by Michael Hogberg EA | Aug 21, 2024 | Enforcement Updates, Federal Tax, Tax Reminders, Updates
The IRS has reopened its Voluntary Disclosure Program (VDP) for a limited time, giving businesses that made improper Employee Retention Credit (ERC) claims a crucial opportunity to come forward and correct their mistakes. This program, which runs through November 22,...
by Michael Hogberg EA | Sep 5, 2022 | Tax Reminders
September 5, 2022 Oct. 17 is almost here, and it’s the last day to file for most people who requested an automatic six-month extension for their 2017 tax returns. These taxpayers should remember that they can file any time before Oct. 17 if they have all their...
by Michael Hogberg EA | Jun 10, 2022 | Federal Tax, Tax Reminders
June 10, 2022 Cryptocurrency, non-filing, abusive syndicated conservation easement, abusive micro-captive deals make list The Internal Revenue Service today wrapped up its annual “Dirty Dozen” scams list for the 2022 filing season, with a warning to...
by Michael Hogberg EA | Jun 9, 2022 | Federal Tax, Tax Reminders
June 9, 2022 The Internal Revenue Service today advised taxpayers who missed the April tax deadline that they can usually avoid a larger penalty by filing their 2021 federal income tax return and paying any tax due by Tuesday, June 14. To avoid the larger penalty, the...
by Michael Hogberg EA | Jun 9, 2022 | Tax Reminders
June 9, 2022 The Internal Revenue Service today announced an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business...
by Michael Hogberg EA | Jun 3, 2022 | Federal Tax, Tax Reminders
May 31, 2022 The Internal Revenue Service today reminded taxpayers living and working outside the United States that they must file their 2021 federal income tax return by Wednesday, June 15. This deadline applies to both U.S. citizens and resident aliens abroad,...