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CROWDFUNDING SIMPLIFIED:
Crowdfunding is a method of raising money through websites by soliciting contributions from a large number of people.

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IRS ISSUES RELEASE ON WHY SOME TAX REFUNDS ARE DELAYED:
From the Editor: you may want to print this and send it to your clients with their tax returns…

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Virtual Currency Transaction Reporting Guidelines
All taxpayers filing Form 1040, Form 1040-SR or Form 1040-NR must check one box answering either “Yes” or “No” to the virtual currency question.

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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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