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Irene is dedicated helping her clients keep their financial lives organized, use their numbers to make better financial decisions, and save money on taxes through proactive tax planning. She is also experienced in cryptocurrency taxation including taxpreparation and problem resolution. Irene graduated with a B.S.
According to the IRS, Arizona, California, Massachusetts, and New York have decided to work with the agency to integrate their state taxes into the Direct File pilot program for the 2024 filing season. Supporters of the idea have said the option would make taxreturn services more equitable and accessible for all Americans.
The IRS has announced that it will start accepting and processing taxreturns on Monday, Jan. million individual taxreturns to be filed by the April 15, 2024, tax deadline. Although the IRS will not officially begin accepting and processing taxreturns until Jan. The agency expects more than 128.7
It’s back to regular IRS deadlines this year, but with a new tool for many low- and moderate-income households: a service that will prepare and file their taxreturns online for free. That sort of virtual hand-holding is similar to what you’d get by using commercial taxpreparation software.
Most people are aware that we are in tax filing season with individual returns due April 15th (or April 17th for those living in Maine and Massachusetts). CPAs, EAs, and professional taxpreparers see many clients this time of year and they are obviously busy with this work. This process works!
The Internal Revenue Service opened the 2024 tax season on January 29, 2024, accepting and processing federal individual taxreturns, and announcing that it expects more than 146 million individual taxreturns for 2023 to be filed this filing season. Another option is the Direct File pilot program.
By Jean Ross, InsideSources.com (TNS) If there’s one thing we should be able to agree upon, it’s that everyone should pay the taxes they owe without having to pay for the privilege of doing so. This year, for the first time, residents of 12 states who file simple taxreturns can file online for free using the IRS’s new Direct File portal.
After several weeks of testing , the IRS said on Tuesday that eligible taxpayers in 12 states can now use its new Direct File service to submit their taxreturns online for free directly with the agency. This includes 5.2 million in California, 3.8 million in Texas, 2.8 million in New York, 2.4 million in Florida, and 1.1
Tax ERC abuse brings renewed push for regulation of paid taxpreparers [ Journal of Accountancy ] buse of the employee retention credit (ERC) by aggressive promoters who make questionable promises has pushed Treasury to renew the call for the regulation of paid taxreturnpreparers, an action that has the AICPA’s support.
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