While most Americans have their eyes firmly on the Christmas holidays, many US retirees have another milestone to consider.…
Read more about IRS: Don't Forget the Required Minimum Distributions Deadline
Taxpayers with foreign bank or financial accounts are being reminded that time is running out to file the yearly report of their holdings.…
Taxpayers now know the private firms that could come calling to collect tax debt after September 23, 2021. This latest announcement from the Internal Revenue Service marks the fifth year the agency has used private debt collectors for overdue taxes.…
Read more about IRS Announces Contracts with Debt Collectors
It may seem that we just got through with the 2021 income tax season, but there’s already another tax deadline waiting in the wings.…
The Internal Revenue Service is reminding some tax-exempt organizations that they face the same May 17 filing deadline as regular income tax filers.…
Much like last year, the 2021 filing season has been characterized by challenges. The season started later than usual, tax professionals and taxpayers continue to manage pandemic safety precautions, and guidance is pending for the retroactive tax law changes included in the American Rescue Plan Act of 2021 that President Biden signed into law last week.…
The Internal Revenue Service is reminding taxpayers that today—January 15, 2021—is the deadline for making a tax year 2020 fourth quarter estimated tax payment. The goal of the press release is to prevent taxpayers who did not pay enough tax throughout 2020 from owing tax or a penalty during filing season.…
Read more about Today is the Deadline for Making a TY 2020 Fourth Quarter Estimated Tax Payment
The tax-filing season will be upon us before we know it, so the Internal Revenue Service is urging taxpayers to take actions now to help ensure they can file timely and accurate returns in 2021.…
Read more about What’s New, What to Consider When Filing in 2021
