2024 Tax Brackets & Standard Deduction Adjusted For Inflation
2024 Standard Deduction When the 2017 Tax Cuts and Jobs Act nearly doubled the standard deduction in 2018, many taxpayers stopped itemizing on their returns. Today, nearly 90% of all
-
Get Ahead of the Game: A Guide to Filing Taxes in 2024
Important Dates and Deadlines for Filing Taxes in 2024 The 2024 tax season officially kicks off on January 23, 2024. This is the first date the IRS will accept 2023
Read More -
IRS Hits Paperless Processing Milestone Ahead of Schedule
Taxpayers Can Now Digitally Respond to All Correspondence In February 2023, taxpayers could only submit nine (9) notices through the Document Upload Tool. Eight months later, all notices can now
Read More -
Don’t Let These Tax Mistakes Drain Your Bottom Line: A Guide For Employers
Common Business Tax Mistakes to Avoid Tax mistakes can have a significant financial impact on your business. Not only can tax errors lead to penalties and interest charges, but also
Read More -
What is The General Business Credit?
What is The General Business Credit (GBC)? The general business credit is a provision in the tax code that allows businesses to reduce their tax liability by claiming various credits
Read More -
Unfiled Tax Returns: Unveiling The Risks & Your Next Steps
Risks of Not Addressing Unfiled Tax Returns Failure to address unfiled taxes can have severe consequences. The tax authorities have the power to take legal action against individuals or businesses
Read More -
The Importance of IRS Representation: How Third-Party Experts Can Safeguard Your Financial Interests
Common Situations Where IRS Representation is Crucial Although IRS representation can be beneficial in a variety of situations, there are specific instances where it becomes crucial. One such situation is
Read More