https://www.irs.gov/newsroom/one-big-beautiful-bill-provisions

If you owe taxes, but can't pay in full - you must watch this video that was released by the IRS

The Internal Revenue Service issued a consumer alert today following bad advice circulating on social media about a non-existent “Self Employment Tax Credit” that’s misleading taxpayers into filing false claims. Promoters and social media are marketing something they describe as the “Self Employment Tax Credit” as a way for self-employed people and gig workers to get big payments for the COVID-19 pandemic period.

Organize tax records. Create a system that keeps all important information together. Taxpayers can use a software program for electronic recordkeeping or store paper documents in clearly labeled folders. They should add tax records to their files as they receive them. Organized records will make tax return preparation easier and may help taxpayers discover overlooked deductions or credits.

The tax code is very complicated. Tax professionals can answer your questions and resolve issues.. Making mistakes can be very costly. It...