January 15th 2024 is the last day to make an estimated tax payment for 2023. With this deadline looming, it's crucial for individuals and businesses to turn their attention to estimated tax payments. Understanding the implications can help you navigate this process more effectively and avoid potential penalties. Who Needs [...]
As we approach the end of the year, it’s time to focus on the 1099-NEC compliance for the 2023 tax year. If requested, we’re here to guide you through this process to ensure timely and accurate filing. Notify us of your filing intent by email or phone. Why is [...]
IRS: Beware of fake charities; check before donating Source: IRS.gov, IR-2023-196, Oct. 23, 2023 WASHINGTON —With the tragic crises and natural disasters happening around the globe, many are responding to the call to give what they can to help. The Internal Revenue Service today warned taxpayers to be wary of [...]
The approaching tax filing extension deadline is Monday, October 16th. We urge all taxpayers that requested a filing extension for their 2022 tax return to finalize and submit their Form 1040 by this date to prevent any late filing penalties. Please note, if your business operates within disaster-affected areas in [...]
Ready to make your payment? Check our step by step instructions here! Source: IRS.gov Issue Number: IR-2023-165 IRS reminds gig workers, self-employed and others of Sept. 15 third quarter estimated tax payment deadline WASHINGTON – The Internal Revenue Service is reminding taxpayers who pay estimated taxes that the deadline to [...]
Source: IRS.gov Issue Number: Tax Tip 2023-81 Tax considerations when selling a home Many people move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return. When selling a home, [...]
Mid-June estimated tax payment deadline in sight for many taxpayers WASHINGTON — The Internal Revenue Service today reminded taxpayers of the 2023 second quarter estimated tax deadline. Those who pay estimated taxes should consider the June 15 deadline to stay current with their taxes. Estimated tax is the method used [...]
2023 Important Update: Compliance with the Gramm-Leach-Bliley Act (GLBA) and IRS Information Security Guidelines PRIVACY POLICY As your accounting and tax firm, we are committed to providing you with the most secure and efficient services possible. In light of this commitment, we wanted to share some important information about our [...]
Source: IRS.gov Issue Number: IR-2023-94 IRS: Florida storm victims qualify for tax relief; April 18 deadline, other dates extended to Aug. 15 WASHINGTON — Florida storm victims now have until Aug. 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service [...]
IRS.gov - Tax Tip 2023-52 Tax day reminders for all taxpayers The filing and payment deadline for most 2022 federal tax returns has arrived. Here’s what last minute filers need to know. Taxpayers who need more time can request an extension Taxpayers can request an extension of time to file [...]
