Taxes

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February 14, 2020 

Need Tax Help? IRS Has an Online Help Desk

With a surge of tax returns expected the two weeks following the Feb. 17 Presidents Day holiday, the Internal Revenue Service offers taxpayers several tips and various time-saving resources to get them the help they need quickly and easily.

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February 14, 2020 

“Where’s My Refund” App Keeps Taxpayers Up-to-Date

The IRS issues nine out of 10 refunds in less than 21 days, and the fastest way to get a refund is to file electronically and choose direct deposit. The time around Presidents Day is a peak period for telephone calls to the IRS, resulting in longer ...

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February 13, 2020 

2020 Federal Budget Proposal Extends Key Tax Provisions

On February 10, 2020,  President Trump unveiled his budget proposals for the 2021 fiscal year. Among other noteworthy items, including more resources being funneled to the IRS, the president is advocating an extension of individual tax provisions in the Tax Cuts and Jobs Act (TCJA) that are slated to be wiped off the books after...…

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February 10, 2020 

Hawaii and Arizona Expand E-Filing and Payment Requirements for Sales Tax

More businesses are required to electronically file and remit Arizona transaction privilege tax (TPT) and Hawaii General Excise Tax (GET) in 2020 than in previous years. Arizona As of January 1, 2020, businesses with an annual TPT or use tax liability of $5,000 or more in Arizona must pay and file returns electronically. The threshold has dropped significantly:...…

Gail Cole

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February 3, 2020 

Tax Season Liability Issues for Tax Pros

Many professional liability claims arise because the tax pro had insufficient time to properly review client information received and an otherwise avoidable error is made on the client’s tax return. To help reduce this risk, be proactive and contact ...