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2021 – 03/18
Individual taxpayers get extra time to file their 2020 tax returns and pay their taxes because of the pandemic. The […]
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2021 – 03/16
The IRS is asking individuals who received unemployment benefits in 2020 and have already filed their 2020 tax returns, not […]
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2021 – 02/05
As tax season kicks off on Feb. 12, 2021, the IRS wants to remind taxpayers of some points they might […]
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2021 – 01/19 – One reason to file your 2020 tax return early
The IRS is opening the 2020 individual income tax return filing season on Feb. 12. (This is later than in […]
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2020 – 12/22 – The next estimated tax deadline is January 15 if you have to make a payment
If you’re self-employed and don’t have paycheck withholding, you probably have to make estimated tax payments. These payments must be […]
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2020 – 06/24
Generally, taxpayers who take distributions from tax-favored retirement accounts before age 59½ must pay a 10% tax penalty. They must […]
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2020 – 06/23 – What qualifies as a “coronavirus-related distribution” from a retirement plan?
The CARES Act allows qualified people to take “coronavirus-related distributions” from retirement plans without paying tax. So how do you […]
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2020 – 06/02
The IRS has issued FAQs for C corporations that are interested in carrying back net operating losses (NOLs) to years […]
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Individual Income Tax