The IRS recently released its 2024 Data Book, offering a detailed look at federal tax activity. It covers everything from collections and audits to refunds and compliance enforcement. In short, it highlights how the IRS is operating post-pandemic—and what that means for taxpayers like you. According to the IRS Newsroom summary, enforcement activity has ramped […]
IRS Tax Compliance Trends 2024: What Taxpayers Need to Know Read More »
As we inch closer to the April 15 tax deadline, a lot of people are feeling that familiar pressure — digging through files, stressing over numbers, and maybe even procrastinating a little more than they should. Sound familiar? If you’ve found yourself thinking, “What if I just skip it this year?” — take a deep
What Happens If You Don’t File Your Taxes? (And What to Do If You’re Behind) Read More »
In a significant development, the Financial Crimes Enforcement Network (FinCEN) has introduced an interim final rule that effectively eliminates the Beneficial Ownership Information (BOI) reporting requirements for domestic companies and U.S. persons. This move, aligned with the Corporate Transparency Act (CTA), marks a pivotal shift in the regulatory landscape for businesses across the nation. 🔍
BOI Reporting Requirements: A Game-Changer for Domestic Companies and U.S. Persons Read More »
It’s that time of year again—when W-2s and 1099s magically appear in your mailbox and the thought of “filing taxes” starts creeping into your daily to-do list. But don’t worry—this doesn’t have to be a nail-biter. With a little early prep and a few pro tips, you can breeze through tax season like a boss.
Title: 2025 Tax Season Readiness: Tips to Stay Ahead and Stress-Free Read More »
Happy Holidays from NATP May you have a joyful and safe holiday season and prosperity in the New Year. To allow staff time to enjoy the holiday season, the National office will be closed Tuesday, Dec. 24, and Wednesday, Dec. 25.We’ll be open on New Year’s Eve from 8:00 a.m. – 5:00 p.m. CT for
2024 Holiday Season Update Read More »
Aside from expecting the new year, U.S. taxpayers should also expect a smaller tax refund, which they also call a tax refund shock, after filing their 2022 tax returns. This is because a lot of the pandemic benefits were created to help Americans during the time of the pandemic, which has now expired. However, the
Taxpayers Might Experience “Refund Shock” Read More »
Nobody wants to deal with tax refund fraud or identity theft, let alone having to deal with IRS representation in Des Moines, IA, and elsewhere. Identity theft has become a major issue in recent years, with fraudsters using fake identities to file false tax returns and claim refunds before the rightful owners can. This can
IRS: Securing Your IP PIN Read More »
Today is normally the day when those who haven’t filed their taxes yet have a panic attack. In case you haven’t heard, you can rest easy! Due to the ongoing COVID-19 pandemic, the tax filing deadline has been extended until May 17. That means there’s still time for you to file if you haven’t already!
still time to File! Read More »
Issue Number: Special Edition Inside This Issue 1. Payment Deadline Extended to July 15, 2020 The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who are owed a refund to file
Covid-19 | IRS Payment Deadline Extension Details Read More »
While there are still some strategies you can employ to decrease your tax liability for 2019, it’s a good idea to start thinking about 2020 in advance so you can benefit from year-long savings strategies. Here are just a few steps you can take if you’re interested in reducing your tax liability for the next
Tax Saving Ideas for 2020 Read More »
