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Tennessee Storm Victims
Qualify for tax relief; April 18 deadline, other dates extended to July 31. Tennessee storm victims now have until July 31, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today. The IRS is offering relief to any area designated by the Federal Emergency Management…
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Upload Your Tax Info
If you’ve procrastinated this long, you may not be able to get an appointment for a face-to-face meeting. However, if you upload your tax documents to us now, we will be able to input and review your data faster. Why not try it? More than 1,100 of our clients are now filing their taxes remotely…
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Sunday Morning Coffee
….Reflecting on the week before. Greg If you read my Sunday morning blog posts during tax season, you will know that I almost always refer to the telephone traffic during the prior week. Last week we received 357 incoming calls and placed 536 outgoing calls. 893 Telephone Conversations That 893 number does not represent just…
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Time is Running Out
The tax filing deadline is two short weeks away… April 18 is the deadline for most people to file their individual income tax returns and pay any tax owed. During its processing, the IRS checks your tax return for mathematical accuracy. When processing is complete, if you owe any tax, penalty, or interest, you will…
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Using Our Client Portal is So Easy
You may use a home computer, tablet or phone to upload or download documents. Exchanging documents this way is actually more secure than mailing paper! This season has seen an exponential increase in portal activity. I am so pleased and cannot wait to see the additional increase in the coming year. First Time Sign In…
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April is Here!
What is the old saying? April showers bring May flowers. April also brings our Tax Season to a close on the 18th. Our schedule is very full; however, we still have a few openings to fill. When you are scheduling your appointment, you may have to schedule with another agent than you normally would. Please…
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Revenue Ruling RR-2023-02
Section 1014 of the Internal Revenue Code does not apply …. Revenue Ruling 2023-02 confirms that the basis adjustment under section 1014 generally does not apply to the assets of an irrevocable grantor trust not included in the deceased grantor’s gross estate for Federal estate tax purposes. Section 1014 of the Internal Revenue Code does…
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The Last Week of March and First Week of April
These two weeks are our very busiest of the season. The last week of March and the first week of April are always the two weeks filled with the most activity. Everything kind of shifts into high gear at this time and generally, our biggest obstacle is mailing out paper to those clients that require…
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Tax Season Update
Just when you think you are ahead in the ballgame, something comes along and creates an obstacle to overcome. Pitney Bowes notified me that I had to upgrade our mail machine by April 1, 2023. New Postage Meter The new mail machine arrived Wednesday, however I have not had an opportunity to begin the process…
