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If you make contributions to your Individual Retirement Arrangement (IRA) up until April 18, 2022, it can be claimed for a deduction on your 2021 tax return.

These are questions we get frequently during tax time - “What do I do if my ex claimed the kids, and this was my year to claim them?” – “Can I claim my children even though they live with my ex?”

The end of January meant one thing for us Tax Professionals – the official kick-off of tax season. In addition to the IRS opening the e-filing system which typically goes live at the end of January (it went live January 24^th this year – 2022), the deadline for businesses to distribute income statements such as w-2s to employees also occurred.

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...

Bookmark important tax resources and online tools to have on hand while filing this year.  

As the 2022 tax season quicklyapproaches, the Internal Revenue service is already behind due to over 11 million unprocessed tax returns left over from the 2021 tax season.

Those who are not receiving payment can claim missed payments on their 2021 tax return.

The IRS is reminding retirement plan participants and individual account owners that their required minimum distributions must be taken by December 31st.

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.

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.