IRS Clarifies Method for Disaster Victims in 9 States to Request Additional Filing Extension (04/07/2025)
The IRS reminded disaster victims in nine states that their 2024 tax filing and payment deadlines are automatically extended until …
IRS Reminds Farmers and Fishers in Disaster Areas of Extended Tax Deadline
While the March 3, 2025, deadline has passed for certain farmers and fishers to file their 2024 federal income tax …
Protect disaster victims’ refunds from getting caught in the Lookback Trap
Mary Lundstedt December 23, 2024 In the wake of a devastating hurricane season, tax practitioners can help those clients affected …
Hawaii Wildfire Victims Provided with Disaster Tax Relief
The IRS has provided expansive tax relief for wildfire victims in Maui and Hawaii counties. Taxpayers who reside or have …
IRS Provides Disaster Relief for Tornado Victims in Illinois and Tennessee
The IRS has provided disaster relief for victims of the storms, tornadoes and flooding that took place starting on Dec. …
IRS Provides Guidance on Tax Treatment and Information Reporting of HAF Payments
The IRS has provided guidance on the federal tax treatment and information reporting requirements for payments made to, or on …
IRS Again Updates 2020 Form 3468, Investment Credit
The IRS has again updated the 2020 Form 3468, Investment Credit. The new updates reflect the changes made to the …
IRS Provides Guidance for Employers Claiming the Employee Retention Credit for 2020
In a Notice, IRS has provided guidance for employers claiming the Employee Retention Credit (ERC) for 2020. The Notice includes …
IRS Announces Tax Relief for Texas Severe Winter Storm Victims
Texas victims of winter storms that began February 11, 2021, now have until June 15, 2021, to file various individual …
More Disaster Victims in Louisiana Qualify for Tax Relief
Victims of Hurricane Laura that took place in parishes of Louisiana have more time to make tax payments and file …