Why is the tax filing deadline April 18 this year?
Most taxpayers are well-aware that the tax filing deadline is April 15, but in some years (like this year), the filing date may be delayed. For the 2023 calendar year, the filing deadline was bumped to April 18. Why is the tax filing deadline April 18 this year The filing deadline to submit 2022 tax […]
March 15th Deadline for Partnerships (Form 1065)
If you need to file form 1065, your filing deadline is fast approaching. Below are just a few of the things that the IRS wants you to keep in mind. Things to know about form 1065 The IRS notes that partnerships must file an information return to report their income, gains, losses, deductions, credits, etc. […]
Reminder to IRA owners age 70½ or over: Qualified charitable distributions are great options for making tax-free gifts to charity
The IRS this month sent out a notice reminding IRA owners age 70½ or over of their option to transfer up to $100,000 to charity tax-free each year. These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a great way to easily give to charity before the end of the year. […]
Don’t Forget to Bring These Things to Your Next Tax Appointment
When it comes time to file your taxes, you’ll want to be prepared. As we’ve noted many times in the past, showing up at your CPA’s doorstep with a shoebox full of receipts is good– but tallying them (and organizing them) in advance is much better. Although the 2020 tax filing deadline was May 15 […]
What Happens if You Miss a Tax Filing Deadline?
Life can be hectic—and if you’ve found yourself in a place where you’re going to meet the federal tax filing deadline you may be wondering how you’ll be impacted. For this blog post we wanted to discuss some of the things that could happen if you file late. First things first: File for an extension […]
Everything You’ll Need for a Successful Tax Appointment
If you’re among the millions of Americans who still haven’t filed their taxes, you should start by making sure you have your documents in order. Not only will this ensure your tax appointment goes smoothly, it will ensure you get the deductions that you’re entitled to. For this blog post we wanted to highlight the […]
How to Prepare for a Virtual Tax Appointment
It’s been a little more than a year since the start of the COVID-19 pandemic, and despite the numerous strides in fighting the virus, many businesses are still operating under social distancing protocols. The field of tax preparation is among them. Although virtual tax appointments have existed for many years, that’s not to say that […]
Tips for Filing a Seamless Tax Return
The US tax deadline has been extended to July 15th, and if you haven’t filed your taxes yet, you’ll want to do so sooner than later. If you’re among those who hasn’t yet set up an appointment for tax return services, below are just a few ways you can get yourself organized.