Maybe. If you were affected by the nor’easter on Monday, April 16, you’ll have even more time to file your taxes.
If you were affected by the storm due to power outages and public transit problems, you now have until midnight April 19 to meet your tax filing obligations without incurring late filing and payment penalties. Just mark your paper tax returns with the words “April 16 Storm.” If you e-file, use the software’s “disaster” feature, if available.
As a kid, the church was always a big part of my life. I was that girl, the one who raised her hand and asked questions and often got shushed in service. I did, however, eventually have the good fortune to have a pastor who was everything that I thought a religious leader should be:…
Internal Revenue Service (IRS) Commissioner Doug Shulman has announced that the IRS will not renew its contracts with two private debt collection agencies. Those contracts expire this year. You may recall that I was not a fan of turning over collections matters to private companies. Like many other tax professionals, I had concerns about the…
On August 8, 2020, President Trump issued a directive to the Department of Treasury to allow for the deferral of payroll taxes for the period of September 1, 2020, through December 31, 2020. Details were scarce, but a few days later, Treasury Secretary Steven Mnuchin suggested to Fox Business’ Maria Bartiromo that the deferral would be voluntary. Today,…
The Internal Revenue Service (IRS) has issued its 2021 standard mileage rates. Beginning on January 1, 2021, the standard mileage rates for the use of a car, van, pickup, or panel truck will be: 56 cents per mile for business miles driven (down from 57.5 cents in 2020) 16 cents per mile driven for medical or moving…
The U.S. Treasury Department and Internal Revenue Service (IRS) have announced the appointment of Erin M. Collins to serve as the National Taxpayer Advocate (NTA). Collins previously served for twenty years as a Managing Director of KPMG’s Tax Controversy Services practice for the Western Area. Before that, she served an attorney in the Office of Chief Counsel…
It turns out that the IRS can’t do everything it wants after all. Last year, three independent tax preparers, Sabina Loving of Chicago, Illinois, John Gambino of Hoboken, N.J., and Elmer Kilian of Eagle, Wisconsin, took on the IRS, accusing it among other things, of lacking the authority to license tax preparers. The lawsuit was…