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Service providers, others may receive 1099-Ks for sales over $600 in early 2023

By |2022-11-29T15:21:11-05:00November 29th, 2022|Forms|

Source: IRS.gov IR-2022-189, October 24, 2022 WASHINGTON — The Internal Revenue Service reminds taxpayers earning income from selling goods and/or providing services that they may receive Form 1099-K, Payment Card and Third-Party Network Transactions, for payment card transactions and third-party payment network transactions of more than $600 for the year. [...]

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Tax Payment Instructions for Tax Year 2023

By |2022-11-15T14:18:40-05:00November 15th, 2022|Tax Payments|

To make an Estimated Tax payment today… Jump to Direct Pay Or go to IRS.gov, Select Make a Payment, then Pay Now with Direct Pay, Make a Payment Select the Reason for Payment, Type of Tax, and Tax Year as indicated here -> Verify Identity The next screen will ask you to verify [...]

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Tax Payment Instructions for Tax Year 2022

By |2022-11-15T14:13:17-05:00November 15th, 2022|Tax Payments|

To make an Income Tax payment today... Jump to Direct Pay Or go to IRS.gov, Select Make a Payment, then Pay Now with Direct Pay, Make a Payment Select the Reason for Payment, Type of Tax, and Tax Year as indicated here -> Verify Identity The next screen will ask [...]

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Employers warned to beware of third parties promoting improper Employee Retention Credit claims

By |2022-10-19T11:42:42-04:00October 19th, 2022|Coronavirus, Employers, News Articles|

IRS.gov Issue Number:    IR-2022-183 WASHINGTON -- The Internal Revenue Service today warned employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some third parties are taking improper positions related to taxpayer eligibility for and computation of the [...]

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IRS: Hurricane Ian victims in the Carolinas qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15

By |2022-10-06T11:56:03-04:00October 6th, 2022|Individual Income Tax, News Articles|

Issue Number:    IR-2022-173 IRS: Hurricane Ian victims in the Carolinas qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15 WASHINGTON — Hurricane Ian victims throughout both North Carolina and South Carolina now have until Feb. 15, 2023, to file various federal individual and business tax returns and [...]

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IRS: Hurricane Ian victims in Florida qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15

By |2022-09-29T15:26:26-04:00September 29th, 2022|Individual Income Tax, News Articles|

Issue Number:    IR-2022-168 IRS: Hurricane Ian victims in Florida qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15 WASHINGTON — Hurricane Ian victims throughout Florida now have until Feb. 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal [...]

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IRS Provides Update on Unprocessed Returns

By |2022-09-01T16:44:30-04:00September 1st, 2022|Corporate Income Tax, Individual Income Tax, News Articles|

As of Aug. 19, the IRS had 8.7 million unprocessed individual tax returns that were submitted in 2022, but continues to open mail within its normal timeframes, according to an update posted to the IRS's website Aug. 29. The unprocessed returns include those filed for the 2021 tax year and [...]

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COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being refunded to 1.6 million taxpayers

By |2022-08-26T14:27:53-04:00August 26th, 2022|Coronavirus, Penalties and Interest|

Source: IRS.gov IR-2022-155, August 24, 2022 WASHINGTON — To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service today issued Notice 2022-36PDF, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late. The IRS is also taking an additional step to [...]

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College students should study up on these two tax credits

By |2022-08-11T12:06:36-04:00August 11th, 2022|Individual Income Tax, Students and Education|

Source: IRS.gov Issue Number: Tax Tip 2022-123 College students should study up on these two tax credits Anyone pursuing higher education, including specialized job training and grad school, knows it can be pricey. Eligible taxpayers who paid higher education costs for themselves, their spouse or dependents in 2021 may be able [...]

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Florida Sales Tax Holiday Ends Soon & Don’t Forget to Write-Off Classroom Supplies

By |2022-08-03T12:38:46-04:00August 3rd, 2022|News Articles, Parents and Children, Sales and Use Tax, Students and Education|

For Florida Parents & Teachers: For Teachers: Source: IRS.Gov Issue Number: Tax Tip 2022-118 From markers to face masks, classroom supplies may be tax deductible Teachers go above and beyond for their students, often buying classroom supplies needed to make learning successful. The educator expense deduction allows eligible teachers and administrators [...]

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