Finance2017-09-05T09:34:18-08:00
1102, 2020

Many taxpayers can file their state and federal tax returns for free

By |February 11th, 2020|Finance|Comments Off on Many taxpayers can file their state and federal tax returns for free

As taxpayers get ready to file their federal tax returns, most will also be thinking about preparing their state taxes. There's some good news for filers wanting to save money. Eligible taxpayers can file their federal and state taxes at no cost. Taxpayers whose adjusted gross income was $69,000 or [...]

402, 2020

IRS revises Form 1023 for applying for tax-exempt status

By |February 4th, 2020|Finance|Comments Off on IRS revises Form 1023 for applying for tax-exempt status

As part of an ongoing effort to improve service for the tax-exempt community, the Internal Revenue Service has revised Form 1023 to allow electronic filing for the first time. Help for Charities To help charities apply for Section 501(c)(3) tax-exempt status, the IRS has revised Form 1023, Application for Recognition [...]

2801, 2020

Get up-to-date info for tax filing season with redesigned IRS e-News subscriptions

By |January 28th, 2020|Finance|Comments Off on Get up-to-date info for tax filing season with redesigned IRS e-News subscriptions

If you're getting ready for the 2020 tax season the Internal Revenue Service is encouraging taxpayers, businesses, tax professionals and others to take advantage of a variety of improved e-mail subscription services. The e-News Subscription Service has been redesigned and updated in recent months to make it easier to subscribe to [...]

2101, 2020

IRS considers requests for relief from double taxation related to repatriation

By |January 21st, 2020|Finance|Comments Off on IRS considers requests for relief from double taxation related to repatriation

The IRS recently announced that the agency has become aware of limited circumstances in which it may be appropriate to provide relief from double taxation resulting from application of the repatriation tax under section 965, as amended by the Tax Cuts and Jobs Act also known as the TCJA. The [...]

1401, 2020

IRS ‘Free File’ offers free tax prep options for military personnel

By |January 14th, 2020|Finance|Comments Off on IRS ‘Free File’ offers free tax prep options for military personnel

The Internal Revenue Service is reminding all active-duty military personnel that IRS Free File offers them multiple options for free federal tax preparation. Free File is for individuals or families whose adjusted gross income was $69,000 or less last year. Free File is a private-public partnership between the IRS and [...]

701, 2020

New ‘Free File’ agreement signed to strengthen program, help taxpayers

By |January 7th, 2020|Finance|Comments Off on New ‘Free File’ agreement signed to strengthen program, help taxpayers

The Internal Revenue Service recently announced an agreement (PDF) with Free File, Inc. FFI designed to bring more clarity for taxpayers choosing to use free online software during the 2020 filing season. The agreement reached will help make the Free File program more taxpayer-friendly while strengthening consumer protections in several key areas. [...]