The US Supreme Court has ruled that the Internal Revenue Service (IRS) can access bank records of a taxpayer’s relatives or associates without notice to help with tax collection efforts under an existing statute. The IRS can probe financial records to aid in the collection of a taxpayer’s debt without notifying the taxpayer or third […]
The Mississippi Supreme Court vacated a sales tax assessment levied on a photography business Thursday, finding its wedding photography services were not subject to sales tax. The unanimous decision affirmed the March 24, 2021 decision of the Chancery Court of Lafayette County, Mississippi based on trial proceedings that took place on November 3, 2020. Advocating […]
If you haven’t filed your tax returns for 2019 and 2020, the IRS will waive 2 YEARS of failure to file penalties. The catch – you must file the returns by SEPTEMBER 30, 2022. If you have filed, but filed late, any failure to file penalties paid will be automatically refunded. Note: this relief does […]
Source: https://www.al.com/news/2022/01/no-april-15th-tax-filing-deadline-changed-for-2022.html
On Tuesday, the IRS encouraged taxpayers to get a head start on preparing their returns — especially those who may need to take action regarding economic impact payments as well as the advance child tax credits. Economic impact payments. The final round of federal stimulus checks began going out in March, but some who were […]
Source: https://humbledollar.com/2021/07/courtside-seat-iii/