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…
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…
Most tax preparers have their hands full this time of year, with the due date for individual income tax returns and trusts less than a month away. Clients generally want…
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This tax season, you may find that clients have a lot of questions on cryptocurrency and how to treat virtual income on their tax return. If your client answered “yes”…
It is common knowledge that some things just can’t be done on a tax return, such as changing a filed and accepted Married Filing Jointly (MFJ) return to a Married…
