Entries by Jeff

Taxpayers impacted by seawater intrusion in parts of Louisiana qualify for tax relief

On September 29, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by seawater intrusion in parts of Louisiana. These taxpayers now have until February 15, 2024, to file various federal individual and business tax returns and make tax payments. The February 15, 2024, deadline will now apply to: Individuals who had a […]

Taxpayers impacted by Hurricane Lee in Maine and Massachusetts qualify for tax relief

On September 25, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by Hurricane Lee anywhere in Maine and Massachusetts. These taxpayers now have until February 15, 2024, to file various federal individual and business tax returns and make tax payments. The February 15, 2024, deadline will now apply to: Individuals who had […]

Georgia Taxpayers Impacted By Idalia Qualify For Tax Relief

On September 13, 2023 the Internal Revenue Service (IRS) announced tax relief for individuals and businesses affected by Idalia in 28 of the state’s 159 counties in Georgia. These taxpayers now have until February 15, 2024, to file various federal individual and business tax returns and make tax payments. The February 15, 2024, deadline will now apply to: […]

IRS using Artificial Intelligence to crack down on millionaires to collect millions in back taxes

The IRS announced on September 8, 2023 that under the Inflation Reduction Act where the IRS is receiving $80 billion in new funding, the IRS is shifting more attention onto high-income earners, partnerships, large corporations and promoters abusing the nation’s tax laws while using Artificial Intelligence and improved technology to identify sophisticated schemes to avoid […]

Hawaii Wildfire Victims Qualify For Tax Relief

On August 18, 2023 the Internal Revenue Service (IRS) announced expansive tax relief for Hawaii wildfire victims in Maui and Hawaii counties. These taxpayers now have until February 15, 2024, to file various federal individual and business tax returns and make tax payments. The February 15, 2024, deadline will now apply to: Individuals who had a valid […]

IRS Ending Unannounced Revenue Officer Visits To Taxpayers

As part of a larger transformation effort, the Internal Revenue Service (IRS) announced on August 3, 2023 a major policy change that will end most unannounced visits to taxpayers by IRS Revenue Officers to reduce public confusion and enhance overall safety measures for taxpayers and employees. The change reverses a decades-long practice by IRS Revenue […]

Storm victims in 4 states facing expiration of IRS tax relief: File and pay by July 31; parts of Arkansas, Indiana, Mississippi and Tennessee.

Individuals and businesses in parts of four states where Federal Disaster Relief was announced are facing a deadline of July 31, 2023 to file their 2022 federal income tax returns and make tax payments.  You can file an extension to get additional time to October 16, 2023 to file your tax returns but it does […]