While the tax deadlines for individuals and corporations are behind us, the 2022 Tax Deadline for Nonprofit Organizations is Monday, May 16. If you are a nonprofit, here is some valuable information that can help you plan: On April 26, 2022, the IRS published a helpful new guide to filing Nonprofit taxes. It includes an […]
Accounting News
Important Tax Due Dates 2022 Tax Deadlines are upon us. This year, tax day is April 18th in most states, with the extension date of October 17, 2022. If you haven’t started on your taxes for 2021, now is the time. The following contributions to be made by April 18th, for 2021 2021 IRA Tax […]
Advance Child Tax Credit (CTC) — Our recent article on the CTC helps explain the changes that need to be considered when filing your 2021 taxes. In order to appropriately record this credit and to avoid unexpected delays in return processing and refunds, you need to provide Form 6419 or a summary of the advanced […]
This year, Tax Day is Monday, April 18, 2022, for most of the United States. (Maine and Massachusetts residents have until April 19 to file federal returns since April 18 is Patriot’s Day in those two states.) If you need additional time to file your 2021 taxes, please let us know as soon as possible. […]
Trading in cryptocurrency (also called “virtual currency” or “digital currency”) has risen exponentially in recent years. As it has become more common, it has also grown bigger on the IRS’ radar screen. For the second year in a row, Form 1040 (pictured below) includes a question about cryptocurrency at the top of the first page. […]
The President yesterday signed the American Rescue Plan Act into law, so the much anticipated $1.9 Trillion Covid-19 stimulus package is official.