How Gig Economy Worker Can Prevent Tax Penalties !

What is a Gig? The Oxford dictionary defines a Gig as “a performance by musicians playing popular music or jazz in front of an audience; a similar performance by a comedian”. What is gig economy? But , nowadays, a gig is not just music or jazz but all sorts of small jobs that a person or […]

IRS Warns of Stimulus Check Scams Ahead !

The Covid-19 relief package vide CARES ACT for lower income earning citizen of USA has another side .It may just add to the misery of fighting an unknown mysterious virus that originated in Wuhan China and now became deadly in Europe and USA . The main focus of this post is not the reasons or consequences of […]

How to Find Prior AGI Easily ?

The adjusted gross income or AGI is used as the basis for lots of things, like calculating your stimulus check or tax liability when you file your income tax return. The AGI is also often used for  computing certain tax credits and deductions allowable to you. Most current example of use of AGI is from IRS […]

IRS :Stimulus Check Even if Return Not Filed for 2019 or 2018

The confusion about receiving the stimulus check by people who did not file tax return for 2018 or 2019 or are not required to file tax return owing to low income or exempt income has been cleared by IRS through notice IR-2020-61 which is updated regularly. Following answers are based on the frequently asked questions […]

2019 State Tax Due Dates Extensions List

Federal due date for tax filing and payments have already been extended on account of the COVID-19 pandemic from April 15 to July 15. Now, some states have also changed the tax filing and payment deadlines. New Due Dates by States State New Due Dates for filing and payments of tax due Official links Alabama July […]