by TallyPage Accounting and Bookkeeping | Feb 16, 2023 | Tax Tips and News
As part of the Inflation Reduction Act of 2022, lawmakers made changes to the Clean Vehicle Credit that were meant to encourage the purchase of U.S.-made electric and fuel cell vehicles. Unfortunately, the criteria for qualifying vehicles has proven confusing for some...
by TallyPage Accounting and Bookkeeping | Jan 14, 2023 | Tax Tips and News
Californians have been battered by torrential rains and flooding from a recent series of storms. To help victims recover, the Internal Revenue Service recently announced tax relief for federally declared disaster areas in the state. Which California counties are...
by TallyPage Accounting and Bookkeeping | Jan 13, 2023 | Tax Tips and News
The wait is over for tax professionals eager to learn when the 2023 filing season will begin. Today, the Internal Revenue Service revealed they will start accepting and processing individual returns on January 23, 2023. The federal tax agency reassures that the...
by TallyPage Accounting and Bookkeeping | Jan 7, 2023 | Tax Tips and News
High gas prices have understandably made plug-in electric and fuel cell vehicles more attractive in recent years. While a provision in the Inflation Reduction Act of 2022 is designed to make the switch less of a financial burden, there is confusion surrounding some of...
by TallyPage Accounting and Bookkeeping | Dec 14, 2022 | Tax Tips and News
After the 2022 tax season found the Internal Revenue Service spread thinner than ever before, the agency is taking steps to ensure that the first few months of 2023 go far more smoothly. How is the IRS working to get ahead of staffing issues in the upcoming tax...
by TallyPage Accounting and Bookkeeping | Dec 9, 2022 | Tax Tips and News
In this series, learn about a few popular Drake Tax features and navigation tools that help you save time and stay productive. Loss of taxpayer information during the filing process due to technical difficulties is a sure way to fast-track frustration...
by TallyPage Accounting and Bookkeeping | Nov 19, 2022 | Tax Tips and News
Don’t forget to protect your data during the holiday season (or ever) Thanksgiving traditions are not one size fits all. Whether roasting turkey or preparing something completely different, families put their unique spin on the holiday. The Security Summit celebrates...
by TallyPage Accounting and Bookkeeping | Nov 3, 2022 | Tax Tips and News
Victims receive extended deadlines, deferred taxes, and more When disaster strikes, the government’s disaster-declaration process can help victims recover from financial losses. Governors in affected states submit a major disaster area request to the president through...
by TallyPage Accounting and Bookkeeping | Oct 27, 2022 | Tax Tips and News
The IRS is spreading the word The Internal Revenue Service estimates over 9 million people who failed to file a tax year 2021 return could qualify for tax credits. This is not the first time the IRS has notified non-filers that they could be eligible for tax credits:...
by TallyPage Accounting and Bookkeeping | Oct 14, 2022 | Tax Tips and News
New filing deadlines for more Hurricane Ian victims The Internal Revenue Service this week announced tax relief for victims of Hurricane Ian who reside or operate a business anywhere in North Carolina and South Carolina. Like relief granted to storm victims in...