Author: taxsecretsblog

October Extended Due Date Just Around the Corner Article Highlights: October 16, 2023 is the extended due date for 2022 federal 1040 returns.  Late-filing Penalty  Interest on Tax Due  Other October 16 deadlines If you could not complete your 2022 tax return by April 18,

Article Highlights: Home gain exclusion amounts Home cost Reasons to keep home improvement records Records may be required to avoid tax Which records to keep and for how long When the sales price, net of selling expenses, is more than the cost of an individual’s

October 2023 Individual Due Dates October 2 - Fiduciaries of Estates and Trusts File a 2022 calendar year return (Form 1041). This due date applies only if you were given an extension of 5½ months. If applicable, provide each beneficiary with a copy of their

QuickBooks Online offers a world-class set of bookkeeping and accounting features designed to simplify financial management tasks for all business owners. Among these features is the ability to set up recurring transactions. This powerful, time-saving tool is a great way to automate certain expenses and

Recent survey results from the Nationwide Retirement Institute shed light on the prevalent concerns surrounding the future of Social Security. Among those aged 50 and above, a staggering 75% worry that Social Security may run out of funds in their lifetimes, a notable increase from

Article Highlights: October 16, 2023 is the extended due date for 2022 federal 1040 returns. Late-filing Penalty Interest on Tax Due  Other October 16 deadlines If you could not complete your 2022 tax return by April 18, 2023 and are now on extension, that extension

The early Presidential debates for the 2024 election cycle have begun, and one topic that's expected to take center stage is the future of the U.S. tax code. Tax policy questions loom large, and the 46th person to serve as United States President – remember,

In a tale that could rival even the most gripping golf tournament dramas, a recent event in Central Florida saw a hole-in-one winner denied her coveted prize – a brand-new Mercedes-Benz. Linda L. Chen's remarkable feat on the 11th hole at Isleworth Golf & Country

Article Highlights: Promoter Pressure Special Withdrawal Option in The Works Willfully Filed Fraudulent Claims Proper ERC Claims Improper Claims Advice for Taxpayers Those Currently Awaiting an ERC Claim  Those Who Haven’t Filed a Claim Yet Withdrawing an Existing Claim Already Filed Wait For the IRS

Article Highlights: Tax Return Mistakes are Common Fixing Tax Return Mistakes Amended Return Superseding Return Don’t Procrastinate in Responding to IRS Common Family Tax Mistakes Generally speaking, tax return mistakes are a lot more common than you probably realize. Taxes have grown complicated, and the