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When a taxpayer should file an amended federal tax return
Tax Tip 2024-38 When a taxpayer realizes that their federal tax return has a math error, missing income or other mistake, they should...
Apr 25, 20242 min read
Taxpayers could settle federal tax debt with an Offer in Compromise
Tax Tip 2024-37 When a taxpayer can't pay their full tax debt or if paying would cause financial hardship, they should consider applying...
Apr 24, 20242 min read
Missed the April tax-filing deadline? File quickly to avoid penalties and interest; those owed a refund also shouldn’t forget to file
IR-2024-116 WASHINGTON — The Internal Revenue Service today encouraged taxpayers who missed the April tax-filing deadline to file a tax...
Apr 19, 20244 min read
Debunking common myths about federal tax refunds
Tax Tip 2024-35 Once people complete and file their tax return, many of them eagerly await any refund they may be owed. Knowing fact from...
Apr 17, 20242 min read
Need more time to file a federal tax return? It’s easy with IRS Free File
IR-2024-106 WASHINGTON — With the April 15 tax filing deadline fast approaching, the Internal Revenue Service reminds taxpayers who need...
Apr 15, 20243 min read
Direct deposit is the best way to get a federal tax refund
Tax Tip 2024-32 Direct deposit is the best way to receive a tax refund. The IRS encourages taxpayers to file by the April 15 federal tax...
Apr 11, 20242 min read
Deductions for individuals: The difference between standard and itemized deductions and what they mean
FS-2024-11 A deduction reduces the amount of a taxpayer's income that's subject to tax, generally reducing the amount of tax the...
Apr 11, 20242 min read
IRS reminder: 2024 first quarter estimated tax payment deadline is April 15
WASHINGTON —The Internal Revenue Service today advised taxpayers, including self-employed individuals, retirees, investors, businesses...
Apr 5, 20243 min read
Dirty Dozen: Beware of Offer in Compromise 'mills' that falsely claim their services are necessary to resolve IRS debt
IR-2024-91 WASHINGTON – As part of the annual Dirty Dozen list of tax scams, the Internal Revenue Service today renewed its warning to...
Apr 4, 20243 min read
IRS Criminal Investigation releases updated COVID fraud statistics on 4th anniversary of CARES Act; nearly $9 billion investigated
IR-2024-83 WASHINGTON – Four years after the enactment of a key pandemic-era law, the Internal Revenue Service released updated numbers...
Mar 28, 20243 min read
Paying the Cost to be the BOSS: January 31st is the Deadline for Employers to File W-2 and 1099 Forms
IR-2024-06, Jan. 9, 2024 WASHINGTON - With tax season rapidly approaching, the IRS reminds employers that Jan. 31 is the deadline for...
Jan 28, 20242 min read
Reporting Cryptocurrency and Other Digital Assets on Your 2023 Federal Tax Return
IR-2024-18, Jan. 22, 2024 WASHINGTON — The Internal Revenue Service today reminded taxpayers that they must again answer a digital asset...
Jan 28, 20243 min read
EARNED INCOME TAX CREDIT (EITC) AWARENESS
The IRS estimates about one in five EITC eligible taxpayers don't claim this refundable tax credit. Even if you are not required to file...
Jan 28, 20242 min read
Beneficial Ownership Information (BOI) - New Reporting Requirement for Small Business Owners
Happy New Year Small Business Owners! Are you ready to file the new Beneficial Ownership Information Report (BOI) for your organization?...
Jan 3, 20241 min read
The IRS increases the business mileage rate to 67 cents per mile for 2024
Effective on Jan. 1, 2024, business owners can deduct 67 cents per mile for business travel. IR-2023-239, Dec. 14, 2023 WASHINGTON — The...
Dec 28, 20231 min read
Dec. 31st 2023 Deadline for Required Minimum Distributions from IRAs and Retirement Plans
You cannot keep retirement funds in your account indefinitely. You generally have to start taking withdrawals from your IRA, SIMPLE IRA,...
Dec 25, 20231 min read
Demystifying Tax Write-Offs: Understanding Deductions and Their Impact
n the world of taxes, the term "write-off" is often tossed around casually, but it's essential to recognize that not all write-offs are...
Nov 5, 20232 min read
Empowering the Next Generation: Navigating Taxes and Financial Literacy
Good day, everyone! I hope you're doing well. Today, I wanted to share a recent experience that filled me with hope and excitement. As a...
Nov 5, 20232 min read
Tax Law Surprise: Pregnant Women Can Claim $3,000 Dependent Exemption per Child in Georgia
Hello, everyone! Today, I want to dive into a fascinating topic that I stumbled upon in a recent YouTube video. It's one of those...
Nov 5, 20232 min read
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