by TallyPage Accounting and Bookkeeping | May 7, 2022 | Tax Tips and News
It’s National Small Business Week, and this year’s theme is “Building a Better America Through Entrepreneurship.” Fittingly, the Internal Revenue Service is observing the occasion by providing free, tax-related resources to entrepreneurs entering the big...
by TallyPage Accounting and Bookkeeping | May 7, 2022 | Tax Tips and News
With the deadline for filing individual tax returns come and gone, tax professionals everywhere are enjoying well-earned downtime. However, taking a little time with business-return clients to get a jump on planning for next filing season could bring unexpected...
by TallyPage Accounting and Bookkeeping | Apr 30, 2022 | Tax Tips and News
Taxpayers may not be aware, but they have rights when it comes to working with the Internal Revenue Service. The Taxpayer Bill of Rights lists 10 fundamental tax-related rights, ranging from the right to be informed to the right to a fair and just tax system. The IRS...
by TallyPage Accounting and Bookkeeping | Apr 27, 2022 | Tax Tips and News
The Internal Revenue Service says the 2022 Nationwide Tax Forum will kick off July 19, with the classes and online festivities going for more than five weeks. Live-streamed seminars will be offered every Tuesday, Wednesday and Thursday. What’s the backstory for...
by TallyPage Accounting and Bookkeeping | Apr 23, 2022 | Tax Tips and News
Now that the filing season for personal income tax returns has closed, tax professionals everywhere can take a much-deserved breather. Right? Not so fast. Another filing deadline lurks just around the corner, albeit not as wide-ranging as the one just past. Many...
by TallyPage Accounting and Bookkeeping | Apr 19, 2022 | Tax Tips and News
The Internal Revenue Service is giving some filers a firm but friendly tap on the shoulder, letting them know some of the forms they’ve filed don’t match up with the agency’s records. Financial institutions, businesses or even regular individual taxpayers could see a...
by TallyPage Accounting and Bookkeeping | Apr 16, 2022 | Tax Tips and News
The Internal Revenue Service is continuing in its effort to give taxpayers the very latest information right up to the end of tax season, by updating its frequently asked questions (FAQs) for the 2021 Rebate Recovery Credit a second time this year. The updated...
by TallyPage Accounting and Bookkeeping | Apr 15, 2022 | Tax Tips and News
The Internal Revenue Service wants taxpayers to know it has revised some of the frequently asked questions (FAQs) surrounding the Recovery Rebate Credit for a second time. The newly updated information is contained in Topic E of Fact Sheet 2022-26, and covers...
by TallyPage Accounting and Bookkeeping | Apr 12, 2022 | Tax Tips and News
For millions of American taxpayers, the foremost question in their minds during tax season is how long it will take to get their refund. The Internal Revenue Service has been pretty firm on the answer, maintaining that most refunds make their way into taxpayers’...
by TallyPage Accounting and Bookkeeping | Apr 8, 2022 | Tax Tips and News
For millions of American taxpayers, all that stands between them and a big tax bill when they file are estimated tax payments. By putting away funds every quarter for their income taxes throughout the tax year, self-employed taxpayers, retirees and investors, in...