Internet Activities Protected From State Tax
Public Law 86-272 can shield companies from state income tax liability when doing business over the internet.
Penalty Relief Related to Claims for the Employee Retention Credit
The Department of the Treasury and the Internal Revenue Service have received requests from taxpayers and their advisors for relief from penalties arising when additional income tax is owed because the deduction for qualified wages is reduced by the amount of a retroactively claimed employee retention tax credit (ERTC), but the taxpayer is unable to …
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What to Do if You Missed the April Tax Deadline
The federal income tax deadline has passed for most individual taxpayers. However, some haven’t filed their 2021 tax returns or paid their tax due.
Open and Carefully Read Mail from the IRS
Here are six reasons you should open a letter received from the IRS via the USPS:
Many Tax Exempt Organizations Must File by May 16
The Internal Revenue Service reminds tax-exempt organizations that many have a filing deadline of May 16, 2022.
Avoid Tax Return Errors That Can Delay Processing
The Internal Revenue Service reminded taxpayers how to avoid common errors on their tax returns.
Can You Use that Durable Power of Attorney Before the IRS?
Many taxpayers create durable powers of attorney for estate planning or other purposes.
April Deadline: $1.5 billion in Refunds for Unfiled 2018 Federal Income Tax Return
Unclaimed income tax refunds totaling almost $1.5 billion may be waiting for an estimated 1.5 million taxpayers who did not file a 2018 Form 1040 federal income tax return, but people must act before the April tax deadline, according to the Internal Revenue Service.
Retirees: April 1 is Last Day to Start Taking Money Out of IRAs and 401(k)s
Retirees who turned 72 during the last half of 2021 that, in most cases, Friday, April 1, 2022, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans.
2021 Changes in Child Tax Credit
Major changes in the 2021 child tax credit may complicate 2021 tax returns.