During tax season, gathering all your forms is important because the IRS also gets copies. Leave anything out and you may get a deficiency notice. Tip Category: Planning Your mailbox has started filling up with tax forms over the last several weeks and there are likely more to come. Getting your forms organized makes your …
Month: January 2023
Reasons to File Early
When it makes sense to file a tax return as soon as you can Tip Category: Miscellaneous The 2022 tax filing season officially begins when the IRS starts accepting tax returns in late January and early February. There are many reasons to consider filing your tax return as soon as the IRS begins accepting returns. …
2023 Mileage Rates are Here!
New mileage rates announced by the IRS Category: What's New Mileage rates for travel are now set for 2023. The standard business mileage rate increases by 3 cents to 65.5 cents per mile. The medical and moving mileage rates stay at 22 cents per mile. Charitable mileage rates remain unchanged at 14 cents per mile. …
Reminder: Fourth Quarter Estimated Taxes Now Due
Now is the time to make your estimated tax payment Reminder: Q4 estimated tax payment is due Tuesday, January 17, 2023. Tip Category: Miscellaneous If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The 4th quarter due date …
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January Client Update Newsletter
New year. New tax return. Reduce the headache with these great organizational tips. Plus some great alternatives to New Year's resolutions are presented for your consideration. It's tax time! In the next couple of weeks you will be inundated with W-2s and various informational tax forms like 1099s. By paying attention to them, ensuring their …
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