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Does Your State Have a Deadline Extension This Tax Season?
Severe storms, tornadoes, floods, and mudslides have ravaged parts of the country during the past few months. If you were a victim of a natural disaster in an area designated as a federal disaster by...
View ArticleIRS Announces Tax Extension for California Filers
The IRS has extended tax deadlines for most Californian taxpayers until November 16, 2023. This extension applies to 55 out of 58 counties in California, excluding Lassen, Modoc, and Shasta counties....
View ArticleWhat Should I Do if I Missed the Extended Tax Deadline?
The tax year 2022 tax extension filing deadline was October 16th, and while some of you may have scrambled to make the tax deadline, a few of you may have missed it and are wondering what to do. It’s...
View Article1099-K Form Reporting Threshold Delay Announced For Tax Year 2023
The IRS announced another delay in reporting thresholds for third-party settlement organizations (TPSOs) set to take effect for the upcoming tax filing season. The post 1099-K Form Reporting Threshold...
View ArticleI’m Donating to Charity This Winter, Will I Still Get a Deduction?
If you plan to donate to a charity before year-end, you may be wondering how your donation affects your charitable contribution deduction. Here’s the scoop! Don’t be fooled by scammers — especially in...
View ArticleTax Tips for Unemployment Income If You’ve Been Laid Off or Furloughed
As of November 2023, unemployment rates have changed little in America, with an estimated 6.3 million unemployed persons and the national unemployment rate at 3.7 percent due to job loss or being...
View ArticleIRS Grants Penalty Relief for 5 Million Tax Returns from 2020-2021
Look who’s getting into the holiday spirit! The IRS announced a new penalty relief to help those who owe back taxes. This will impact approximately 4.7 million individuals, businesses, and tax-exempt...
View ArticleIRS Announces E-File Open Day! Be the First In Line for Your Tax Refund
Mark your calendars! The IRS confirmed today that they will begin processing tax returns on Monday, January 29. You can get started now and be first in line for your tax refund! TurboTax is already...
View ArticleGolden Globe Swag Bags: What Are the Tax Implications?
The 81st Golden Globe Awards celebrated the best in film and television productions of 2023. While everyone can’t walk away with the coveted trophy from the Hollywood Foreign Press Association (HFPA),...
View ArticleStudent Loan Debt Relief Announced: Here’s What it Means For You
Update: January 19, 2024: Today the Biden-Harris Administration announced an additional $4.9 billion in student debt relief for 73,600 borrowers. This additional debt relief will go to teachers, social...
View ArticleTax Year 2023: Does Your State Have an Extended Deadline?
Navigating tax obligations while facing unforeseen challenges posed by a natural disaster can make for especially difficult times. If you were a victim of a natural disaster in an area designated as a...
View ArticleE-File is Now Open: Why You Should File Your Taxes Early
The Internal Revenue Service (IRS) officially kicked off the opening of the 2024 tax filing season and is now accepting and processing tax year 2023 e-filed tax returns. The post E-File is Now Open:...
View ArticleOscars and the Taxation of “Swag Bags”
The outfits are picked, parties are planned, and the votes for the 2024 Oscar winners are almost tallied. Hollywood’s nominees will gather this weekend for the 96th Academy Awards ceremony. And while...
View ArticleIRS Announces Tax Relief for Hawaii Wildfire Victims
Update Mar 27, 2024: The Internal Revenue Service further postponed until Aug. 7, 2024, various tax-filing and tax-payment deadlines for individuals and businesses affected by the Aug. 8, 2023,...
View ArticleApril 15 is the Tax Deadline: 6 Things You Need to Know to File on Time
According to the IRS, there are millions of tax refunds that still need to be issued for this tax season. If you still haven’t filed, it’s time to hop to it. The post April 15 is the Tax Deadline: 6...
View ArticleHow to File an Extension: A Step-By-Step Guide
Unexpected things happen in life, and sometimes you can’t get your taxes filed on time. If you can’t file your taxes by the April deadline, you can file an extension to get more time to file your...
View ArticleTax Deductions And Credits You Can’t Claim On Your Tax Return
During tax time, information is always spreading about what types of deductions are available. Maybe you heard of someone who wrote off their brand-new pool, and you might be wondering how that is...
View ArticleDid You Miss the Tax Deadline? 3 Steps You Can Take Next
The April 15th tax deadline has come and gone. If you missed the tax deadline, don’t worry, you can still file. Here are 3 steps to get your taxes done today and get your refund. The post Did You Miss...
View ArticleIRS Inflation Adjustments for Tax Year 2024: What This Means for You and Your...
The IRS announces incremental adjustments to tax benefits every year due to inflation. Inflation has continued to increase over the last year. You may be wondering what does this mean to you and how...
View ArticleUnderstanding Your Withholding Allowance on Your Form W-4
If you have filed your taxes, you may wonder what to expect and what moves you should make now. One of the most critical moves you can make is to do a check-up and make sure you have the correct amount...
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