The IRS Form 1065 partnership return must be filed every year by domestic partnerships. A Schedule K-1 is provided to each partner, including any nonresident partners that do not have U.S. tax ID's.
The IRS estimates that over $1 billion of federal tax refunds are left unclaimed from the 2020 tax year.
The PATH Act is a piece of U.S. legislation which prohibits the IRS from issuing tax refunds before a certain date if the taxpayer claims either the Earned Income Credit (EIC) or Child Tax Credit (CTC). This article discusses the details...
Tax refunds for individuals may change from year to year. Many factors impact the amount of your tax refund, and this article discusses some of those factors, and why your tax refund may be lower than it was last year...
Tax refunds are on the way! An update on the 2023 tax season.
Taxpayers that reside in certain areas of California may receive an automatic extension of time to file and pay their taxes. Automatic extensions are granted when the federal government declares certain disaster areas.
Tax season has started and is underway; however, many individuals are experiencing delays with their tax refunds.
The Child Tax Credit (CTC) for the 2023 tax year has some changes from the prior tax years. This article covers the main changes and what taxpayers need to know for this tax season.
The IRS has placed a hold on the new Form 1099-K reporting requirements for many personal use transactions. This video details those changes and what taxpayers need to know.
Tax season opens this year on January 23, 2023, which is the day the IRS will start accepting electronically filed Form 1040 income tax returns for the 2022 tax year.
