IRS Tax Relief

IRS Provides Tax Relief For Victims Of Hurricane Fiona

IRS Provides Tax Relief For Victims Of Hurricane Fiona

The IRS announced on September 20, 2022 that victims in all 78 Puerto Rican municipalities now have until February 15, 2023 to file various individual and business tax returns and make tax payments. IRS Tax Relief Details The IRS is offering this relief to any area...

IRS Announces New COVID Tax Relief!

IRS Announces New COVID Tax Relief!

IRS providing broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic with $1.2 billion in penalties being refunded to 1.6 million taxpayers. On August 24, 2022 the Internal Revenue Service issued Notice 2022-36, 2021-15 I.R.B. 986 to help...

New Mileage Rates Announced By IRS For Balance Of 2022

New Mileage Rates Announced By IRS For Balance Of 2022

In recognition of recent gasoline price increases, the IRS announced an increase in the optional standard mileage rate for the final 6 months of 2022. For the final 6 months of 2022, the standard mileage rate for business travel will be 62.5 cents per mile, up 4 cents...

Advantages To Filing A 2021 Tax Return – Getting Money Due To You

Advantages To Filing A 2021 Tax Return – Getting Money Due To You

Most people with gross income of $12,550 or more must file a federal tax return. Some people with a lower income are not required to file. However, these individuals should still consider filing for a refund of federal income tax withheld. They may also be eligible...