All taxpayers who missed this year’s April 18 tax-filing deadline should file as soon as possible. Taxpayers who owe and missed the deadline without requesting an extension should file quickly …
If you were born in 1950 or earlier, funds in your retirement plans and individual retirement arrangements face important upcoming deadlines for required minimum distributions to avoid penalties. Required minimum distributions, …
Getting your tax documents together is never fun, but it doesn’t have to be a giant project either. As the end of the year approaches, take a few minutes to …
The Verge and The Markup have conducted a shocking investigation into how carelessly several major tax preparation websites have treated their customers’ information. From the article: “Major tax filing services …
The IRS has announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The IRS today also issued …
The IRS has released updated information on the Work Opportunity Tax Credit (WOTC), available to employers that hire designated categories of workers who face significant barriers to employment. For employers facing …
The recently passed Inflation Reduction Act has generated a lot of confusion for individual taxpayers and large corporations alike. Sensational headlines have given rise to misleading or downright wrong articles …
To help struggling taxpayers affected by the COVID-19 pandemic, the IRS issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late. …
The IRS announced that interest rates will increase for the calendar quarter beginning October 1, 2022. For individuals, the rate for overpayments and underpayments will be 6% per year, compounded …
The Internal Revenue Service and the Federal Trade Commission will sponsor a free webinar designed to help everyone recognize and combat tax scams and tax-related identity theft. The webinar will …
