Taxes January 9, 2025
Everybody hates the IRS, but many of us love getting a tax refund! Find out when you can expect to get your refund if you file early. Even without a refund loan, you can usually get your refund in 2-3 weeks.
Taxes January 8, 2025
The early availability of the IRS Free File online systems will allow taxpayers to prepare and file their returns before the IRS officially starts accepting them, but they will then be already electronically in line when processing begins.
Taxes January 7, 2025
The Tax Blotter is a round-up of recent tax news, briefs, and court rulings.
January 6, 2025
Timothy Trifilo did not file federal income tax returns or pay all the taxes that he owed despite earning more than $7.7 million during that time.
Income Tax December 31, 2024
Depending on when taxpayers file their returns, they can often receive their federal tax refund payment (check or direct deposit) within 10-21 days.
Accounting December 24, 2024
FinCEN has extended the Jan. 1, 2025, deadline for most reporting companies to file beneficial ownership information reports with the Treasury Department until Jan. 13, 2025, after a federal court of appeals lifted an injunction on Dec. 23 that had halted the new law.
Taxes December 23, 2024
The IRS on Dec. 20 released the draft Instructions for Form 6765, Credit for Increasing Research Activities, and is seeking feedback on proposed changes to the form, which is used by taxpayers to claim the research and development tax credit.
Taxes December 22, 2024
The Internal Revenue Service has announced plans to issue automatic payments later this month to eligible people who did not claim the Recovery Rebate Credit on their 2021 tax returns.
Taxes December 18, 2024
A grand jury in San Diego has returned an indictment unsealed charging a California attorney with tax evasion, filing a false tax return and failing to file tax returns with the IRS.
Small Business December 13, 2024
The 1099 filing offering from BILL is an all-in-one solution that enables businesses to manage their AP needs and 1099-NEC and 1099-MISC forms together from a single platform.
Small Business December 12, 2024
According to SCORE, 82% of small businesses fail due to issues managing cash flow. If money has not been set aside for taxes, an unexpected rise in expenses can cause their business to fail. As a result, personal savings can be wiped out, and those with small business loans can go into debt.
Taxes December 10, 2024
The agency awarded grants to 41 Tax Counseling for the Elderly and 315 Volunteer Income Tax Assistance applicants.