IRS Sets April 18 as Tax Deadline
The IRS recently announced that taxpayers will have until April 18, 2022, to file and pay income taxes or to request an automatic six-month extension.
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IRS Revises Form 1024 to Allow Electronic Filing
As part of ongoing efforts to improve service for the tax-exempt community, the IRS has revised Form 1024, Application for Recognition of Exemption Under Section 501(a) or Section 521 of the Internal Revenue Code, to allow electronic filing.
View MoreReminder: Deferred Social Security Tax Payment Due Jan. 3 for Many Employers and Self-Employed
The IRS is reminding employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on Jan. 3, 2022.
View MoreTennessee Department of Revenue Extends Franchise and Excise Tax Deadline for December Storm Victims
The Tennessee Department of Revenue recently issued Important Notice #21-19, extending the franchise and excise tax filing and payment deadlines to May 16, 2022, for those affected by the December tornadoes, storms and flooding.
View MoreStandard Mileage Rates to Increase in 2022
The IRS recently issued Notice 2022-03, which increases the rate by which taxpayers may compute their deductions for costs of using an automobile for business purposes for the 2022 tax year.
View MoreIRS Extends 2021 Tax-Filing Deadline, Other Deadlines to May 16 for Tennessee Tornado Victims
The IRS recently announced that victims of this month’s tornadoes and storms in Tennessee will have until May 16, 2022, to file various individual and business tax returns and make tax payments.
View MoreIRS Issues Guidance Regarding the Retroactive Termination of the Employee Retention Credit
The IRS recently issued guidance for employers regarding the retroactive termination of the Employee Retention Credit.
View MoreVolunteers Needed for VITA Free Tax Prep Program
Filing your taxes can be daunting—especially for low- to moderate-income individuals. Too many of our neighbors are paying hundreds of dollars in filing fees and aren’t accessing important tax credits they deserve.
View MoreIRS Extends Electronic Signatures on Tax Forms Through Oct. 31, 2023
The IRS recently released Memos NHQ-10-1121-0005 and NHQ-01-1121-0004, which extend the ability to electronically sign a number of different tax forms and compliance documents through Oct. 31, 2023.
View MoreBuild Back Better Act Includes Many Tax Provisions
The U.S. House of Representatives recently passed H.R. 5376, the Build Back Better Act, which includes a wide variety of budget and spending provisions, including many tax provisions.
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