IRS Launches Resource Page

Feb 15, 2022 | IRS, tax season

Help For Taxpayers & Tax Professionals The Internal Revenue Service announced a special new page on IRS.gov to provide the latest details and information affecting the 2022 filing season and ongoing efforts by the agency to address the inventory of previously...

Ways to Avoid Panic During Tax Season

Jan 7, 2022 | Blog

Tax Season Don’t be caught with your pants around your ankles on tax season. Save yourself headaches and stress by planning for success. Expecting the best and knowing the worst will keep you mindful during the tax season; no catastrophes required. Here is a...

Get Ready For 2022 Taxes

Dec 7, 2021 | IRS, tax season

2022 Taxes The Internal Revenue Service encouraged taxpayers to take important actions this month to help them file their federal tax returns in 2022, including special steps related to Economic Impact Payments and advance Child Tax Credit payments. Check on advance...

IRS Provides Guidance on Per Diem Rates

Nov 16, 2021 | IRS, Tax Deductions

Temporary 100% Deduction for Food or Beverages From Restaurants The Internal Revenue Service issued Notice 2021-63 PDF to make clear how the temporary 100% business deduction for food or beverages from restaurants applies to taxpayers properly applying the rules of...

IRS Announces 401K Limit Increase

Nov 8, 2021 | IRA, IRS

The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2022has increased to $20,500, up from $19,500 for 2021 and 2020. The IRS also issued technical guidance regarding all of the cost‑of‑living adjustments affecting...