Tax information from the IRS and shared by Vernoia, Enterline + Brewer, CPA LLC.
People should put together an emergency preparedness plan for their household – and include copies of their vital records and financial information.
Emergency Preparedness Plans Should Include Financial Records and Tax Information Read More »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »