by My Company | Oct 8, 2021 | Tax Tips and News
Taxpayers with foreign bank or financial accounts are being reminded that time is running out to file the yearly report of their holdings. The annual Report of Foreign Bank and Financial Accounts (FBAR) is due on Oct. 15. The deadline applies to any U.S. citizens,...
by My Company | Oct 8, 2021 | Tax Tips and News
Everyone likes more choices nowadays, and the Internal Revenue Service is set to deliver. They’re serving up a batch of new self-study seminars for tax professionals. Eighteen new seminars—recorded in July and August as part of the 2021 Nationwide Tax Forum –...
by My Company | Oct 8, 2021 | Tax Tips and News
Millions of families have been receiving monthly advance payments of the Child Tax Credit. Provided by the American Rescue Plan that was passed earlier this year, these payments have been going to eligible households since July. As with any tax-related change,...
by My Company | Sep 18, 2021 | Tax Tips and News
Choose wisely; that’s the message from the Internal Revenue Service to business owners when it comes to deciding whether people who provide services to the company are employees or independent contractors. Generally, anyone is considered an employee if they provide...
by My Company | Sep 18, 2021 | Tax Tips and News
To help compensate for a shortage of diesel fuel in the wake of Hurricane Ida in Louisiana, the Internal Revenue Service has extended its relief measures basically allowing dyed diesel fuel to be temporarily sold and used for highway purposes. This latest announcement...
by My Company | Sep 15, 2021 | Tax Tips and News
Parts of Pennsylvania have been added to the list of locations eligible for tax relief measures in the wake of Hurricane Ida. The Internal Revenue Service has now extended various tax deadlines until Jan. 3, 2022, for six counties in Pennsylvania, joining specified...
