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Filing and Payment Deadlines: Questions and Answers Navigating the complexities of tax filing and payment deadlines is crucial for both individuals and businesses. Meeting these deadlines ensures compliance with tax regulations and helps avoid unnecessary penalties. However, many taxpayers find these deadlines overwhelming due to their varying nature and the…

Tens of millions of Americans will get tax refunds when they file their 2019 tax returns, and given that the average one was over $2,800 last year, it’s understandable why people might want to get their money as quickly as possible. Unfortunately, you can’t simply file your tax return in…

The Internal Revenue Service has issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks)…

The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, Jan. 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns. The deadline to file 2019 tax returns and pay any tax owed is Wednesday, April…

U.S. Senate Finance Committee Chair Chuck Grassley (R-IA) and Senator Ron Wyden (D-OR) have introduced legislation aimed at improving experiences for taxpayers. The bill, referred to as the Taxpayer First Act of 2019, is intended to modernize the Internal Revenue Service (IRS) and strengthen taxpayer protections. Here’s a quick peek at…

The IRS once again is making it easier on taxpayers facing unexpected penalties following implementation of the Tax Cuts and Jobs Act. Individuals who failed to pay a certain percentage of their federal tax bill throughout the year are subject to an underpayment penalty when they file. On Friday, the…

How to Get a Bigger Tax Refund: Key Strategies and Expert Tips A bigger tax refund is possible with the right approach and strategy. While tax laws are often complex and constantly evolving, there are effective ways to ensure you’re maximizing your refund each year. Whether it’s adjusting your withholding,…

Benefits of a Tax Preparer Network: Nexus United Are you an independent tax preparer aiming to expand your business, tap into new revenue streams, and provide a professional level of service comparable to national tax preparation firms? Joining a tax preparer network like Nexus United could be the perfect strategy.…