In response to Hurricane Ian, the IRS has announced tax relief for those in affected areas including the states of Florida, South Carolina, and North Carolina. The below is a summary of the specific tax relief in relation to 1031 exchanges.Due to Hurricane Ian, the IRS has issued extensions...
New IRS relief provisions.(FederalTaxUpdate)Josephs, Stuart R
You can use the IRS Free e-Filing (online tax software filing) if your adjusted gross income (AGI) is below a certain threshold. This free filing service is partnership between the IRS and major tax software providers. Note that participating tax software companies can set lower or higher AGI...
Today I’d love to highlight their upcoming session on August 29th: “Tax Planning for Military Personnel and Spouses“. NATP InstructorMari Fries, EA, CFPexplains that at the core of all military returns is the Servicemember’s Civil Relief Act (SCRA) and in more recent years the Military...
to receive a simple status update, much less their long-overdue payment. Many small business owners have simply been left in the dark to wonder when or if their pre-moratorium claims will ever be processed, and some are struggling to continue operating as they wait for this promised relief....
As indicated in our priorupdate, the IRS previously issued Notice 2022-33 to extend the retirement plan amendment deadlines for the SECURE Act, the Miners Act, and the CARES Act. Notably, Notice 2022-33 did not extend the amendment deadline for Covid-19 relief regardin...
The CTC UP can be used to make updates to your tax information, income, and dependents. This allows the IRS to issue the correct amount of the advance payment to you to the correct bank or address. The most recent update added a new Spanish language version of the tool. Changes made up...
The 971 tax topic covers a broad range of spousal tax treatments and is based on IRS publication 971. It is focused on different tax treatments related to innocent (and not injured) spouse relief. This includes when a tax liability has has been reduced by the IRS through either relief from...
August 23, 2023 byKate Ferreira You just received an IRS Notice CP90 in the mail. The words “Intent to seize your assets and notice of your right to a hearing” are scrawled across the top of the page with a tax amount due. The main thing you might want to do in this moment is...
If applicable, this might also apply to your state tax return. Solution: Let us help you turn this into an IRS acceptance. Sign into your eFile.com account and click Name and Address on the left side menu. Scroll down and make the necessary correction. Update your and/or your Dependent'...