Category Archives: USA

USA IRS : e-file Providers/EROs

By | February 27, 2020

This is a reminder of the e-file monitoring rules in Publication 3112, IRS e-file Application and Participation. The IRS monitors Providers through review of IRS records and during visits to Providers’ offices and other locations where Providers perform IRS e-file activities. During monitoring visits, the IRS may investigate complaints and ensure compliance with IRS e-file rules.… Read More »

USA IRS : Employment Tax for Indian Tribal Governments Inbox x

By | February 27, 2020

The IRS office of Indian Tribal Governments has updated Publication 4268, Employment Tax for Indian Tribal Governments (PDF). The revised publication: Provides information to tribes regarding employment tax matters as they pertain to federally recognized Indian tribes and their wholly-owned entities. Assists tribal entities in meeting their federal employment tax responsibilities. Provides key information on special… Read More »

How taxpayers should plan ahead for natural disasters : IRS

By | May 29, 2019

All taxpayers should plan ahead for natural disasters Floods, wildfires, hurricanes, tornados and other natural disasters happen quickly and often with little warning.  No one can prevent these disasters from happening, but people can prepare for them. Here are some things taxpayers can do to help protect their financial safety should a disaster occur. Taxpayers should: Update… Read More »

Category: USA

Home office deduction benefits eligible small business owners : IRS

By | May 28, 2019

Home office deduction benefits eligible small business owners Small business owners may qualify for a home office deduction Click here that will help them save money on their taxes, and benefit their bottom line. Taxpayers can take this deduction if they use a portion of their home exclusively, and on a regular basis, for any of… Read More »

IRS Tax Payment Options in USA

By | May 22, 2019

It’s not too late to check IRS payment options IRS offers taxpayers convenient, secure ways to pay their taxes throughout the year. Taxpayers can pay: Online By phone With their mobile device using the IRS2Go app Additionally, some taxpayers must make quarterly estimated tax payments throughout the year. These taxpayers may include sole proprietors, partners, and S-corporation… Read More »

IRS Changed Rule for Taxable Year of Inclusion

By | May 17, 2019

The Tax Cuts and Jobs Act (TCJA) changed certain rules for accrual-method taxpayers. Previously, taxpayers who used the accrual-method generally needed to include income in the year in which all events had occurred that fixed the right to receive income and the amount could be determined with reasonable accuracy, the “all-events test”. TCJA revised Section… Read More »

IRS Accepting Applications for 2020 Grants for Low Income Taxpayer Clinics

By | May 17, 2019

IRS Accepting Applications for 2020 Grants for Low Income Taxpayer Clinics The IRS is accepting applications for Low Income Taxpayer Clinic (LITC) grants for calendar year 2020 until June 17. To apply, download the 2020 Publication 3319, LITC Grant Application Package and Guidelines and view the document, Information for Potential LITC Grantees. For questions about the LITC Program or the grant application… Read More »

Child Tax Credit 2019 in USA

By | May 16, 2019

Many people claim the child tax credit to help offset the cost of raising children. Tax reform legislation made changes to that credit for 2018 and later. Here are some important things for taxpayers to know. Credit amount. The new law increases the child tax credit from $1,000 to $2,000. Eligibility factors for the credit have not changed.… Read More »

Free Tax Preparation online for USA

By | May 16, 2019

Free Tax Preparation online for USA Here is the list of Free Tax Preparation online for USA Free Tax Preparation online by IRS You can file your FREE federal return with software provided by Internal Revenue Services. You can prepare and file your federal individual income tax return for free using tax-preparation-and-filing software. Let Free… Read More »