News & Articles

IRS Extends the Tax Filing and Paying Deadline for Individuals

Posted on Fri, Mar 19, 2021

The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021.

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Tags: Individual Taxes, IRS, Tax Deadline

6 Last-Chance Tax Breaks: Do You Qualify?

Posted on Mon, Jan 29, 2018

The new Tax Cuts and Jobs Act (TCJA) significantly changes some parts of the tax code that relate to personal tax returns. In addition to lowering most of the tax rates and increasing the standard deduction, the TCJA repeals, suspends or modifies some valuable tax deductions. As a result, millions of Americans who have itemized deductions in the past are expected to claim the standard deduction for 2018 through 2025.

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Tags: Michigan State and Local Tax (SALT), Individual Taxes, Expenses, Taxpayers Claim a Theft Loss, Tax Cuts and Jobs Act (TCJA)

Maximize the Tax Deductions Available for Your Generosity

Posted on Mon, Oct 23, 2017

The reporting requirements for claiming charitable contributions of cash on your tax return can be strict. If you don't follow them, your deductions may be disallowed by the IRS. You should also be aware that stringent rules also apply to donations of non-cash property.

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Tags: Individual Taxes, Gifts, Deductions, Charitable Donations

How to Handle IRS Notices

Posted on Sat, May 17, 2014

Is this your situation? Just when you thought tax season was over, you receive a notice from the IRS. Don't panic -- you're not alone. The IRS sends millions of notices and letters out each year. Many are computer-generated, because these days, the IRS relies less on employees to get directly involved in issues including collections. Many state and local governments are following suit and sending out more notices to taxpayers.

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Tags: Tax, EHTC Article, Individual Taxes, Filing Taxes, CP2000, IRS Audits, Notices, Tax Documents, IRS Notices, IRS, Articles, Tax Return