Today, Congress came to an agreement to end the government shutdown and temporarily raise the debt limit until January. Now thousands of government workers will be returning to work, including IRS personnel. Here is a breakdown of what it means to your taxes. Full story
Last night Congress passed a bill to reopen the government and extend the debt ceiling through February 7, now thousands of government employees, including IRS personnel will be returning to work. We don’t have IRS guidance regarding IRS operations yet, but we are closely monitoring for guidance and will let you know as soon as we find out. Full story
You filed for a tax extension and bought yourself a bit of time. The clock’s been ticking and the October 15th tax deadline is approaching. Hopefully, you’ve spent this time gathering your documents. Today, we’ll discuss the tax deductions that you may not be thinking about. Full story
The government shutdown that took place on October 1 left everyone with questions about how the shutdown will impact them. If you are one of the many taxpayers that filed an extension, you may be wondering if the shutdown impacts your taxes. Don’t worry. We have you covered and have answers to your burning questions. Full story
After a week of severe rain storms followed by heavy flooding in Colorado, the IRS announced today that it is providing tax relief to individuals and businesses impacted by the storms. Full story
As a result of the recent U.S. Supreme Court decision to strike down part of the Defense of Marriage Act (DOMA) on June 26, the U.S. Treasury Department and the IRS announced today that same-sex couples legally married in states that recognize same sex marriage, will be treated as married for federal tax purposes. Full story
It’s typical for the IRS to send out notices to taxpayers if any tax adjustments are necessary or if the IRS requires more information. If you receive one of these notices in the mail don’t worry. Here are 4 tips to help you. Full story
Good news for taxpayers who have been waiting for the IRS to begin processing returns that include Residential Energy Credit (Form 5695), Mortgage Interest Credit (Form 8396), and the General Business Credit (Form 3800).
The IRS began accepting the last group of forms impacted by late tax legislation, today, Monday, March 4.
Updated February 8, 2013 The IRS opened its doors today, officially kicking off the tax… Full story
Today, the IRS announced that it will begin accepting e-filed tax returns for the vast majority of U.S. taxpayers on January 30, about a week later than expected. The IRS anticipates that it will be able to process tax returns for about 120 million taxpayers. Full story