Missed the April 18 Filing Deadline? File Now
The Internal Revenue Service today urged taxpayers who missed Tuesday’s April 18 tax-filing deadline to file as soon as possible.
Missed the April 18 Filing Deadline? File Now Read More »
IRS
Tax information from the IRS and shared by Vernoia, Enterline + Brewer, CPA LLC.
Tax-exempt Organizations Annual May Filing Deadline
The Internal Revenue Service reminds thousands of tax-exempt organizations of their May 15, 2023, filing deadline.
Tax-exempt Organizations Annual May Filing Deadline Read More »
Over 72 in 2022? IRA Withdrawal is for You!
The Internal Revenue Service reminds retirees who turned 72 during 2022 that, in most cases, Sunday, April 1, 2023, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans.
Over 72 in 2022? IRA Withdrawal is for You! Read More »
Employee Retention Credit Claims
In a further warning to people and businesses, the Internal Revenue Service added widely circulating promoter claims involving Employee Retention Credits as a new entry in the annual Dirty Dozen list of tax scams.
Employee Retention Credit Claims Read More »
Digital Asset Reporting, Foreign Revenue, and Foreign Assets
The Internal Revenue Service reminds taxpayers of their reporting and potential tax obligations on income from transactions from digital assets and foreign sources or holding certain foreign assets.
Digital Asset Reporting, Foreign Revenue, and Foreign Assets Read More »
IRS Reminder to Report All Gig Income
The Internal Revenue Service reminds taxpayers of their reporting and potential tax obligations on income from the gig economy and service industry.
IRS Reminder to Report All Gig Income Read More »
Understanding Business Travel Deductions
Whether someone travels for work once a year or once a month, figuring out travel expense tax write-offs might seem confusing. The IRS has information to help all business travelers properly claim these valuable deductions.
Understanding Business Travel Deductions Read More »
EITC is a Major Tax Benefit
The EITC helps workers who earned $59,187 or less when they file their tax returns. Unfortunately, many people risk missing out on the credit because they don’t know they’re eligible — especially people who had a major life change and may qualify for the first time this year. Other workers at risk for overlooking the
EITC is a Major Tax Benefit Read More »
The Credit for Other Dependents
Taxpayers with dependents who don’t qualify for the Child Tax Credit may be able to claim the Credit for Other Dependents. They can claim this credit in addition to the Child and Dependent Care Credit and the Earned Income Credit. Here’s more information to help taxpayers determine whether they’re eligible to claim the Credit for
The Credit for Other Dependents Read More »
E-File for Businesses
The Department of the Treasury and the Internal Revenue Service issued final regulations amending the rules for filing returns and other documents electronically (e-file). These regulations will require certain filers to e-file beginning in 2024.
E-File for Businesses Read More »