The Internal Revenue Service announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2022. The rates will be: 3% for overpayments (two (2) percent in the case of a corporation), 0.5% for the portion of a corporate overpayment exceeding $10,000, 3% for underpayments, and [...]
The holiday season is shaping up to be a wild ride due to pandemic constraints causing shortages of labor and goods, which is driving prices up. It's common for credit card debt to rise this time of year and one non-profit credit counseling agency warns that pent-up consumer demand coupled [...]
Over 2,500 criminal investigations, the identification of more than $10 billion from tax fraud and financial crimes, and a nearly 90% conviction rate are just a few highlights from the IRS-Criminal Investigation (IRS-CI) Fiscal Year 2021 Annual Report. The report, recently released, details statistics, important partnerships, and significant criminal enforcement actions [...]
The busiest travel days of the year are approaching, and the American College of Emergency Physicians is urging anyone visiting family or friends during the holiday season to take all available steps to avoid getting sick with COVID-19 or the seasonal flu. "Many people are excited about their first chance [...]
The Internal Revenue Service recently announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2021-45 provides details about these annual adjustments. Highlights of Changes in Revenue Procedure 2021-45: The tax year 2022 adjustments described below [...]
It's no secret everything from milk per gallon to gas to heat your home are up this year and are said to be climbing even hired in the weeks and months to come. To help you save as much as you can this winter here are some useful tips to [...]
The Internal Revenue Service reminds taxpayers that a special tax provision will allow more Americans to easily deduct up to $600 in donations to qualifying charities on their 2021 federal income tax return. Ordinarily, people who choose to take the standard deduction cannot claim a deduction for their charitable contributions. [...]
If Hawaii is where you want to vacation, you're in luck. The State of Hawaii will welcome international travelers under the new federal requirements starting next Monday, Nov. 8. Direct International Travel to Hawaii Starting Nov. 8 NON-U.S. citizens traveling directly to Hawaii from an international destination must present BOTH vaccination records AND a negative COVID-19 [...]
Victims of Hurricane Ida in parts of Mississippi now have additional time – until Jan. 3, 2022 – to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced. Following a recent disaster declaration by the Federal Emergency Management Agency (FEMA), the IRS is [...]
