Tag: IRS
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Sunday Morning Blog – April 6, 2025
Tax Deadline Extended in Alabama for 2024 Tax Filings Due to FEMA-Declared Disaster Residents and businesses in Alabama affected by Hurricane Helene, which struck on September 22, 2024, have been granted significant tax relief by the Internal Revenue Service (IRS). Following a disaster declaration by the Federal Emergency Management Agency (FEMA), the IRS has extended…
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Disaster Victims in 9 States have Automatic Extensions
IRS reminder: Disaster victims in nine states have automatic extensions to file and pay their 2024 taxes WASHINGTON — The Internal Revenue Service today reminds individuals and businesses in areas covered by 2024 disaster declarations that their 2024 federal income tax returns and tax payments for tax year 2024 are due on Thursday, May 1,…
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IRS announces Jan. 27 Start to 2025 Tax Filing Season
The IRS expects more than 140 million individual tax returns for tax year 2024 to be filed ahead of the Tuesday, April 15 federal deadline. More than half of all tax returns are expected to be filed this year with the help of a tax professional, and the IRS urges people to use a trusted tax…
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Taxpayer Bill of Rights
By law, all taxpayers have the right to finality of federal tax matters Taxpayers have the right to finality when working with the IRS. For example, taxpayers have the right to know when the IRS has finished an audit. This is one of 10 basic rights, known collectively as the Taxpayer Bill of Rights. Here’s what…
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IRS Alternative Dispute Resolution Program
IRS Independent Office of Appeals forms Alternative Dispute Resolution Program Management Office WASHINGTON —The Internal Revenue Service Independent Office of Appeals today announced the formation of a new Alternative Dispute Resolution Program Management Office. This office will collaborate with the IRS Business Operating Divisions to help taxpayers resolve tax disputes earlier and more efficiently. …
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We Want to File Your Taxes
Although we are out of appointment slots, we can still file your taxes. Call the office and ask for us to file an extension. We will review your file and call you to discuss if we think you should pay an estimate electronically by direct debit with the extension. We had more than 1,000 calls…
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Understanding the March 15 Deadline for Passthrough Entities
As the tax season approaches, it’s crucial for owners and members of passthrough entities, such as S-Corporations and Partnerships, to be aware of the critical deadlines that affect their tax filing responsibilities. One of the most important dates to remember is March 15. This deadline is set for these entities to file their tax returns,…
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IRS begins Audits of Corporate Jet Usage
Using Inflation Reduction Act funding and as part of ongoing efforts to improve tax compliance in high-income categories, the Internal Revenue Service announced today plans to begin dozens of audits on business aircraft involving personal use. The audits will be focused on aircraft usage by large corporations, large partnerships and high-income taxpayers and whether for…
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IRS Launches More Rigorous e-Authentication Process
Text-Enabled Cell Phone Required To access the new Get Transcript Online feature of the Internal Revenue Service, taxpayers must have an email address, a text-enabled mobile phone and specific financial account information, such as a credit card number or certain loan numbers. Taxpayers who registered using the older process will need to re-register and strengthen…