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.
2022 tax filing season begins Jan. 24
The Internal Revenue Service announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.
Families will soon receive their December advance Child Tax Credit payment
IRS announced that millions of American families will soon receive their final advance Child Tax Credit (CTC) payment for the month of December. Eligible families who did not receive advance payments can claim the Child Tax Credit on their 2021 federal tax return to receive missed payments and the other half of the credit.
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.
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.
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.
ICM, Among Top Accountants in Miami by Expertise.com
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Easy steps taxpayers can take now to make tax filing easier in 2022
Easy Steps to Make Tax Filing Easier for 2022
Next Quarterly Payroll Tax Return is due November 1
The Internal Revenue Service today reminded employers that the next quarterly payroll tax return is due November 1, 2021. The IRS urges employers to use the speed and convenience of filing the returns electronically.
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.
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.”
Oct. 15 deadline approaches for taxpayers who requested extensions to file 2020 tax returns
People who asked for an extension should file on or before the extension deadline to avoid the penalty for filing late. Electronic filing options, such as IRS Free File, are still available.
Thanks to all our clients!
Thank you to all of our clients with whom we successfully closed this past tax deadline!
IRS issue guidance for 2021 on reporting qualified sick and family leave wages
The Treasury Department and the Internal Revenue Service issued Notice 2021-53, which provides guidance to employers about reporting on Form W-2 the amount of qualified sick and family leave wages paid to employees for leave taken in 2021. The notice provides guidance under recent legislation, including: the Families First Coronavirus Response Act (FFCRA), as amended by the COVID-Related Tax Relief Act of 2020, and the American Rescue Plan Act of 2021.
IRS: Tax relief now available to victims of Hurricane Ida
Victims of Hurricane Ida that began on August 26 now have until January 3, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
Child Tax Credit: New update address feature available with IRS online portal; make other changes by August 30 for September payment
The IRS has launched a new feature allowing any family receiving monthly Child Tax Credit payments to quickly and easily update their mailing address using the Child Tax Credit Update Portal, found exclusively on IRS.gov.
IRS: Families now receiving August Child Tax Credit payments; still time for low-income families to sign up
It's not too late for low-income families to sign up for advance CTC payments. The IRS urged anyone who normally isn't required to file a tax return to explore the tools available on IRS.gov.
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.
Identity Theft Related to Unemployment
Unemployment compensation fraud was one of the more common identity theft schemes that emerged in 2020 as criminals exploited the COVID-19 pandemic and the resulting economic impact.
The U.S. Department of Labor's Inspector General estimated approximately $89 billion in unemployment compensation was lost in 2020 due to fraud.
Businesses, charities, others with Employer Identification Numbers must update responsible party information within 60 days of any change
Internal Revenue Service urges those entities with Employer Identification Numbers (EINs) to update their applications if there has been a change in the responsible party or contact information.