IRS Destroys Thousands of Files
The Internal Revenue Service (IRS) has found itself embroiled in a controversy that has sent shockwaves through the financial and legal communities. Reports have surfaced indicating that thousands of crucial files and documents have been destroyed, leaving taxpayers and the IRS itself in a state of dismay and disbelief. In this blog post, we delve […]
Why is my 2022 tax refund smaller than last year?
As tax season rolls around, many people are realizing that their tax refunds are smaller than they were last year. While there are many factors that can impact the size of your refund, one major reason why tax refunds are smaller this year is due to tax credits changing back to pre-pandemic figures. During the […]
Last Day to E-File Tax Returns 2022
The last day for submitting tax returns electronically for calendar year 2022 is November 22nd. Please be sure to submit any final e-files prior to close of business 11/22 or be prepared to hold them until mid-January when e-filing is turned back on.
IRS Notice 2022-36 Waives Late Filing Penalties
IRS Notice 2022-36 waives late filing penalties for 2019 and 2020 returns filed late but on or before Sept. 30, 2022. Applies to income tax returns: 1040, 1040NR 1041 1065, 1120, 1120S 990 PF And more Does not apply to estimated tax, underpayments, preparer penalties If late filing […]
IRS Changing E-file Application Fingerprint Process As of 8/15/22
One component of becoming an e-file provider is getting fingerprinted for a background check. This has traditionally been completed with paper fingerprint cards which were mailed to the IRS and matched to the applicant’s application. However, as of September 25th the IRS will be implementing a new electronic fingerprinting process which will require an applicant […]