Talking Tax Forms 2022

Broad City image via Giphy.com

It's finally 2022! Here's hoping that unfulfilled wish from 2021 is finally granted this year. You know the one, that we'll finally be done with COVID-19.

Until that happens, though, we've got to muddle through, both life and taxes.

And one thing is always the same when it comes to taxes. There are always forms, and they are always being tweaked.

OK, that's two things about forms. And that second thing, the changes, is why I'm continuing the ol' blog's special page on tax forms. This feature is now in its third year, evolving (like Internal Revenue Service paperwork) from Tax Form Tuesday in 2020 to Tax Forms Fiesta! in 2021.

On this 2022 iteration, you'll find posts that mention, and sometimes focus on, IRS forms you might run across while filing.

Some are documents you have to complete. Others are the statements (or forms) that you'll get to help you file your return.

While I'm filling out this new Talking Tax Forms 2022 page, you can always peruse the forms that were featured in the aforementioned 2020's Tuesdays and 2021's Fiesta!.

Keep an eye out for IRS letters on COVID relief money, advance Child Tax Credit payments (Form 1040 and Schedule 8812; posted Jan. 4, 2022)
Tax statements you need to file your 2021 return (W-2, W-G, 1095 series, 1098 series, 1099 series, Forms 5498 and 5498-ESA, Letter 6419, Letter 6475, and Schedule K-1; posted Jan. 11, 2022)
Final 2021 estimated tax payment due Jan. 18 (Form 1040-ES; posted Jan. 14, 2022)
Free File 2022 is open; 8 companies offer no-cost tax software (Form 1040, state returns, and tax software; posted Jan. 15, 2022)
Standard deduction amounts for 2021 tax returns (Forms 1040 and 1040-SR; posted Jan. 23, 2022)
Recovery Rebate Credit on 2021 tax return could help get missed COVID stimulus money (Form 1040; posted Jan. 26, 2022)
IRS halts issuance of automated 'missing tax return' notices (IRS Notice CP-80; posted Jan. 27, 2022)
A look at EITC changes on this year's EITC Awareness Day (Schedule EIC; posted Jan. 28, 2022)
Personal cash app transfers are NOT part of new IRS reporting rule (Form 1099-K; posted Jan. 30, 2022)
Made a tax return mistake? Fix it by X-filing an amended return (Form 1040-X; posted Feb. 2, 2022)
Tracking down 2020 — yes, two-year-old — missing EIPs (Form 3911; posted Feb. 9, 2022)
IRS suspends issuance of 14 more taxpayer notices (IRS Notices; posted Feb. 11, 2022)
Reporting gambling winnings, other income on Schedule 1 (Form 1040 Schedule 1; posted Feb. 12, 2022)
IRS sending 1099-INTs to taxpayers who got interest added to tax refunds (Form 1099-INT; posted Feb. 14, 2022)
What to do if you're still missing your W-2 (Form 4852; posted Feb. 23, 2022)
No itemizing needed to claim these 25 tax deductions (Form 1040, Schedule 1; posted March 14, 2022)
Owe the IRS? Got a big refund? Adjust your withholding (Form W-4; posted March 17, 2022)
7 ways to pay your tax bill (Form 1040-V; posted March 22, 2022)
11 medical costs that could make itemizing the best tax Rx (Form 1040, Schedule A; posted March 29, 2022)
Simplified home office tax deduction pays off for some small businesses (Form 8829 and Schedule C; posted March 30, 2022)
Options if you can't pay your tax bill in full (Form 9465 and Forms 433-A, 433-B and 433-F; posted April 7, 2022)
April 18 also is deadline to file FBAR foreign assets report (FinCEN Form 114; posted April 8, 2022)
Taxpayers abroad get until June 15 to file tax returns (Form 4868 and Foreign Earned Income Exclusion; posted April 10, 2022)
Maximizing your itemized tax deductions (Form 1040, Schedule A; posted April 12, 2022)
A quick estimated tax Q&A in advance of the April 18 deadline (Form 1040-ES; posted April 13, 2022)
Need more time to file your 1040? Submit Form 4868 (Form 4868; posted April 14, 2022)
IRS won't accept checks of $100 million or more (Form 4868 redux; posted April 17, 2022)
IRS refund late? At least you'll get some interest, which so far has totaled $3.3 billion (1099-INT; posted May 14, 2022)
$163 billion in unemployment fraud run up during pandemic (1099-G; posted May 15, 2022)
NM wildfire victims get Tax Day, other filing/payment deadlines, pushed to Aug. 31 (Form 1040-X; Form 4506, Request for Copy of Tax Return; Form 4506-T, Request for Transcript of Tax Return; posted May 17, 2022)
5 tax considerations for young workers and their parents (Form 1040 Schedule C; Schedule SE; W-4; posted June 8, 2022)
Taxpayer Advocate urges more tax e-filing options; IRS provides additional electronic 1040-X forms (Form 1040-X redux; Form 1040-NR; posted June 23, 2022)
IRS approves some fake charities. What's a donor to do now? (Form 1023; Form 1023-EZ; posted July 6, 2022)
OK & MT severe weather victims get IRS tax relief, new filing deadlines (Form 1040-X redux; Form 4506, Request for Copy of Tax Return redux; Form 4506-T, Request for Transcript of Tax Return redux; posted July 8, 2022)
Kentucky flood victims get new Nov. 15 tax deadline (Form 1040-X redux; Form 4506, Request for Copy of Tax Return redux; Form 4506-T, Request for Transcript of Tax Return redux; posted Aug. 4, 2022)
Missouri flood victims get new Nov. 15 tax deadline (Form 1040-X redux; Form 4506, Request for Copy of Tax Return redux; Form 4506-T, Request for Transcript of Tax Return redux; posted Aug. 10, 2022)
Educators' expenses tax deduction rises (finally!) to $300 (Form 1040, Schedule 1; posted Aug. 15, 2022)
Welcome federal student debt relief could create some state tax issues (Form 1099-C, Cancellation of Debt; posted Aug. 27, 2022)
Teachers deserve more than the current paltry tax deduction for classroom costs (Form 1040, Schedule 1; posted Sept. 10, 2022)
Some Mississippi taxpayers get more time to file in wake of Jackson's water crisis (Form 1040-X redux; Form 4506, Request for Copy of Tax Return redux; Form 4506-T, Request for Transcript of Tax Return redux; posted Sept. 13, 2022)
Feb. 15, 2023, new tax deadline for hurricane-hit Puerto Rico (Form 1040-X redux; Form 4506, Request for Copy of Tax Return redux; Form 4506-T, Request for Transcript of Tax Return redux; posted Sept. 20, 2022)
Texas BBQ joint employees finally get improperly distributed taxable tips (Form 4070A, Employee's Daily Record of Tips; Form 4137, Social Security and Medicare Tax on Unreported Tip Income; posted Sept. 21, 2022)
4 ways to authorize a tax representative (Form 2848, Power of Attorney and Declaration of Representative; Form 8821, Tax Information Authorization; Form 1040; posted Sept. 26, 2022)
IRS stepping up crypto info and tax collection (Form 1040 tax year 2022; posted Sept. 27, 2022)
New gig economy reporting law could create tax confusion for online sellers of personal property (Form 1099-K, Payment Card and Third-Party Network Transactions; posted Oct. 1, 2022)
Texas border troops could face surprise tax bills due to underwithholding error (Form W-4, Employee's Withholding Certificate; posted Oct. 6, 2022)
FBAR extended filing deadline is Oct. 17 (FinCEN Form 114; posted Oct. 11, 2022)
IRS warns that tax refunds in 2023 might be smaller. Here are 3 reasons why (Form 1099-K, Payment Card and Third Party Network Transactions; Posted Dec. 4, 2022)
What to do if your 1099-K is not OK (Form 1099-K, Payment Card and Third Party Network Transactions; Posted Dec. 5, 2022)
IRS seeking new ETAAC members to help it achieve its electronic goals (Form 13768, Electronic Tax Administration Advisory Committee [ETAAC] membership application; posted Dec. 9, 2022)
Reporting holiday and year-round taxable tip income (Form 4137, Social Security and Medicare Tax on Unreported Tip Income; posted Dec. 13, 2022)
Heat pumps get special tax break in Inflation Reduction Act's home energy enhancements (Form 5695, Residential Energy Credits; posted Dec. 22, 2022)
IRS will delay $600 1099-K reporting for a year (Form 1099-K, Payment Card and Third-Party Network Transactions; posted Dec. 23, 2022)
Make retirement plans now to claim the Saver's Credit (Form 8880, Credit for Qualified Retirement Savings Contributions; posted Dec. 28, 2022)

And if you want more info on other forms not featured here, check out the ol' blog's Forms category. It will show Tax Form Fiesta! entries, as well as other tax documents that I've posted about over the years, with the newest post first. Just keep scrolling.

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Today's Tax Tip

IRS TACs holding special Saturday hours for walk-ins — To help taxpayers who can't make a weekday appointment at an Internal Revenue Service Taxpayer Assistance Center (TAC), the tax agency will open some of them across the country on four upcoming Saturdays nationwide. The first Saturday TAC sessions will be this weekend, Feb. 11. The other special openings will be on March 11, April 8, and May 13. Best of all, no appointments needed at any of the TAC Saturdays. (Feb. 8, 2023)
The 2023 Tax Tips offer ways to file your annual return, along with post-filing advice, important tax news and, of course, ways to cut your current tax year bill. You'll find the monthly assemblages on their own respective pages: January, February, March, April, May, June, July, August, September, October, November and December. Remember, tax tasks and tips don't stop after you file your annual return!

All About Kay

OK, some about Kay

Kay Bell — Native Texan
(the blog title totally makes sense now, right?). Professional journalist. Tax geek.

My Other Accounts

*************

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Tax Year 2023 Countdown!

Happy New Tax Year! Are you ready to file your 2022 tax return? Me neither. But at least this year we're getting some extra time to file and pay any tax we owe. Even better, it's not COVID-19 pandemic related. Tax Day 2023 is Tuesday, April 18. This later date is because April 15, 2023, is on Saturday, and the next business day, Monday, April 17, is Emancipation Day.
When this Washington, D.C., holiday falls on the day our federal taxes are due, it bumps Tax Day nationwide to the next business day. So this year, we have until Tuesday, April 18, to finish our federal forms and, if we find we owe, come up with the money for Uncle Sam. The states that follow the federal tax calendar, which is most of them, also tend to abide by this date change.

The countdown clock below should help us from missing out on making important tax-saving moves the rest of this year. Plus, the Tax Moves below the counter will list some timely tasks to take care this first month of 2023, and each of the remaining 11 when they arrive. They'll speed by quickly when you're having tax fun!
Note: I'm in the Central Time Zone, so adjust accordingly for where you live.

Time for Tax Tasks

Hello February, and ❤ to our new 2023 Valentine, the Internal Revenue Service. OK, maybe love for the IRS is a little much, but we at least want to make nice with Uncle Sam's tax collector this month as it goes into the first full, albeit short, month of the tax season. That means some taxpayers will be getting their refunds in February!

via GIPHY

With just 28 days, it will mean some full days for both IRS employees, some of whom are still trying to catch up on that lingering COVID-19 pandemic backlog, and all of us who'll file this month. So let's not waste anymore time, and get to some tax tasks for this shortest month of the year!

Feb. 1: Employers and other third-party payers were to have issued us our W-2 and associated 1099 forms by Jan. 31. If you're still waiting, be patient and give them a tad more time. And don't forget to check your email, as many issuers sent out electronic notices of the online availability forms and other statements you need to file your taxes instead of relying on the U.S. Postal Service.

Feb. 2: Happy Groundhog Day!

The main reason to wait for the correct tax statements is to avoid getting caught in a Bill Murray kind of tax loop, where you have to file an amended tax return because you entered wrong info on your original 1040.

Feb. 7: Black History Month is celebrated every day this month, commemorating the achievements by black Americans and recognizing the role of African Americans in U.S. history.

The National Association for the Advancement of Colored People (NAACP), the nation's oldest and largest grassroots-based civil rights organization, was founded on this month, specifically on Feb. 12, 1909, the centennial anniversary of the birth of Abraham Lincoln, who issued the Emancipation Proclamation twice.

One of the NAACP's key divisions is its Legal Defense and Educational Fund.
If you want to support the Fund's work, during Black History Month or any day of the year, you can donate to it and, since it is a 501(c)(3) organization, claim your gift as a charitable tax deduction if you itemize. Sorry, filling out Schedule A is your only option this filing season, since Congress didn't renew the option to claim cash gifts of up to $300 for single filers or $600 for married filing jointly couples directly on Form 1040.

Feb. 10: Do you work as a server at a restaurant or at any other establishment where gratuities from customers are part of your compensation? I hope you got lots of financial thanks for doing your job well, but remember that those tips are taxable income.

Whether you're dining in or, still COVID leery and getting food delivered to your home, if a tip isn't included on your restaurant or delivery bill, click the image above to calculate how much to tip the person who brought it to you.

If you got at least $20 in gratuities in January, you must account for the tips today by using Form 4070 to report last month's tips total to your employer.

Feb. 12: Are your ready Chiefs, Eagles, and special television commercial fans? It's finally Super Bowl Sunday! Not only will today's 57th Super Bowl decide American professional football's champion, it's also the biggest single betting day of the year. The NFL, like the other professional U.S. sports leagues, have embraced betting. Just remember, if any of your wagers pay off, you owe tax on your winnings. Note, too, that even if your winnings are part of a fantasy sports bet, the associated taxes are very real.

Feb. 14: Happy Valentine's Day! Do you and your better half file a joint return? Most married couples do. Remember to look over the 1040 carefully before you sign it. When both spouses sign their jointly filed 1040, each is jointly and severally liable for the entire tax amount due. I don't want to spoil your Heart Day celebration, but this means the IRS can come after either spouse for payment of a tax bill, even the husband or wife who is in more dire financial circumstances.

Feb. 15: Today is the day that the Internal Revenue Service finally can issue refunds to filers who claimed the Earned Income Tax Credit (EITC) or additional Child Tax Credit. But don't spend the money just yet. Even if you're getting your tax refund directly deposited, the IRS' general processing time plus protocols of financial institutions receiving the refunds you’re your tax cash probably won't actually show up in your account until the end of this month.

Feb. 20: Today is one of the reasons for tax refund delays. It's the Washington Birthday federal holiday, officially honoring George Washington, the Father of Our Country. Over the years, however, this federal (three-day, yay!) holiday has come to commemorate the contributions of all our Commanders in Chief, and is popularly known as Presidents' Day. That means we've got to give another shout out to Abraham Lincoln, who essentially was father of our income tax system, signing into law a tax on earnings to help pay Civil War costs.

Feb. 24: You're ready to work on your tax return, but you're on a budget. No worries. The IRS and its Free File Alliance partners again offer no-cost online tax preparation and electronic filing to eligible taxpayers at the IRS' special Free File web page. This year, seven tax software companies are participating.

The Free File income threshold this year remains at adjusted gross income (AGI) of $73,000 or less, regardless of your filing status.

Feb. 28: Wow! February really did speed by, especially since we were having so much tax fun. Or maybe you weren't having any fun at all trying to do your taxes yourself, even with software's prompts, and have decided to turn to professional tax help. That's a smart move, and here are some tips on how to find the perfect tax professional for your filing and planning needs. Note, though, that at this point in the filing season, you're likely to be placed at the end of that tax pro's very long client queue, as reputable tax preparers' calendars fill up fast. So again, be patient. You're at least now in tax filing line.

Small Business Tax Calendar: Important filing, deposit and record keeping dates throughout the year that your company needs to know. You can get more tax calendar information at the IRS' online calendar page and view the full year's important business and individual tax dates in IRS Pub. 509.

State Tax Help

Don't forget your state taxes!
Forty-three states and D.C. collect personal income taxes. But even if you live in of the seven states without an income levy, you still face other state (and local) taxes.

State Tax Departments provides links to your state's Web page. The companion page, Tax Tidbits, is the compilation of blurbs about each state's tax laws. And for more state tax news, check out all our state tax bloggings.

Tax Forms

Thanks to our increased use of tax preparers and computer software, many of us don't see our tax forms until we sign and file them. But knowing what's on these documents, either in paper or digital form, and why the IRS wants it is key to understanding our tax system. And knowledge definitely is power, especially when it comes to tax savings. Find this valuable information in the ol' blog's special Tax Forms 2023 page.

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Tax Reading Room
You also might enjoy these other tax tips from some of my tax-writing colleagues:
JK Lasser 2023 taxes
Dealing With the IRS
JK Lasser 1001 Deductions
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I gotta tell ya ...

AKA Disclaimer:
I am a professional journalist who has been covering tax issues since 1999.
I am not a professional tax preparer.
The content on Don't Mess With Taxes is my personal opinion based on my study and understanding of tax laws, policies and regulations. It is provided for your private, noncommercial, educational and informational purposes only. It is not a recommendation of any specific tax action(s) you should or should not take. Similarly, mentions of products or services are not endorsements. In other words, my ramblings on the ol' blog are free advice and you know what they say about getting what you pay for. That's why when it comes to filing your taxes, I urge you to get additional, professional, paid-for guidance from an accountant, Enrolled Agent or other qualified tax preparer who is familiar with your individual tax circumstances.

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COVID-19 & Taxes

Coronavirus has wreaked havoc
on the 2020 and 2021 tax seasons.
These three Coronavirus (COVID-19) and Taxes pages have details:
March-July 2020,
August-December 2020,
January-December 2021, and
January-December 2022
You can find medical coronavirus resource links in the next section.

COVID-19 Resources

Need help finding a coronavirus vaccine in the United States?
Call 1-800-232-0233
or TTY 1-888-720-7489.
More information and resources at:
CDC Vaccines
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HHS Combat COVID
USA.Gov COVID Info

February 2023

Tell it to the Hill

While it's easy to rail at the IRS, for the most part we can thank — or blame — our tax laws on Congress and the White House. So if you have an issue with tax legislation or want a tax bill passed, you need to let your federal legislators and the White House occupant know of your concerns. You can find out who in Washington, D.C., to contact (and how), as well as get information on your local lawmakers for matters, tax or otherwise, closer to home, at USA Gov.

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