02 / 11 / 22 Details Written by Angela Bryson Last Updated: 16 January 2023 FAQ: Do Penalties and Interest Stop During IRS Delays? This is a question we’ve heard frequently from Taxpayers with an overdue IRS balance or an unfiled return: do penalties and interest stop since the IRS is backlogged anyway? The answer to that question is...
01 / 20 / 22 Details Written by Angela Bryson Last Updated: 16 January 2023 Get Ready for Tax Season! Bookmark important tax resources and online tools to have on hand while filing this year.
01 / 14 / 22 Details Written by Angela Bryson Last Updated: 09 November 2023 IRS in Crisis Mode As the 2022 tax season quicklyapproaches, the Internal Revenue service is already behind due toover11 million unprocessed tax returns left over from the 2021 tax season.
12 / 16 / 21 Details Written by Angela Bryson Last Updated: 09 November 2023 The Final Advance Child Tax Credit Payment Those who are not receiving payment can claim missed payments on their 2021 tax return.
12 / 09 / 21 Details Written by Angela Bryson Last Updated: 09 November 2023 Retirees to Take Required Minimum Distribution by December 31st The IRS is reminding retirement plan participants and individual account owners that their required minimum distributions must be taken by December 31st.
12 / 03 / 21 Details Written by Angela Bryson Last Updated: 16 January 2024 How To Prepare For Tax Filing Season In 2022 As the year comes to an end, there are some steps you can take now to make sure your tax filing goes smoothly in 2022.
11 / 19 / 21 Details Written by Angela Bryson Last Updated: 09 November 2023 IRS Criminal Investigation Releases 2021 Annual Report The IRS Criminal Investigation Fiscal Year 2021 Annual Report highlights over 2,500 criminal investigations, $10 billion identified from tax fraud and financial crimes, and a 90% conviction rate.
11 / 12 / 21 Details Written by Angela Bryson Last Updated: 16 January 2023 Tax Changes Affecting Businesses That Use Payment Apps Such as Venmo, CashApp, and PayPal Millions of people use payment apps like Venmo, CashApp, PayPal, etc. to send money and make payments. If you are using these apps to receive payment for your business, you could be affected by a tax change coming in the new year.
11 / 05 / 21 Details Written by Angela Bryson Last Updated: 09 November 2023 Year-End Giving: Tax deduction for Charitable Donations The IRS is reminding Americans that a tax deduction will help Americans deduct up to $600 in donations to qualifying charities on their 2021 tax return.
10 / 21 / 21 Details Written by Angela Bryson Last Updated: 16 January 2023 The IRS Has Awarded New Contracts to Private Collection Agencies Private collection agencies are used by the IRS to collect overdue tax debts and the new contracts started September 23, 2021. Taxpayers with unpaid taxes may be contacted by them. The newest contracts have been awarded to CBE Group, Inc., Coast Professional, Inc., and ConServe.