Noman Fayyaz
2021 Child and Dependent Care Credit
Another temporary provision in the Act, applicable only to the 2021 taxable year, increases the credit for dependent care assistance...
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Noman Fayyaz
- Jan 19
- 1 min
How do I request the Letter 6419 (advance child tax ) and/or Letter 6475 (stimulus) for tax filing
The IRS will send these letters to taxpayers in January 2022. You should have it by the end of January 2022. OR You can go to the...
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Noman Fayyaz
- Jan 12
- 1 min
Gather And Organize Your Tax Records - 2021 Tax Return (Expect in the Mail, Letter 6419 & 6475 from
Organized tax records make preparing a complete and accurate tax return easier. It helps you avoid errors that lead to processing delays...
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Noman Fayyaz
- Jan 12
- 1 min
Awaiting Processing of Previous Tax Returns? People can still file 2021 returns
According to the IRS latest release, the IRS said that its employees continue to work hard on critical areas affected by the pandemic,...
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Noman Fayyaz
- Jan 12
- 2 min
2022 Tax Filing Season Begins Jan. 24th, 2022 - Deadline: April 18th, 2022
The Internal Revenue Service announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will...
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Noman Fayyaz
- Oct 28, 2021
- 1 min
Gig Economy Tax Center
What is the Gig Economy? The gig economy—also called sharing economy or access economy—is activity where people earn income providing...
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Noman Fayyaz
- Oct 28, 2021
- 3 min
Home office deduction rules
During Small Business Week, September 22-24, the Internal Revenue Service wants individuals to consider taking the home office deduction...
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Noman Fayyaz
- Oct 28, 2021
- 1 min
Taxable unemployment compensation
Millions of Americans received unemployment compensation in 2020, many of them for the first time. This compensation is taxable and must...
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Noman Fayyaz
- Oct 28, 2021
- 1 min
Choose direct deposit
Choose direct deposit The safest, most accurate and fastest way to get a refund is to electronically file and choose direct deposit....
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Noman Fayyaz
- Oct 28, 2021
- 3 min
Recovery Rebate Credit — Topic A: Claiming the Recovery Rebate Credit if you aren’t required to file
Q A1. I used the Non-Filers: Enter Payment Info Here tool last year and don’t usually file a tax return. What should I do to claim a...
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Noman Fayyaz
- Oct 28, 2021
- 1 min
New option for claiming the Earned Income Tax Credit and Additional Child Tax Credit
The Earned Income Tax Credit (EITC) is one of the biggest tax breaks for working people. Working families with three or more qualifying...
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Noman Fayyaz
- Oct 28, 2021
- 1 min
Deadlines help fraud detection
The due dates for information returns, like Forms 1099-MISC and 1099-NEC help the IRS more easily detect refund fraud by verifying income...
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