Trump wants Billy Long to lead the charge at the IRS
President-elect Donald Trump just announced that he wants Billy Long, former congressman of Missouri, to lead the Internal Revenue Service (IRS).
IRS Form 1065 E-File Changes – No Longer Using FOREIGNUS for Nonresidents
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.
Unclaimed Form 1040 Tax Refunds – Over 1$ Billion of Unclaimed Refunds from 2020
The IRS estimates that over $1 billion of federal tax refunds are left unclaimed from the 2020 tax year.
The PATH Act Delays Your Tax Refunds – What You Need to Know…
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...
2023 IRS Tax Refunds – Why is My Tax Refund Lower Than Last Year?
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...
2023 Tax Season Updates on Refund Checks
Tax refunds are on the way! An update on the 2023 tax season.
California Storm Victim Tax Relief – Extended Tax Filing Deadlines are Automatic
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.
2023 Tax Season Refund Processing Delays
Tax season has started and is underway; however, many individuals are experiencing delays with their tax refunds.
Child Tax Credit for 2023 – What Are the Changes?
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 Delays the Form 1099-K $600 Reporting Threshold for 2023
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.