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UPDATES ON CRITICAL TAX MATTERS

Filing Deadlines in 2024

January 1, 2024

Here are some common 2024 filing deadlines for 2023-related tax forms:
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  • Personal taxes (Form 1040) deadline: Monday, April 15, 2025 (most states also use this date, but you should verify!)
  • Postmark deadline for 2024 first quarter estimated taxes: Also April 15, 2024
  • Extension filing deadline for personal taxes (Form 1040): Tuesday, October 15, 2024
  • Business filing deadline (Form 1065 Partnerships and Form 1120S S-Corporations): Friday, March 15, 2024

 

A Christmas Present from the IRS

December 31, 2022

The IRS saw the light at the last minute and postponed some new Form 1099-K reporting requirements. Find out how that may have saved you from an unnecessary mess...

The impact of the Inflation Reduction Act on YOUR taxes

August 29, 2022

Will the Inflation Reduction Act change anything for your taxes? No, probably not. But there are a couple things worth keeping in mind...

Repay Your Retirement Account for that Covid Distribution!

December 28, 2021

In 2020, did you take an "emergency" distribution from a retirement account as a result of Covid-19 economic hardship? A special rule allows you to put some or all of that money back into the retirement account. Read about this very valuable rule.

Setting Expectations: The Current Status of IRS

December 14, 2021

It's a good time to honestly assess what you should expect from IRS in 2022. Read about reality.

Why are You Demanding So Many Documents?!?!

December 7, 2021

For 2021, if you received a third stimulus payment (EIP-3), or you received any Advance Child Tax Credit payment, you should have received certain documents from IRS summarizing these payment amounts. I'll cut to the chase: we need these documents to prepare your taxes accurately. Read on to learn why.

Quick Review of Federal Stimulus Payments

December 1, 2021

Economic Impact Payment? Recovery Rebate Credit? What year does it apply to, and is it taxable? Read on for a brief summary...

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