The Supreme Court just passed down a ruling allowing states to require online retailers from out-of-state to collect sales taxes on purchases. Previously, states could only ask online sellers to collect sales taxes if that seller was located in the state.
The tax legislation from late 2017 made many changes to U.S. tax law. This includes changes to the child tax credit. These changes apply to tax year 2018, so they will be a factor next filing season.
If you have recently received a letter from the IRS indicating that you have been selected for an audit, it is natural for you to be nervous and stressed. There are several different types of audits, each with different ramifications for your personal or business taxes.