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Category: Tax News

Get up to date on all tax news from the IRS. The IRS is constantly updating us with law changes and new rules. Sometimes, it’s too much to keep up with. We’ll decipher the confusing lingo while you focus on staying current  on what’s really important.

If you have more questions about staying up to date with the IRS, leave a comment. Our tax team is ready to help!

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Penalty, Consequences and Important Next Steps from Missing the Tax Extension Deadline

Penalty, Consequences and Important Next Steps from Missing the Tax Extension Deadline

What are the penalty from missing the tax extension deadline, repercussions, and what should be done next?

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Hawaii Announces Some Details on Wildfire Tax Relief Plan

Hawaii Announces Some Details on Wildfire Tax Relief Plan

Taxpayers affected by the wildfire disasters in Hawaii counties may now receive various forms of Hawaii tax relief, according to an announcement from the state’s Department of Taxation (DOT). The DOT has released details about how those affected can take advantage of this tax relief, which this article will go through in detail.

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IRS Announces Tax Relief for Hawaii Wildfire Victims

IRS Announces Tax Relief for Hawaii Wildfire Victims

The Internal Revenue Service (IRS) has issued a declaration of tax relief to those affected by the wildfires that began on August 8, 2023, in parts of Hawaii.

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Unfiled 2019 Tax Refund to Claim Thousands in Tax Return

Unfiled 2019 Tax Refund to Claim Thousands in Tax Return

The clock is ticking for 1.5 million Americans who have yet to file their tax returns from the year of 2019, missing out on potential refunds worth $1.5 billion. Those who still need to file must act fast, as July 17 marks the last chance to claim a tax refund, which could be in the thousands. Don’t leave money on the table.

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Small Business Tax Filing Tips for 2023

Small Business Tax Filing Tips for 2023

As a small business owner, it is vital to ensure you take every measure available to reduce your small business taxation.

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Highlights of Tax Changes for 2023

Highlights of Tax Changes for 2023

This tax season brings several tax changes for 2023 to the standard deductions and tax breaks available. Most notably, many of the pandemic-era credits have expired.

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Crypto Tax Filing in 2023

Crypto Tax Filing in 2023

When filing taxes, it is fundamental to accurately calculate crypto gains or losses. Two elements play a major role in this: the holding period and realized profits or losses. It is, therefore, essential to understand these two components when computing your crypto tax.

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When to Expect Your Tax Refund in 2023

When to Expect Your Tax Refund in 2023

When will you get your 2023 tax refund? Here’s our annual chart with our best estimates. Keep in mind that the answer is never exact, but we can make some educated guesses based on a few factors.

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Property Tax 2022

Property Tax 2022

When you’re searching for a new home, it’s important to keep property tax in mind. It can add a significant amount to your overall homeownership costs.

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2023 Tax Brackets and Tax Code

2023 Tax Brackets and Tax Code

It’s important to be aware of the major changes made to the 2023 tax brackets and tax code. Such as how inflation is considered when determining your tax bracket also known as “bracket creep,”.

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