by MTS Tax Preparation, Planning, and Financial Literacy | Nov 3, 2022 | Tax Tips and News
Victims receive extended deadlines, deferred taxes, and more When disaster strikes, the government’s disaster-declaration process can help victims recover from financial losses. Governors in affected states submit a major disaster area request to the president through...
by MTS Tax Preparation, Planning, and Financial Literacy | Oct 27, 2022 | Tax Tips and News
The IRS is spreading the word The Internal Revenue Service estimates over 9 million people who failed to file a tax year 2021 return could qualify for tax credits. This is not the first time the IRS has notified non-filers that they could be eligible for tax credits:...
by MTS Tax Preparation, Planning, and Financial Literacy | Oct 15, 2022 | Tax Tips and News
New filing deadlines for more Hurricane Ian victims The Internal Revenue Service this week announced tax relief for victims of Hurricane Ian who reside or operate a business anywhere in North Carolina and South Carolina. Like relief granted to storm victims in...
by MTS Tax Preparation, Planning, and Financial Literacy | Oct 15, 2022 | Tax Tips and News
While Monday, October 17 is the deadline to file tax returns for those who requested an extension earlier this year, some taxpayers may have additional time due to military service or disaster assistance. Additionally, the FBAR deadline has been extended for some due...
by MTS Tax Preparation, Planning, and Financial Literacy | Oct 4, 2022 | Tax Tips and News
Identity theft. Just the mere mention of this mayhem masquerade is enough to make the blood of tax professionals everywhere run cold. As keepers of our clients’ most precious information, we are at once the target to identity thieves, and the solution for our...
by MTS Tax Preparation, Planning, and Financial Literacy | Oct 4, 2022 | Tax Tips and News
IRS extends tax deadlines and lifts dyed diesel fuel penalties for Hurricane Ian victims in Florida. Hurricane Ian slammed into the Florida coast last week, leaving a trail of destruction that resulted in more than a million without power and 81 confirmed dead. The...
