IRS: a ‘Paycheck Checkup’ helps avoid tax surprises

It's almost the deadline to pay your 2019 taxes, are you ready? The Internal Revenue Service is reminding taxpayers that using the IRS Tax Withholding Estimator to do a Paycheck Checkup can help them have the right amount of tax withheld and avoid surprises when filing next year. Because income taxes are pay-as-you-go, taxpayers [...]

By |2020-07-11T14:18:56-08:00July 14th, 2020|Finance|Comments Off on IRS: a ‘Paycheck Checkup’ helps avoid tax surprises

More retailers accepting cash payments for federal taxes

Good News: the Internal Revenue Service recently announced additional retail partners who are accepting cash payments for federal taxes. This cash payment option is for individual and business taxpayers. The IRS' continuing partnership with ACI Worldwide's OfficialPayments.com and the PayNearMe Company lets taxpayers make a payment without a bank account or [...]

By |2020-07-05T10:27:59-08:00July 7th, 2020|Finance|Comments Off on More retailers accepting cash payments for federal taxes

Rollover relief for RMD from retirement accounts waived under CARES Act

The Internal Revenue Service reports anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020. The 60-day rollover period for any RMDs already taken [...]

By |2020-06-27T13:35:50-08:00June 30th, 2020|Finance|Comments Off on Rollover relief for RMD from retirement accounts waived under CARES Act

IRS: changes to health care spending available under CARES Act

Taxes which are due on July 15  is just around the corner after being postponed from April 15.  To assist the Internal Revenue Service has advised that new rules under the CARES Act provide flexibility for health care spending that may be helpful in the current environment where more people [...]

By |2020-06-21T10:56:57-08:00June 23rd, 2020|Finance|Comments Off on IRS: changes to health care spending available under CARES Act

July 15 tax deadline approaching: here are your options

As the July 15 tax-filing deadline − postponed from April 15 − draws near, the Internal Revenue Service is reminding all taxpayers who have yet to file their 2019 federal tax return to file electronically now, choose direct deposit for their refund, or pay any tax owed electronically. Taxpayers who [...]

By |2020-06-14T12:32:37-08:00June 16th, 2020|Finance|Comments Off on July 15 tax deadline approaching: here are your options

IRS Chief Counsel goes virtual with national Settlement Days

The Internal Revenue Service Office of Chief Counsel is expanding its Virtual Settlement Days program after the tremendous success achieved by three offices that took Settlement Days events virtual in May 2020. Settlement Days events are coordinated efforts to resolve cases in the United States Tax Court (Tax Court) by [...]

By |2020-06-06T17:45:25-08:00June 9th, 2020|Finance|Comments Off on IRS Chief Counsel goes virtual with national Settlement Days

IRS: Form 1040-X electronic filing options coming this summer

The Internal Revenue Service reports later this summer taxpayers will for the first time be able to file their Form 1040-X, Amended U.S Individual Income Tax Return, electronically using available tax software products. Making the 1040-X an electronically filed form has been a goal of the IRS for a number [...]

By |2020-05-30T13:59:16-08:00June 2nd, 2020|Finance|Comments Off on IRS: Form 1040-X electronic filing options coming this summer

Amid COVID, Barona Resort & Casino start phased re-opening

After being shuttered for two months due to the COVID-19 pandemic, Barona Resort & Casino began to re-open to the public in phases on Wednesday, May 27. In response to the pandemic, Barona Resort & Casino closed in mid-March to protect the health and safety of its players, staff, Tribal [...]

By |2020-05-25T14:15:31-08:00May 28th, 2020|Finance|Comments Off on Amid COVID, Barona Resort & Casino start phased re-opening

Amid COVID tax pros can choose up to 30 webinars beginning July

The Internal Revenue Service said its 2020 IRS Nationwide Tax Forums will be held virtually with a series of live-streamed webinars beginning in July. "Given restrictions on large gatherings and difficulties with travel, we've decided to present the IRS Nationwide Tax Forums in a virtual format this year," IRS Commissioner [...]

By |2020-05-23T11:25:43-08:00May 26th, 2020|Finance|Comments Off on Amid COVID tax pros can choose up to 30 webinars beginning July

IRS offers Economic Impact Payments info in other languages

The Internal Revenue Service has created the availability of additional material for partner groups sharing information related to Economic Impact Payments, including a new toolkit in Spanish and a variety of other print and visual items available. Even with more than 130 million Economic Impact Payments delivered to date and [...]

By |2020-05-16T14:39:27-08:00May 19th, 2020|Finance|Comments Off on IRS offers Economic Impact Payments info in other languages
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