The IRS announced on April 9 in Notice 2020-23 that the following deadlines were extended to July 15:
For more information see IRS News Release IR-2020-66
The federal 2023 tax filing deadline for Tax Year 2022 individual tax returns, also known as Tax Day, is Tuesday, April 18, 2023. This day is also the filing deadline for calendar year C Corporations (1120) and Estate/Trust (1041) returns.
Pass-Through Entity Tax A total of 32 states have enacted legislation that creates a pass-through entity tax as a workaround to the $10,000 cap on
Today’s crypto audience is seeing digital artists’ lives changed by the increase in sales circulating around NFTs, leading investors to wonder about NFT taxes.
The IRS announced on February 16, 2023 that they will now give taxpayers who receive certain notices requesting them to send documentation the option of uploading the documents via their secure IRS document upload tool instead of mailing them in.
Tax preparers must remember that if a taxpayer received an advance premium tax credit (subsidy) to help pay for their health insurance that they obtained through an Exchange, they must complete (including the reconciliation of the advance premium tax credit) and include the Form 8962 (Premium Tax Credit) with their federal return.
