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Hurricane Ida Tax Relief: October 15 Deadline as Well as Other Dates Extended to January 3, 2022
Victims of Hurricane Ida that began on August 26 now have until January 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service has announce

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Taxpayers Can Protect Themselves from Scammers by Knowing How the IRS Communicates
If the IRS does call a taxpayer, it should not be a surprise because the agency will generally send a notice or letter first. Understanding how the IRS communicates can help taxpayers protect thems

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Small Business Tax Credits Online Presentation - August 31
Join us for a presentation on Tax Credits that small businesses are eligible to apply for to offset their tax liability.

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IRS Adds Address Change Capability to Child Tax Credit Portal
The Internal Revenue Service added a new feature to its online portal for the Child Tax Credit allowing parents to update the mailing address where they should receive the monthly payments.

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Updated Draft Form 941-X and Instructions Available
The IRS has issued a draft copy (dated July 2021) of Form 941-X, Adjusted Employer’s QUARTERLY Federal Tax Return or Claim for Refund and Instructions for Form 941-X in anticipation of the changes

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Safe Harbor for Employers Claiming the Employee Retention Credit
The IRS has issued Rev. Proc 2021-33 which provides a safe harbor for employers claiming the Employee Retention Credit (ERC).

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ICYMI: Common Questions About the Advance Child Tax Credit Payment
The advance child tax credit allows qualifying families to receive early payments of the tax credit many people may claim on their 2021 tax return during the 2022 tax filing season.

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Accounting Method Changes for Accrual Method Taxpayer's Income
In Revenue Procedure 2021-34, IRS has provided procedures for taxpayers to obtain automatic consent to change methods of accounting to comply with final regs regarding Code Sec.

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Get A Closer Look at Tax Pro Account
In recent years, the IRS has made great progress in offering taxpayers digital alternatives that made their tax responsibilities less burdensome.

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