

Taxpayer Update.....

COVID Tax Tip 2022-43: What taxpayers should do if they have incorrect or missing documents COVID Tax Tip 2022-43: What taxpayers should do if they have incorrect or missing documents Internal Revenue Service (IRS) sent this bulletin at 03/21/2022 09:05 AM EDT IRS Tax Tips March 21, 2022 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Bas...

SHARED CUSTODY TAX BENEFITS

COVID Tax Tip 2022-29: Tips for parents who share custody or alternate tax benefits COVID Tax Tip 2022-29: Tips for parents who share custody or alternate tax benefits Internal Revenue Service (IRS) sent this bulletin at 02/23/2022 09:39 AM EST IRS Tax Tips February 23, 2022 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics I...

Jackson Income Tax Service now takes appointments on their Page.

Remember and be aware.............

Tax Tip 2022-15: Tax season is prime time for phone scams Tax Tip 2022-15: Tax season is prime time for phone scams Internal Revenue Service (IRS) sent this bulletin at 01/27/2022 10:03 AM EST IRS Tax Tips January 27, 2022 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts....

Important tax notice.

IR-2022-16: Top 5 things to remember when filing income tax returns in 2022 IR-2022-16: Top 5 things to remember when filing income tax returns in 2022 Internal Revenue Service (IRS) sent this bulletin at 01/20/2022 12:22 PM EST IRS Newswire January 20, 2022 News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nati...

Home Office Expense 2021

Tax Tip 2022-10: How small business owners can deduct their home office from their taxes Tax Tip 2022-10: How small business owners can deduct their home office from their taxes Internal Revenue Service (IRS) sent this bulletin at 01/19/2022 09:47 AM EST IRS Tax Tips January 19, 2022 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basi...

Food for thought ..........

Tax Tip 2022-06: It’s important for taxpayers to know the difference between standard and itemized deductions Tax Tip 2022-06: It’s important for taxpayers to know the difference between standard and itemized deductions Internal Revenue Service (IRS) sent this bulletin at 01/11/2022 09:13 AM EST IRS Tax Tips January 11, 2022 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News ...

Advance Child Care Payment Notification

IR-2021-222: IRS: Families will soon receive November advance Child Tax Credit payments; time running out to sign up online to get an advance payment in December IR-2021-222: IRS: Families will soon receive November advance Child Tax Credit payments; time running out to sign up online to get an advance payment in December Internal Revenue Service (IRS) sent this bulletin at 11/12/2021 03:39 PM EST IRS Newswire November 12, 2021 News Essentials What's Hot New...

COVID Tax Tip (Employers)

COVID Tax Tip 2021-163: IRS help for employers wanting to rehire retirees or keep them after retirement age COVID Tax Tip 2021-163: IRS help for employers wanting to rehire retirees or keep them after retirement age Internal Revenue Service (IRS) sent this bulletin at 11/03/2021 09:24 AM EDT IRS Tax Tips November 3, 2021 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Rele...

COVID Tax Update.....

COVID Tax Tip 2021-127: Low-income families still have time to sign up for advance child tax credit payments COVID Tax Tip 2021-127: Low-income families still have time to sign up for advance child tax credit payments Internal Revenue Service (IRS) sent this bulletin at 08/30/2021 08:37 AM EDT IRS Tax Tips August 30, 2021 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Rele...

As the old say goes " A Word to the wise is sufficient"

Tax Tip 2021-118: What taxpayers need to know about making 2021 estimated tax payments Tax Tip 2021-118: What taxpayers need to know about making 2021 estimated tax payments Internal Revenue Service (IRS) sent this bulletin at 08/12/2021 10:00 AM EDT IRS Tax Tips August 12, 2021 Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics....

Child Tax Credit Update

COVID Tax Tip 2021-101: The Child Tax Credit Update Portal allows families to update direct deposit information or unenroll The IRS recently upgraded the Child Tax Credit Update Portal to enable families to update their bank account information so they can receive their monthly Child Tax Credit payment. The tool also allows families to unenroll from the advance payments if they don’t want to receive them. The Update Po...

Other income activities that may escape our awareness ......

Tax Tip 2021-94: Here’s what taxpayers need to know about paying taxes on their hobby activities Many people are engaged in hobby activities that are also a source of income. For example, some people started selling handmade items during the pandemic. These people must report this income on their tax return.A hobby is any activity that a person pursues because they enjoy it and with no intentio...

Home Sales and Facts

Tax Tip 2021-83: Homeownership and taxes: Things taxpayers should consider when selling a house Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov.

2021 Update particularly if working several jobs...

Tax Tip 2021-75: Checking withholding can help taxpayers decide if they need to give their employer a new W-4 Employees, retirees and self-employed individuals can use the IRS Tax Withholding Estimator to help decide if they should make a change to their withholding. This online tool guides users, step-by-step through the process of checking their withholding, and provides withholding recommendations to hel...