New announcement extends tax deadlines to October 16, 2023. The IRS announced on January 10, 2023 that California storm victims have until May 15, 2023 to file various federal individual and business tax returns and make tax payments. Subsequently on January 13, 2023...
IRS Tax Relief
IRS providing tax relief for victims of Georgia and Alabama severe winter storms
The IRS announced on January 19, 2023 that Storm victims in parts of Georgia and Alabama now have until May 15, 2023 to file various federal individual and business tax returns and make tax payments. IRS Tax Relief Details The IRS is offering this relief to any area...
IRS and FTB providing tax relief for victims of severe winter storms, flooding, and mudslides in California
The IRS announced on January 10, 2023 that California storm victims now have until May 15, 2023 to file various federal individual and business tax returns and make tax payments. Subsequently on January 13, 2023 the FTB announced that California storm victims also...
What’s New And What To Consider When Filing Your 2022 Income Tax Returns
Before you know it, April 18, 2023 (the deadline to file your 2022 Individual Income Tax Return) will be here. We get three extra days because April 15th is a legal holiday in Washington D.C. (Emancipation Day) and the next business day is Monday, April 18th. Here...
5 Moves To Make Before Year End That Can Save You A Lot of Money on Your 2022 Taxes
On August 16, 2022 President Biden signed the 2022 Inflation Reduction Act which has some favorable tax changes you should be aware especially now that we are approaching the end of 2022. Major Changes From The New Law Include: A three-year extension of expanded...
IRS Criminal Investigation Division Releases Its 2022 Annual Report
On November 3, 2022 the IRS released the Criminal Investigation Division’s (CI) annual report, highlighting significant successes and criminal enforcement actions taken in fiscal year ending September 30, 2022. The IRS noted that a key achievement was the...
IRS Providing Tax Relief For Victims in Federal Declared Disaster Areas
Did you miss the October 17, 2022 tax return filing deadline? Areas with a new filing deadline of February 15, 2023, include: Florida, Puerto Rico, North Carolina, South Carolina, Areas in Alaska identified under FEMA’s Major Disaster Declaration 4672 and Hinds...
California Franchise Tax Board Provides Tax Relief For Hurricane Ian Victims
The California Franchise Tax Board (“FTB”) announced on October 6, 2022 special state tax relief for taxpayers and businesses affected by Hurricane Ian. Taxpayers and businesses in presidentially declared disaster areas are granted an extension to Feb. 15, 2023, to...
IRS Provides Tax Relief For Hurricane Ian Victims in Florida
The IRS announced on September 29, 2022 that Hurricane Ian victims throughout Florida now have until Feb. 15, 2023, to file various federal individual and business tax returns and make tax payments. This comes after the IRS announced on September 27, 2022 that victims...
IRS Provides Tax Relief For Victims Of Alaska September 2022 Storms and Floods
The IRS announced on September 27, 2022 that victims in parts of Alaska now have until February 15, 2023 to file various individual and business tax returns and make tax payments. This comes after the IRS announced on September 20, 2022 that victims of Hurricane Fiona...