2024 Federal Filing Deadline and Extensions for Tax Year 2023
This guide simplifies the federal filing deadlines for 2023, including extensions for disaster-affected areas, IRA contributions, and health savings account contributions. Whether you’re filing for yourself or advising clients, this article provides a clear roadmap for meeting tax obligations in 2024.
How To Avoid Common Tax Errors
In this guide, we will discuss some common tax errors and provide tips on how to avoid them, helping you navigate the tax filing process with confidence and accuracy.
BOI Reporting: A Comprehensive Overview and Filing Guide
Discover the essential details for filing a Beneficial Ownership Information (BOI) Report. Understand the reporting requirements and learn how to comply with FinCEN regulations.
A Comprehensive Guide to Filing Business Income Tax Returns
A business income tax return is a crucial document that sole proprietors, corporations, partnerships, and limited liability companies must file each year. This guide aims to provide tax preparers who primarily file individual tax returns with the knowledge and tools to expand their services to include business tax return preparation.
IRS Reopens Registration Process for Certified Acceptance Agent Program
On January 19, 2024 the IRS officially ended the moratorium on the Certified Acceptance Agent (CAA) program, signaling the reopening of applications for both new participants and renewals. Read more to learn how to apply or renew your application.
Child Tax Credit Expansion: Tax Relief Act for American Families and Workers Act of 2024
The Tax Relief Act for American Families and Workers Act (HR 7024) successfully passed the House on January 31, 2024. It is currently awaiting consideration and potential voting by the Senate in the near future. Learn more:
Reminder: Include Form 8962 (Premium Tax Credit) with Your Federal Return if You Received a Health Insurance Subsidy
A reminder to include Form 8962 with your federal return if you received a health insurance subsidy. Learn more:
Clean Vehicle and Residential Energy Tax Credits 2024 – What To Know
There are a few things to be aware of about clean vehicle and residential energy tax credits for the upcoming 2024 filing season.
Encourage Taxpayers to Obtain an Identity Protection PIN (IP PIN) For Extra Protection
The IRS is reminding tax preparers to recommend their tax clients to sign up to get an IP PIN. Beginning last year, the IRS made this program available to all taxpayers who can verify their identity. By obtaining an IP PIN, a taxpayer can get extra protection when filing their 2023 federal tax return.
2023 IRS National Tax Security Awareness Week
This year’s National Security Awareness Week focused on ways that taxpayers and tax preparers can protect themselves from evolving scams and schemes that are designed to steal personal, financial, and tax information.