The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns. The deadline to file 2019 tax returns and pay any tax owed is Wednesday, April 15, 2020. More than 150…
If you are a U.S. citizen or resident alien, the rules for filing income, estate, and gift tax returns and paying estimated tax are generally the same whether you are in the United States or abroad. Your worldwide income is subject to U.S. income tax, regardless of where you reside. International Businesses Tax information for…
Background Checks and Fingerprint Images – Begins July 1, 2020 California Business & Professions Code Section 22251.3* was amended to require new applicants interested in becoming CRTPs to pass a criminal background check and submit fingerprint images to CTEC to determine an individual’s eligibility to register as a CRTP. Background Checks and Fingerprint Images –…
Aside from regular wages, many taxpayers have jobs where they get tips from their clients or customers. Generally, income received as a tip is taxable. Here’s some information to help taxpayers correctly report the income they receive as a tip: Use the Interactive Tax Assistant. This tool on IRS.gov asks taxpayers a series of questions.…
The 2018 IRS Data Book describes activities conducted by the IRS from Oct. 1, 2017, to Sept. 30, 2018, and includes information about tax returns, refunds, examinations and appeals. The annual publication is illustrated with charts showing changes in IRS enforcement activities, taxpayer assistance levels, tax-exempt activities, legal support workload and IRS budget and workforce…
We Find Money Others Missed, can’t hurt to look. What We Look For You’re wondering where might those dollars be hiding? Common mistakes we catch during a tax return review include: MISSED EDUCATION CREDITS If you are a student or are a student’s parent, are you sure you are taking full advantage of the American…
