by Patricia Parrilla Tax Services | Mar 16, 2020 | Tax Tips and News
With the United States beginning to feel the effects of the coronavirus pandemic, many taxpayers will have to confront another harsh reality: how to pay for the advanced medical care that could be needed to save their lives. Some help on that front comes from an IRS...
by Patricia Parrilla Tax Services | Mar 13, 2020 | Tax Tips and News
IRS Direct Pay can help taxpayers avoid an estimated tax penalty. If any of your clients make two thirds of their gross income from farming or fishing, they may need to file a Form 1040 and pay tax due on Monday. Affected taxpayers who miss the deadline could owe an...
by Patricia Parrilla Tax Services | Mar 13, 2020 | Tax Tips and News
The federal office tasked with overseeing the Internal Revenue Service says fraudulent claims for refundable credits are going through – in spite of the tools Congress gave the agency to stop them. The Treasury Inspector General for Tax Administration – also known as...
by Patricia Parrilla Tax Services | Mar 13, 2020 | Tax Tips and News
The IRS is continuing its taxpayer-education outreach by highlighting the credit for other dependents (ODC) in a recent press release. The agency says this credit could be a boon for taxpayers with dependents who don’t meet the requirements for the Child Tax Credit...
by Patricia Parrilla Tax Services | Mar 13, 2020 | Tax Tips and News
Victims of the recent tornadoes that swept through Tennessee have gotten some tax relief from the Internal Revenue Service. Taxpayers in the storm-wrecked areas will have until July 15 to file various individual and business tax returns—and to make their tax payments....
Patricia Parrilla Tax Services