Many corporations have benefited from federal authorities aid acts and packages such because the American Rescue Plan or the Supplier Reduction Funds throughout the pandemic. But when they’re a...
IRS supplies tax-return-filing and fee reduction for taxpayers impacted by Hurricanes Ian and Fiona
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October 22, 2022
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admin
Many 1000’s of people and companies felt the wrath of Hurricane Ian and Hurricane Fiona in September, together with many tax professionals and their tax purchasers, making it unimaginable...
Ian victims get federal submitting aid
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October 2, 2022
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Hurricane Ian victims all through Florida now have till Feb. 15 to file numerous federal particular person and enterprise tax returns and make tax funds. The IRS is providing...
Congressional Republicans urge IRS to increase COVID-19 associated tax penalty aid deadline
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September 29, 2022
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A bunch of Republicans on Congress’ primary tax committees despatched a letter to the Inside Income Service and the Treasury Division asking them to increase the deadline for aid...
Alaska climate victims get federal submitting reduction from IRS
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September 28, 2022
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Victims of storms and flooding that started on Sept. 15 in elements of Alaska now have till February to file varied federal particular person and enterprise tax returns and...
Hurricane Fiona victims in Puerto Rico qualify for tax reduction
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September 21, 2022
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admin
Hurricane Fiona victims in all 78 Puerto Rican municipalities now have till February to file numerous federal particular person and enterprise returns and make tax funds. The IRS is...
Victims of Mississippi water disaster get submitting reduction
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September 9, 2022
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Victims of the water disaster that started in Mississippi on Aug. 30 now have till February to file varied particular person and enterprise returns and make tax funds. Following...
IRS reduces tax return backlog as AICPA urges penalty aid extension
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September 1, 2022
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The Inside Income Service is making progress on its backlog of unprocessed tax returns, because it’s requested by the American Institute of CPAs to increase its just lately introduced...
IRS presents tax penalty reduction to late-filing taxpayers, refunding $1.2B in penalties
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August 25, 2022
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The Inner Income Service is offering penalty reduction to most particular person and enterprise taxpayers who filed their 2019 or 2020 returns late because of the COVID pandemic, whereas...
Comparatively few small companies aided by COVID tax aid
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August 3, 2022
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admin
Small enterprise house owners have been hampered by difficult tax types and processes that saved them from claiming pandemic-related tax credit and payroll tax deferrals, in accordance with a...