Tax season is coming up fast. Soon enough, we’ll all be receiving our annual tax forms in the mail. Like many of us, you’ll probably want to send the information over to your accountant as you receive it, or even start your filing process before you have all your forms. However, this may not be the best thing to do. So when should you send in your information?
Translations from Your Trusted Advisor.
Do You Want My Tax Information?
The Internal Revenue Service issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
As we quickly approach the deadline for filing 1099-MISC or 1099-NEC, it is time to consider whether your business is ready to file.
As the new tax season quickly approaches, we all want to make sure that we pay as little in taxes as possible when we file. With this in mind, now is the perfect time to be able to make any last minute adjustments.
If you have received a letter from the IRS, do not panic! The IRS has begun sending out letters to potentially eligible families who did not claim Economic Impact stimulus payments, the Earned Income Tax Credit, the Child Tax Credit, and/or the Recovery Rebate Credit and did not file a 2021 federal tax return. If you filed a 2021 tax return, you will not receive this letter from the IRS and this will not affect you.
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