Income Tax

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December 6, 2019 

IRS Issues Final Regs on Foreign Tax Credit

Additionally, the TCJA changed how taxable income is calculated for purposes of the Foreign Tax Credit limitation by disregarding certain expenses and repealing the use of the fair market value method for allocating interest expense.

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December 6, 2019 

Forms W-2, W-3 Due by Jan. 31, 2020

Certain Forms 1099-MISC, Miscellaneous Income, filed with the IRS to report non-employee compensation to independent contractors are also due at this time. Such payments are reported in box 7 of this form.

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December 3, 2019 

Chart Shows When to Expect Your 2020 IRS Tax Refund

The below chart shows an estimated timeline for when a taxpayer is likely to receive their refund, based on the information we have now, and using projections based on previous years. If your IRS income tax refund is delayed ...

2019 1040 form taxes

December 1, 2019 

2020 IRS Refund Chart: When to Expect a Tax Refund

One of the first and most frequent questions that tax preparers hear each year from their clients is: When will I get my tax refund from the IRS? We have the answer (estimated) in a simple chart below.

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February 19, 2019 

How to Avoid Tax Season ID Theft, from the Illinois CPA Society

Getting your taxes organized and filed is more than enough to handle without worrying if your personal information is vulnerable to scammers looking to cash in at your expense. Criminals may file fraudulent tax returns under your name to steal your ...

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February 1, 2019 

When Will You Get Your IRS Income Tax Refund 2019: Updated

With the government shutdown over and the IRS back in business, it's time to do your taxes. If you're one of the millions of Americans who can't wait to get your hands on your refund, we can tell you how soon you will probably get that refund.