Elite Accounting Services

02/08/2021

https://www.aarp.org/money/taxes/info-2020/are-stimulus-checks-taxed.html

Details on why taxpayers don’t need to worry about the tax liability on their stimulus money which is effectively an advanced refundable tax credit.

06/11/2020

https://www.irs.gov/newsroom/payment-deadline-extended-to-july-15-2020

March 21, 2020 - The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak.

03/18/2020

https://nypost.com/2020/03/17/irs-gives-americans-3-month-break-for-filing-taxes/?utm_source=facebook_sitebuttons&utm_medium=site+buttons&utm_campaign=site+buttons

The IRS is giving Americans a three-month reprieve on paying their taxes this year as the Trump administration tries to shield the country’s economy from the ravages of the coronavirus. Taxpa…

03/11/2020

https://www.cnn.com/2020/03/11/politics/tax-filing-coronavirus-wall-street-journal/index.html

The Treasury Department is considering extending the April 15 tax filing deadline to curb the financial impact of coronavirus on American households and businesses, according to The Wall Street Journal.

02/26/2020

https://www.irs.gov/refunds

Get information about tax refunds and updates on the status of your e-file or paper tax return.

04/07/2019

https://www.irs.gov/newsroom/irs-waives-penalty-for-many-whose-tax-withholding-and-estimated-tax-payments-fell-short-in-2018

IR-2019-03, January 16, 2019 — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

11/03/2018

https://apple.news/AQtt2m87tQiCH0ixvPSV1rw

Retirement can often reduce or eliminate a lot of your expenses. But many retirees are surprised to discover there's one bill that may not go down: taxes.

08/09/2018

https://www.accountingtoday.com/news/more-small-businesses-can-now-use-cash-accounting-irs

The Tax Cuts and Jobs Act expanded eligibility for the method.

06/14/2018

Reminder: Second quarter tax estimates due June 15!

06/14/2018

https://www.gobankingrates.com/taxes/deductions/tax-tips-married-couple-needs-know/

Save money with these tax tips for married couples.

06/14/2018

http://thehill.com/policy/finance/392192-house-committee-approves-spending-bill-that-would-boost-irs-funding

The House Appropriations Committee on Wednesday approved a $23.4 billion financial services spending bill that includes a boost to IRS funding.