by taxPRO Websites Staff | Nov 24, 2021 | Tax Tips and News
In October, we told readers about IRS relief measures that applied to some 19 Mississippi counties impacted by Hurricane Ida. That relief has now been expanded to add 63 other counties, covering the entire state, and pushing various tax filing and payment deadlines to...
by taxPRO Websites Staff | Nov 23, 2021 | Tax Tips and News
The Internal Revenue Service says tax professionals spoke—and the agency listened. After getting comments from tax pros, the IRS has now increased the number of transcripts a professional preparer can get on any one client. The previous limit was 10 transcripts for a...
by taxPRO Websites Staff | Nov 17, 2021 | Tax Tips and News
The Internal Revenue Service is doing a little extra to help those taxpayers who have suffered from the wildfires in California. The agency is pushing back the deadlines for filing and paying various individual tax returns to January 3. The deadlines were originally...
by taxPRO Websites Staff | Nov 16, 2021 | Tax Tips and News
As the economy warms up in recovery mode, inflation starts to raise its ugly head. Everything—from baby food to new cars—costs more. To keep up, the Internal Revenue Service has to update its tax processes and forms to adjust for inflation. So, the IRS has released...
by taxPRO Websites Staff | Nov 12, 2021 | Tax Tips and News
The Internal Revenue Service is pushing out more information for taxpayers interested in the Child Tax Credit and its advance payments. The IRS has updated its online list of frequently asked questions, or FAQs, for the 2021 Child Tax Credit and the Advance Child Tax...
by taxPRO Websites Staff | Nov 10, 2021 | Tax Tips and News
Taxpayers contributing to a 401(k) plan for their retirement have gotten some good news from the Internal Revenue Service: they can now put more money into their plan for 2022. New instructions from the IRS raise the 2022 annual contribution limit on 401(k) plans from...
