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Blog2016-12-08T14:35:13-08:00

Virtual currency: IRS issues additional guidance on tax treatment and reminds taxpayers of reporting obligations

As part of a wider effort to assist taxpayers and to enforce the tax laws in a rapidly changing area, the Internal Revenue Service today issued two new pieces of guidance for taxpayers who engage [...]

By |October 9th, 2019|Comments Off on Virtual currency: IRS issues additional guidance on tax treatment and reminds taxpayers of reporting obligations

IRS extends Oct. 15 and other upcoming deadlines, provides other tax relief for victims of Tropical Storm Imelda

WASHINGTON – Victims of Tropical Storm Imelda in parts of Texas, including the Houston area, have until Jan. 31, 2020, to file various individual and business tax returns and make tax payments, the Internal Revenue [...]

By |October 8th, 2019|Comments Off on IRS extends Oct. 15 and other upcoming deadlines, provides other tax relief for victims of Tropical Storm Imelda

The earned income tax credit can put money in taxpayers’ pockets

The earned income tax credit benefits working people with low-to-moderate income. Last year, the average credit was $2,445. EITC not only reduces the amount of tax someone owes, but may also give them a refund, even [...]

By |October 7th, 2019|Comments Off on The earned income tax credit can put money in taxpayers’ pockets
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