The 2022 tax filing season is underway. Every year, AFSG provides you with detailed checklists to help you stay organized and up-to-date on the current tax laws. Below are links to our 2022 checklists, worksheets, and virtual appointment options. TAX CHECKLISTS From your phone, tablet, or computer, click the link [...]
Source: IRS.gov IRS reminder to many: Make final 2022 quarterly tax payment by Jan. 17; avoid surprise tax bill, possible penalty WASHINGTON − The IRS urges taxpayers to check into their options to avoid being subject to estimated tax penalties, which apply when someone underpays their taxes. Taxpayers who [...]
SUMMARY: The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and manufacturing, and reduce carbon emissions by roughly 40 percent by 2030. The bill will also finally allow Medicare to negotiate for prescription drug prices and [...]
Source: IRS.gov IR-2022-189, October 24, 2022 WASHINGTON — The Internal Revenue Service reminds taxpayers earning income from selling goods and/or providing services that they may receive Form 1099-K, Payment Card and Third-Party Network Transactions, for payment card transactions and third-party payment network transactions of more than $600 for the year. [...]
To make an Income Tax payment today for Tax Year 2023… Jump to Direct Pay Or go to IRS.gov, Select Make a Payment, then Pay Now with Direct Pay, Make a Payment Select the Reason for Payment, Type of Tax, and Tax Year as indicated here -> Verify Identity The next screen will ask you [...]
To make an Income Tax payment today... Jump to Direct Pay Or go to IRS.gov, Select Make a Payment, then Pay Now with Direct Pay, Make a Payment Select the Reason for Payment, Type of Tax, and Tax Year as indicated here -> Verify Identity The next screen will ask [...]
IRS.gov Issue Number: IR-2022-183 WASHINGTON -- The Internal Revenue Service today warned employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some third parties are taking improper positions related to taxpayer eligibility for and computation of the [...]
Issue Number: IR-2022-173 IRS: Hurricane Ian victims in the Carolinas qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15 WASHINGTON — Hurricane Ian victims throughout both North Carolina and South Carolina now have until Feb. 15, 2023, to file various federal individual and business tax returns and [...]
Issue Number: IR-2022-168 IRS: Hurricane Ian victims in Florida qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15 WASHINGTON — Hurricane Ian victims throughout Florida now have until Feb. 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal [...]
As of Aug. 19, the IRS had 8.7 million unprocessed individual tax returns that were submitted in 2022, but continues to open mail within its normal timeframes, according to an update posted to the IRS's website Aug. 29. The unprocessed returns include those filed for the 2021 tax year and [...]
