Tag Archives: Tulsa tax File

A Closer Look: IRS thanks taxpayers for filing and paying taxes, urges those who don’t normally file not to miss possible refunds

Inside This Issue A Closer Look: IRS thanks taxpayers for filing and paying taxes, urges those who don’t normally file not to miss possible refundsAmerican Rescue Plan: Tax benefits for 2020 and beyondInformation for gig economy workers and for unemployment benefits recipientsNinth batch of EIP brings total payments to nearly 165 millionDyed diesel fuel penalty…
Read more

Deferral of employment tax deposits and payments through December 31, 2020

The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer's share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes. These FAQs address specific issues related to the deferral of deposit and payment of these employment taxes. The FAQs…
Read more

Topic No. 653 IRS Notices and Bills, Penalties, and Interest Charges

Generally, April 15 is the deadline for most people to file their individual income tax returns and pay any tax owed. During its processing, the IRS checks your tax return for mathematical accuracy. When processing is complete, if you owe any tax, penalty, or interest, you will receive a bill. Generally, interest accrues on any unpaid tax…
Read more

Offer in Compromise

An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability, or doing so creates a financial hardship. We consider your unique set of facts and circumstances: Ability to pay;Income;Expenses; andAsset equity. We…
Read more

Visit Us On FacebookVisit Us On Linkedin