News, Deadlines A G News, Deadlines A G

Florida C-Corps tax filing due date is May 2nd

If you have an interest from a C-Corporation from Florida or you have a interest in a foreign entity that taxes as a C-Corporation within Florida, you HAVE to file a Florida Corporate Tax Return! This is due on Monday May 2.If you can’t file by then, file an extension and pay the tax due. You file a F-7004 and pay the tax due which normally is the 4.55% of net revenues (with exceptions). AVOID CRIMINAL AND CIVIL PENALTIES!

Read More
News, Deadlines A G News, Deadlines A G

Tax Day! 18 Abril 2022

En este video revisaremos las formas que deben ser enviadas, a quién aplican y y las multas que tienen cada una. Como típicamente no se cuenta con el tiempo para hacer estos reportes y los pagos, les daremos la forma con la que se puede pedir una extensión de formas y, en algunos casos, los pagos.

Read More
News, IRS A G News, IRS A G

Choosing a special Identity Protection PIN adds extra safety for taxpayers

The IRS reminds taxpayers they can get extra protection starting in January by joining the agency's Identity Protection Personal Identification Number (IP PIN) program. The IP PIN is a six-digit number assigned to eligible taxpayers to help prevent the misuse of their Social Security number or Individual Taxpayer Identification Number on fraudulent federal income tax returns. The IRS has made recent changes to the program to make it easier for more taxpayers to join.

Read More
News A G News A G

Child Tax Credit: Portal en Línea del IRS Disponible en Español

El IRS lanzó una nueva versión en español de su popular herramienta en línea, Portal de actualización del Crédito tributario por hijos (CTC-UP). Esta herramienta está diseñada para ayudar a las familias a realizar cambios de manera rápida y sencilla en los pagos mensuales del Crédito tributario por hijos que reciben del IRS.

Read More
News, IRS A G News, IRS A G

What is an Offer in Compromise?

An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship.

Read More
News A G News A G

2021 Last Quarter is a Good Time to Check Withholding

The Internal Revenue Service reminds taxpayers that the last quarter of 2021 is a good time to check withholding. The convenient Tax Withholding Estimator, also available in Spanish, will help taxpayers determine if they have too much withheld and how to make an adjustment to put more cash into their own pocket now.

Read More
News A G News A G

IRS launches new webpage to assist taxpayers with refunds subject to Joint Committee on Taxation review

The IRS introduced a new webpage that provides information to taxpayers whose large refunds are subject to further review by the Joint Committee on Taxation (JCT or Joint Committee).

By law, when taxpayers claim a federal tax refund or credit of more than $2 million ($5 million for a C corporation), the IRS must review the refund or credit and provide a report to the JCT, a non-partisan committee of the U.S. Congress. Refunds subject to this review are known as “Joint Committee Refund Cases.”

Read More
News, IRS Deadlines A G News, IRS Deadlines A G

September 15: Deadline for Tax Returns with Extension and Estimated Payments

For those who filled a tax extension: Tax returns are due on September 15 for S-Corps and Partnerships. September 15 is as well deadline for Estimated Payments (self-employed and businesses).

Remember! Filing later doesn’t mean paying later. All tax payments and must be done by the deadlines established by the IRS, there are no extensions for payments.

Read More