Tax News

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.…

Most people dread filing their taxes— but nearly everyone is hoping for a refund. The IRS was affected by the record 35-day government shutdown, though it said it would still work to process tax returns and provide refunds to filers on time. Now that the shutdown is over, at least…

The last year has seen one of the biggest changes to the tax code in recent history, leaving many filers (and some tax preparers) unsure of what to expect this year. Fortunately, most of the changes are quite specific and actually make it a little easier for most filers to…