by Napoli Tax Services LLC | Sep 30, 2021 | Latest Tax News
The IRS Backlog Is Causing Taxpayer Heartburn Article Highlights: COVID-19 and Tax-Return Processing Delays Congress Helped to Create the Backlog Taxpayer Advocate’s Assessment Backlog Before the COVID-19 pandemic, the IRS was getting refunds out swiftly and responded...
by Napoli Tax Services LLC | Sep 30, 2021 | Latest Tax News
Tax Planning: Facts About Credits and Deductions Tax credits and deductions can mean more money in a taxpayer’s pocket. Here are a few facts about credits and deductions that help taxpayers with their year-round tax planning: Taxable income is what’s left...
by Napoli Tax Services LLC | Sep 30, 2021 | Latest Tax News
Gross Receipts Safe Harbor for Employers Claiming ERC Safe harbor is now available that allows employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit (ERC). These amounts are: The amount of the...
by Napoli Tax Services LLC | Sep 30, 2021 | Latest Tax News
Extension Deadline Looming for 2020 Tax Returns Time is running short for taxpayers who requested an extra six months to file their 2020 tax return. As a reminder, Friday, October 15, 2021, is the extension deadline for most taxpayers. Taxpayers who owe tax – even...
by Napoli Tax Services LLC | Sep 15, 2021 | Latest Tax News
Should You Get an IRS Identity Protection PIN? Article Highlights: What is an IP PIN? Social Security Number IP PIN Program Expansion How the IP PIN is Used Annual Number Applying for an IP PIN Current Availability An Identity Protection PIN (IP PIN) is a six-digit...
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