The promise of tax refunds, rebate checks, or 2008 Stimulus Payments has caused a surge in phishing scams and many anxious tax filers are falling for it. Frequently, as the news has been reporting, these come in the form of emails. However, there is another type of phishing that seems to have been left out. ...
An independent contractor is considered a self employed individual, and income earned by an independent contractor is considered self-employment income. “Self-employment income is income that arises from the performance of personal services, but which cannot be classified as wages because an employer-employee relationship does not exist between the payer and the payee” (Self-Employment Tax). Self-Employment ...
When you are preparing to file your federal income tax return this year you may realize that you didn’t file a tax return last year, or in previous years. There are different reasons taxpayers don’t file a return. They may have thought they were not required to file a return; they may have meant to ...
According to the IRS, if you send in a paper return that is complete and accurate you should receive your refund check in six to eight weeks. If you file electronically you should have your refund in three to four weeks, and if you request direct deposit your refund could be in your bank account ...