Category Archives: IRS

IRS Extends California (and Alabama and Georgia) Disaster Areas to October 16th from May 15th

Posted on February 24, 2023 by Russ

The IRS announced today that most California taxpayers (most of the state is in a disaster zone from flooding in January) now have until October 16th to file any tax returns.  This also means that impacted taxpayers have until October … Continue reading →

Posted in Alabama, California, IRS | Tagged | Comments Off on IRS Extends California (and Alabama and Georgia) Disaster Areas to October 16th from May 15th

Good, Bad, and Ugly With the IRS

Posted on February 9, 2023 by Russ

This week I’ve had to call the IRS up for several different items.  There is good news, bad news, and some ugly news. The good news: In calling the Practitioner Priority Service (PPS), I’ve gotten through every time!  Twice, there … Continue reading →

Posted in IRS | Tagged , | Comments Off on Good, Bad, and Ugly With the IRS

Is It January 9th Yet?

Posted on January 20, 2023 by Russ

Last year, the IRS announced a new system for efiling 1099s (and other information returns) called IRIS.  This system would be available for both professionals and individuals (and businesses) to efile 1099s.  The system was supposed to be available on … Continue reading →

Posted in Information Returns, IRS | Tagged | Comments Off on Is It January 9th Yet?

Start Your 2023 Mileage Log

Posted on January 3, 2023 by Russ

I’m going to start the new year with a couple reposts of essential information. Yes, you do need to keep a mileage log: Tuesday will be the first business day of the new year for many. You may have resolved … Continue reading →

Posted in IRS | Tagged | Comments Off on Start Your 2023 Mileage Log

2023 Standard Mileage Rates

Posted on January 1, 2023 by Russ

The IRS announced on December 29th the standard mileage rates: $0.665/mile for business use (up from $0.635/mile as of July 1, 2022); $0.22/mile for medical/moving for active-duty members of the Armed Forces; and $0.14/mile in service of charitable organizations. These … Continue reading →

Posted in IRS | Tagged | Comments Off on 2023 Standard Mileage Rates

IRS Delays New $600 1099-K and Cryptocurrency Trading Reporting

Posted on December 23, 2022 by Russ

Two big announcements from the IRS today will have a major impact on 2022 tax returns (returns filed in 2023).  First, the IRS announced a delay in implementing the $600 reporting for third-party payment platforms (Form 1099-K).  Quoting from the … Continue reading →

Posted in Cryptocurrencies, IRS | Tagged | Comments Off on IRS Delays New $600 1099-K and Cryptocurrency Trading Reporting

IRS: Don’t Call Us, Don’t Write Us

Posted on December 8, 2022 by Russ

No, I’m not talking about my business: feel free to call or write us (but due to a water leak, our office is closed today, Thursday, December 8th–we’ll be in tomorrow).  Rather, I’m talking about calling the IRS and writing … Continue reading →

Posted in IRS | Tagged | Comments Off on IRS: Don’t Call Us, Don’t Write Us

If You Used IRS Direct Pay on October 20th Check Your Bank Records

Posted on October 29, 2022 by Russ

I love IRS Direct Pay.  It’s a simple method to make payments to the IRS for most (but not all) taxes individuals might have.  And it works…well, it works most of the time. I saw on Twitter the following: On … Continue reading →

Posted in IRS | Tagged | Comments Off on If You Used IRS Direct Pay on October 20th Check Your Bank Records

Hurricane Ian: IRS Extends Deadline for All Floridians to February 15

Posted on September 29, 2022 by Russ

The IRS announced today that because the state of Florida has been declared a disaster zone that tax deadlines for Floridians have been extended until February 15, 2023.  This includes the individual and C-Corporation extended deadline of October 17th, the … Continue reading →

Posted in Florida, IRS | Tagged | Comments Off on Hurricane Ian: IRS Extends Deadline for All Floridians to February 15

The Trouble With Identity Protection Verification Notices

Posted on September 16, 2022 by Russ

The IRS sends two types of Identity Protection Verification Letters: LTR 4883C and LTR 5071C.  If you receive a LTR 4883C, you must call the IRS’s Identity Protection unit so that your return is processed.  If you receive a LTR … Continue reading →

Posted in IRS | Tagged | Comments Off on The Trouble With Identity Protection Verification Notices