Here are some additional key points to keep in mind as you prepare your 2022 tax returns. To avoid processing delays and potential IRS penalties, taxpayers must report all forms of potentially taxable income. In addition to wages or a salary that you receive as an employee, make sure to accurately report any income you had from:
– Business activities, including selling goods online, independent contract work, side gigs or other forms of self-employment
– Interest, dividends, gains from digital assets (cryptocurrency, non-fungible tokens, stablecoins) transactions or other investment returns
– Seasonal or other temporary or part-time work
– Prizes, awards, bonuses or gambling winnings
Our tax professionals at RTW Xxact can help you properly report all your income, and file your return electronically for faster processing. Email us today email@example.com.