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Category Archives: Taxes

10 things taxpayers should know before April 18

Written on April 4, 2017

The IRS regularly shares tips about different credits and deductions that can reduce a tax bill – and as well as scams your clients should look out for. Here are 10 things the IRS is particularly reminding taxpayers and tax practitioners about in the run-up to the end of tax season on April 18 (and Read more »

IRS still coping with identity theft and service problems

Written on March 16, 2017

The Internal Revenue Service is continuing to face challenges with identity theft and taxpayer service this tax season, although there have been some improvements since last year. IRS deputy commissioner for services and enforcement John M. Dalrymple told lawmakers during a House oversight hearing last week the filing season has been relatively problem-free so far. Read more »

IRS offers storm-hit firms more time to request filing deferral

Written on March 16, 2017

The Internal Revenue Service has granted those businesses affected by Winter Storm Stella additional time to request a six-month extension to file their 2016 federal income tax returns. Taxpayers can request a six-month extension to their filing deadline if they file Form 7004 before March 20. The original deadline had been March 15. Form 7004 Read more »