LATEST TAX NEWS

Why Using the Correct Filing Status Matters As taxpayers get ready for the upcoming filing season, one needs to know their correct filing status. A taxpayer's filing status defines the type of tax return form they should use when filing their taxes. Filing status can...

Reminder: Identity Protection PIN Available To Taxpayers Starting in January 2021, the IRS Identity Protection PIN Opt-In Program expanded to include all taxpayers who can properly verify their identity. Previously, IP PINs were only available to identity theft...

Tax Planning vs. Tax Preparation: What is the Difference? Many people assume tax planning is the same as tax preparation, but the two are quite different. Let's take a closer look: What is Tax Preparation? Tax preparation is the process of preparing and filing a tax...

Important Tax Changes for Individuals and Businesses Every year, it's a sure bet that there will be changes to current tax law and this year is no different. From standard deductions to health savings accounts and tax rate schedules, here's a checklist of tax changes...

Employers and Self-employed Who Elected to Defer 2020 Social Security Tax, The Payments Are Due Jan. 3 Article Highlights: 2020 COVID Social Security Tax Deferral Relief IRS Payment Reminder Repayment Due Date How to Make Repayment of the Deferred Amounts As part of...

2022 Standard Mileage Rates Now Available The Internal Revenue Service has put a little more cushion into its standard mileage rates, so taxpayers won’t have such a big bite taken out of their pockets by fuel prices. The rates for 2022, which take effect on January 1,...