The Inflation Reduction Act has been in the news a lot lately, but what does it actually mean for you individually and as a small business owner? Here is a breakdown of what you need to know. Nonbusiness Energy Property Credits You can get an annual credit of...
The IRS encourages businesses to begin planning now to take advantage of tax benefits available to them when they file their 2022 federal income tax return. This includes the enhanced business meal deduction. For 2021 and 2022 only, businesses can generally deduct the...
The IRS recently rolled out a new and improved Where’s My Refund tool. This updated tool allows taxpayers to check the status of their refunds for the 2021, 2020, and 2019 tax years. To use the tool, taxpayers will need their Social Security number or ITIN,...
It’s important for everyone should know how the IRS contacts taxpayers. This will help people avoid becoming a victim of scammers who pretend to be from the IRS with a goal of money or stealing personal information. Here are some facts about how the IRS communicates...
Once taxpayers file their federal tax returns, they’re eager for details about their refund. When it comes to refunds, there are several common myths that can mislead taxpayers.Myth: Calling the IRS, tax software provider, or a tax professional will provide a...
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