Beginning Jan. 1, 2024, many companies in the United States will have to report information about their beneficial owners (the individuals who ultimately own or control the company) and company applicants (the individual(s) who directly files or is primarily responsible for the filing of the […]
IRS provides relief to Hurricane Beryl victims in Texas; various deadlines postponed to Feb. 3, 2025 WASHINGTON — The Internal Revenue Service announced today tax relief for individuals and businesses in 67 Texas counties affected by Hurricane Beryl that began on July 5, 2024. These […]
Summer wedding season has arrived, and newlyweds can make their tax filing easier by doing a few things now. A taxpayer’s marital status as of December 31 determines their tax filing options for the entire year, but that’s not all newlyweds need to know. Report […]
Texas Governor Greg Abbott has proclaimed February 4-10, 2024, to be Enrolled Agents Week.
A note to all of our clients: We are writing to you regarding new reporting requirements for many businesses, which can include Single member and multi member LLC’s, C and S Corporations. Starting January 1, 2024, certain businesses will be required to comply with the […]
IRS highlights International Fraud Awareness Week; taxpayers urged to protect against scams, schemes WASHINGTON – As part of ongoing efforts to protect taxpayers, the Internal Revenue Service reminds people that International Fraud Awareness Week serves as an important time to protect personal and financial information […]
The Internal Revenue Service recently reminded taxpayers that they must again answer a digital asset question and report all digital asset-related income when they file their 2022 federal income tax return, as they did for fiscal year 2021. The term “digital assets” has replaced “virtual […]
The Internal Revenue Service encouraged taxpayers to take important actions this month to help them file their 2022 federal tax returns. Here’s what’s new and some key items for taxpayers to consider before they file next year. Reporting rules changed for Form 1099-K. Taxpayers should […]
The Internal Revenue Service has awarded new contracts to three private-sector collection agencies for collection of overdue tax debts. The new contracts begin Thursday following today’s expiration of the old contracts. As of Thursday, Sept. 23, 2021, taxpayers with unpaid tax bills may be contacted […]
Child Tax Credit Eligibility Assistant helps families determine whether they qualify for Child Tax Credit payments Update Portal helps families monitor and manage Child Tax Credit payments The Internal Revenue Service today launched two new online tools designed to help families manage and monitor the […]
