taxreturns
Why is this, and how does the average American in each state plan to use their tax refunds this year? The pandemic benefits the US government designed to help Americans weather the storm of COVID-19 and its unpredictable lasting effects expired this year. And although the tax deadline (April 18th, 2023) has passed, more than 5 million taxpayers said they haven’t filed their taxes yet, and another 5% plan to file for an extension this year. What does that mean for the 3 in 10 Americans who rely on getting a tax refund just to make ends meet? 80% of Americans believe the government should have g...
ValueWalk
The third round of stimulus checks is going out, and the IRS has already sent most of the payments. However, if you are still awaiting your missing coronavirus stimulus checks from the first and second rounds, now is the time to claim them via the Recovery Rebate Credit. Q1 2021 hedge fund letters, conferences and more Coronavirus stimulus check: why claim the credit?Those who were eligible for coronavirus stimulus checks under the first and second rounds but didn’t get the payments or got less than what they were eligible for must file for the Recovery Rebate Credit with their 2020 tax return...
ValueWalk
The threat of an “IRS audit” is enough to strike fear in the heart of any business owner. We all know about someone with a story about an audit from hell with an over-zealous collections officer. Tax season is around the corner, so you may have started to think about filing your taxes and what deductions you plan to claim. Audits can be an effective method to persuade people to be truthful in their tax returns, but what are the chances you will be audited?Q3 2020 hedge fund letters, conferences and moreThe answer may surprise you. On average, you only have a 1 in 260 chance of being on the bus...
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