The IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are already being accepted.) Even if you typically don’t file until much closer to the April deadline (or you file for an extension until October), consider filing earlier this year. Why? You can potentially protect yourself ... Read More ›
Our Annual Year-End Tax Releases are posted on our website: Annual Tax Releases in the Updates section.
The Releases include: Wage and Tax Reporting Forms W-2 and W-3 Information Reporting Forms 1099, 1096, and 5498 2021 Automobile Rules Third Party Payments of Sick Pay Form W-4P Withholding on Pension and Annuity Payments 2022 Rates & Limits
The additional releases will be ... Read More ›
If you’re starting to worry about your 2021 tax bill, there’s good news — you may still have time to reduce your liability. Here are three quick strategies that may help you trim your taxes before year-end.
1. Accelerate deductions/defer income. Certain tax deductions are claimed for the year of payment, such as the mortgage interest ... Read More ›