The 2021 Tax Deadline Extension: Everything You Need to Know
In response to the Coronavirus (COVID-19) pandemic, the Treasury and IRS issued new instructions that call for a tax deadline extension, moving the customary April 15 deadline to May 17, 2021. Read more to learn about the relevant details and how they impact your situation. Read more…
Where’s My Second Stimulus Check?
As a part of the Coronavirus Response and Relief Supplemental Appropriations Act recently signed into law, the IRS announced that they have begun issuing a second round of stimulus payments to eligible tax filers. Here are answers to some of the top questions you may have about the second stimulus checks.
Read more…
Mississippi Storm Victims Tax Relief
As many as 14 tornadoes reportedly touched down in areas of Mississippi on December 23, 2015, accompanied by severe flooding and winds. As a result, in the first week of January, the Federal Emergency Management Agency (FEMA) declared parts of the state disaster areas. The IRS has extended tax deadlines for those affected by the disaster. Read more…
About Casualty Deduction for Federal Income Tax
You may be eligible to claim a casualty deduction for your property loss if you suffer property damage during the tax year as a result of a sudden, unexpected or unusual event. Read more…
Tax Relief for South Carolina Flood Victims
South Carolina was battered by some of the worst flooding the region has seen in history, submerging thousands of cars, flooding out entire towns and leaving a lot of residents in need of relief in 2015. After the Federal Emergency Management Agency (FEMA) declared a federal disaster area in 24 counties, the IRS determined individuals and businesses with an address in one of the affected counties, as well as relief workers, are eligible for special tax relief that includes deadline extensions and waivers for late fees, penalties and interest. Read more…
Get tax tips and tricks, from quick fixes to long term strategies.