Begining on May 24, 2024, we will be closing our office at 12:00pm on Friday. This will remain in effect until August 30, 2024 (Labor Day Weekend).
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WASHINGTON — The Internal Revenue Service today announced tax relief for individuals and businesses in four states affected by Hurricane Debby. Affected taxpayers in South Carolina, North Carolina, Florida, Georgia, and Vermont now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments.
Read more: IRS Relief Available to Hurrican Debby Victims in Various States
WASHINGTON — The Internal Revenue Service today posted an early draft of the updated Form 1099-DA, which is the form for brokers to report certain sale and exchange transactions of digital assets that take place beginning in calendar year 2025. Generally, these forms will be sent separately to taxpayers and the IRS in early 2026.
The large gain exclusion creates a tax risk
No one likes the stress involved when your tax return is under the audit spotlight. Here are some ideas to avoid some of the more common audit triggers.
New tax rules are creating confusion
Review these common causes of filing delays
WASHINGTON — In an effort to provide more resources for taxpayers during this filing season, the Internal Revenue Service today revised frequently asked questions (FAQs) for Form 1099-K, Payment Card and Third Party Network Transactions in Fact Sheet FS-2024-03.
Read more: IRS revises and updates frequently asked questions about Form 1099-K