This week’s Tax School blog reviews how a taxpayer’s activity is viewed by the IRS when it comes to house flipping – purchasing a property, fixing it up, and selling…
The April 18 deadline for 2021 individual income tax returns passed two weeks ago, but another deadline looms just two weeks from today. If you prepare returns for exempt organizations,…
In this week’s blog, Tom O’Saben reflects on 2021 Tax Season and highlights key takeaways – such as people with investments need later appointments and tax practioners need to communicate…
It’s April 18, 2022, tax filing deadline, and all those who prepare taxes for clients have been hard at work. So let’s do a little triage and review what absolutely…
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According to the IRS, there is $1.5 billion in unclaimed refunds for 2018 that will become the property of the United States government after April 18. At that time, 2018…
Nearly 90% of taxpayers today cannot itemize their deductions when filing their federal tax returns. But, thanks to recent legislation, taxpayers who can’t itemize but made charitable donations can increase…