Tax Blog

The Internal Revenue Service this week announced tax relief for victims of Hurricane Ian who reside or operate a business anywhere in North Carolina and South Carolina. Like relief granted to storm victims in Florida, the agency is delaying several federal filing and payment deadlines.… Read more about Storm Victims in North Carolina and South Carolina Get Tax Relief (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

While Monday, October 17 is the deadline to file tax returns for those who requested an extension earlier this year, some taxpayers may have additional time due to military service or disaster assistance. Additionally, the FBAR deadline has been extended for some due to natural disasters.… Read more about IRS Reminds Taxpayers of Disaster Extensions for Tax Returns and FBAR (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service estimates over 9 million people who failed to file a tax year 2021 return could qualify for tax credits. This is not the first time the IRS has notified non-filers that they could be eligible for tax credits: the agency alerted 9 million taxpayers about their potential eligibility for Economic Impact Payments in September 2020.… Read more about Non-Filers Can Still Benefit from Several 2021 Credits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

When disaster strikes, the government’s disaster-declaration process can help victims recover from financial losses. Governors in affected states submit a major disaster area request to the president through the Federal Emergency Management Agency (FEMA); if granted, one benefit victims receive is tax relief.… Read more about IRS Disaster Relief in 2022 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service has published a new set of frequently asked questions on the Premium Tax Credit, giving taxpayers the latest and best information on how—and why—to claim the credit.… Read more about Premium Tax Credit FAQs Updated (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

It turns out the Internal Revenue Service isn’t entirely done with facial recognition software after all. While the agency once again confirmed they will not require biometric data for IRS Online Account registration, it would remain an option for taxpayers who prefer that verification method—with additional security measures in place to protect taxpayers’ privacy.… Read more about Facial-Recognition Now Optional for IRS Online Accounts (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…