IRS Tax Tips

Articles in IRS Tax Tips

• Requesting Administrative Relief from Specific Penalties

  Software reference · 3 min read

  Administrative relief from specific penalties can be granted under certain conditions.

• Simplified Method for Home Office

  Online · 3 min read

  The home office deduction is available for self-employed taxpayers who use their home for business.

• Tax Years 2021-2022: Social Security Tax Deferral Repayment for Self-Employed Taxpayers

  Software reference · 2 min read

  The Coronavirus Aid, Relief, and Economic Security Act allowed self-employed individuals and household employers to defer the payment of certain Social Security taxes on their Form 1040 for tax year 2020 over the next two years.