The IRS drafts new Form 1040-SR tax return for seniors & 1040 updates for 2019
The IRS drafts new Form 1040-SR tax return for seniors & 1040 updates for 2019
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Entries by Cloud Accounting Professionals
Did you know that if you have homeowners Insurance and there’s a Hurricane that causes damages to your home? You may qualify for a Tax Deduction?
If you live in Florida, you know that nothing says summer more than the word “hurricane” and now we are officially in the hurricane/tropical storm season. If you’ve ever experienced any hurricane or tropical storm before, you know very well that you should start preparing for the worst-case scenario now rather than ending up completely […]
Congress Approves the Taxpayers First Act Reform Bill
The bill is to make improvements to the Internal Revenue Services, such as modernizing technology, updating their customer service techniques, helping any tax related identity theft victims by securing their rights.
I Missed the Filing Deadline! What Happens Now?
This year’s individual deadline for 2015 was April 18, 2016. What happens if it was missed? The urgency in getting your taxes filed is really dependent upon whether you’re expecting a refund or you owe additional taxes. If you are unable to file your return by the original due date, the IRS allows you […]
Changes to Due Dates Effective Now
In a bill for highway funding extension some provisions in the bill were what you would not expect, they were tax provision that changed due dates and additional requirements. The bill was signed into law by President Barack Obama on July 31, 2015. While the tax provisions are divided between new tax return due […]
Does Your Tax Preparer Have A Record Of Completion?
Many of you know that it is important to find a tax preparer that knows what they’re doing because in the end it affects you. This year was the start of a new program by the IRS called the Annual Filing Season Program. What this program aims to do is make sure […]
Florida Number One In Identity Theft
Identity theft as defined by the IRS occurs when someone uses your personal information such as your name, Social Security number (SSN) or other identifying information, without your permission, to commit fraud or other crimes. “Identity theft continues to top the Federal Trade Commission’s national ranking of consumer complaints, and American consumers […]