Treasury warns taxpayers to brace for a turbulent tax-filing season The IRS is still dealing with backups in processing returns from the past two filing seasons. The filing start and end dates announced by the IRS on Monday are more in line with historical norms, which have been upended since 2020 because of the pandemic.… Read More

TAXING TIMES Child tax credit parents are being sent letter from IRS – here’s what to do with yours when it comes , Dec 27 2021 AMERICAN families who received Child Tax Credit payments are being sent a letter from the IRS that is crucial to hang on to. Some 36million families should be expecting… Read More

Share on facebookShare on twitterShare on google_plusone_shareShare on emailMore Sharing Services45 Receive Updates IRS Special Edition Tax Tip 2013-13:  IRS Warns of Phone Scam Internal Revenue Service (IRS) sent this bulletin at 11/07/2013 12:34 PM EST IRS Tax Tips             IRS Special Edition Tax Tip 2013-13 Inside This Issue IRS Warns… Read More

  2014 Tax Season to Start Later Following Government Closure; IRS Sees Heavy Demand As Operations Resume IR-2013-82, Oct. 22, 2013 WASHINGTON — The Internal Revenue Service today announced a delay of approximately one to two weeks to the start of the 2014 filing season to allow adequate time to program and test tax processing… Read More

Business or hobby? The nine factors By Robert Gard, CPA October 2013 The IRS may question taxpayers regarding whether an activity is a business or a hobby. If the activity is not engaged in for profit, it is subject to the hobby loss rules in Sec. 183, and its deductible expenses are limited to the… Read More

WASHINGTON (AP) — You’ll have to get coverage by Valentine’s Day or thereabouts to avoid penalties for being uninsured, the Obama administration confirmed Wednesday. That’s about six weeks earlier than a Mar. 31 deadline often cited previously. The explanation: health insurance coverage typically starts on the first day of a given month, and it takes… Read More

Affordable                                 Care Act Alert New                                 Requirement To Provide Notice Starting                                 January 1, 2014, individuals, families, and                                 employees of small businesses will have access                                 to affordable health care coverage through a new                                 competitive private insurance market called the                                 Health Insurance Marketplace.  The                                 Affordable Care Act (ACA) requires many                                 employers to provide written notice to their                                 employees… Read More

Important Information:                           Basic STAR Exemption for                           Homeowners      To keep                                 Basic STAR, homeowners will need to reapply by                                 12/31/13 If you have Basic STAR, you will be  receiving a notice to reapply by December 31,       2013. The reapplications will be mailed out this  September and homeowners can register by   telephone or online. Recipients of Basic… Read More

Affordable Care Act Tax Provisions for Individuals and Families The Affordable Care Act, or health care law, contains new health insurance coverage and financial assistance options for individuals and families. The IRS will administer the tax provisions included in the law. Visit HealthCare.gov for more information on coverage options and financial assistance. Do I need… Read More