The Internal Revenue Service encourages taxpayers to take necessary actions to help file federal tax returns timely and accurately in 2021.
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Over 36 million people filed for unemployment this year in the wake of the Covid-19 pandemic. All unemployment benefits are considered taxable income.
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As of December 2020, the U.S. Small Business Administration continues to process loan forgiveness applications. If you have not already applied, you are urged to do so as soon as possible.
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Prior to the Covid-19 pandemic, Exact Tax, Inc. was working with our clients on completing their tax returns before the April 15th deadline. Tax season started on January 27th and with approximately 3 weeks away from the deadline, things suddenly changed.
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One year after the landmark decision in the South Dakota v Wayfair case, nonprofits are struggling to understand where obligations lie and the timeline to address them.
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Federal lawmakers enacted a $2 trillion economic stimulus package on March 27 that will sent most Americans checks of up to $1,200, as a way to put money directly in the pockets of families struggling to manage the economic fallout of the coronavirus pandemic.
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The Supreme Court’s June 21, 2018 decision in South Dakota v. Wayfair, Inc. to impose sales tax collection obligations on sellers without a physical presence in the state is causing uneasiness to business owners. This law is set to go into effect on April 1, 2019.
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The new W-4 form incorporates the changes introduced by the new tax law. What does this mean for you and me? The amount held back for taxes in each of our paychecks will be more accurate.
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The Information Technology environment is continuously evolving through integration of daily personal and business activities. Whether you are a one- person business, a retiree, or an Executive in charge of hundreds if not thousands of Information Technology (IT) resources, responsibility for securing your data and IT environment should be a top priority.
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Taxpayers who usually itemize deductions are being encouraged by the IRS to check their withholding to avoid tax surprises.
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It's April 17th, tax day, and the IRS is experiencing some techinical difficulties. Regardless of the IRS's internal issues, everyone still needs to file their returns.
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Exact Tax hosts its first series of tax seminars dedicated to educating you and your business of the changes that will effect you in 2018.
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WASHINGTON ― The Internal Revenue Service today announced that interest rates increased for the calendar quarter beginning April 1, 2018.
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Remember these important tax deadlines depending if you need to file individual and/or business taxes. Also, the required documentation is necessary as well.
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Many of you are probably still digesting the new tax changes and how it may affect you. It’s a lot of information to process but Exact Tax would like to highlight the changes that will affect most tax payers.
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