by taxPRO Websites Staff | May 22, 2021 | Tax Tips and News
The deadline for filing income taxes came and went on May 17, but that’s no reason to think the filing door is completely shut. Taxpayers who owe tax due but didn’t request an extension should file now to keep their penalties and interest to a minimum. Even if...
by taxPRO Websites Staff | May 20, 2021 | Tax Tips and News
A provision of the American Rescue Plan is being readied for action, targeting nearly 90 percent of American households with children to receive monthly payments of the Child Tax Credit. The Internal Revenue Service and the Department of the Treasury expect to send...
by taxPRO Websites Staff | May 18, 2021 | Tax Tips and News
Some individual taxpayers and businesses in certain Tennessee counties have gotten some good news for a change: They have until August 2 to file their various tax returns with the IRS. These taxpayers have had their share of bad news lately, mostly due to spring...
by taxPRO Websites Staff | May 15, 2021 | Tax Tips and News
With restaurants beginning to open more fully due to a break in the coronavirus pandemic, employees in the food and beverage industry are soon likely to have a lot more to report on their taxes: Tips. That’s why the Internal Revenue Service is reminding taxpayers that...
by taxPRO Websites Staff | May 14, 2021 | Tax Tips and News
If you live in the Southeast, long lines and questionable containers are a sad reality at many local gas stations. The temporary Colonial Pipeline disruption caused a rush on fuel this week, leading many in the region to hoard gasoline. Luckily, our post-apocalyptic...
by taxPRO Websites Staff | May 13, 2021 | Tax Tips and News
Most Americans think that when it comes to paying income tax, Social Security benefits are off-limits. And in most cases, that may be true, but add a little income on the side, and those non-taxable benefits can shift onto the taxable side of the spreadsheet. Social...
