When disaster strikes, the government’s disaster-declaration process can help victims recover from financial losses. Governors in affected states submit a major disaster area request to the president through the Federal Emergency Management Agency (FEMA); if granted, one benefit victims receive is tax relief.… Read more about IRS Disaster Relief in 2022 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service estimates over 9 million people who failed to file a tax year 2021 return could qualify for tax credits. This is not the first time the IRS has notified non-filers that they could be eligible for tax credits: the agency alerted 9 million taxpayers about their potential eligibility for Economic Impact Payments in September 2020.… Read more about Non-Filers Can Still Benefit from Several 2021 Credits (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The Internal Revenue Service this week announced tax relief for victims of Hurricane Ian who reside or operate a business anywhere in North Carolina and South Carolina. Like relief granted to storm victims in Florida, the agency is delaying several federal filing and payment deadlines.… Read more about Storm Victims in North Carolina and South Carolina Get Tax Relief (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

While Monday, October 17 is the deadline to file tax returns for those who requested an extension earlier this year, some taxpayers may have additional time due to military service or disaster assistance. Additionally, the FBAR deadline has been extended for some due to natural disasters.… Read more about IRS Reminds Taxpayers of Disaster Extensions for Tax Returns and FBAR (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

We all know that identity thieves aren’t letting up in their efforts to steal your clients’ personal information so they can file fraudulent tax returns. If anything, they’re picking up the pace.… Read more about Know the Signs of Possible ID Theft (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

The US coastline is about to face the worst of the 2022 hurricane season, and many businesses within a day’s drive are taking steps to prepare. While weatherproofing buildings and fueling generators is important, for tax professionals, there are a few more simple steps to be sure your business is ready to weather the storm.… Read more about Prepare Now to Be Ready for Hurricane Season (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…