Sep 11, 2023 | IRS, Quarterly Taxes
Taxpayers who pay estimated tax are reminded that the deadline to submit their third quarter payment is September 15, 2023. Taxpayers not subject to withholding may need to make quarterly estimated tax payments. Taxpayers such as gig workers, sole proprietors,...
Dec 11, 2022 | Interest Rates
The Internal Revenue Service announced that interest rates will increase for the calendar quarter beginning January 1, 2023. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, up from 6% for the quarter that began on...
Aug 17, 2021 | IRS, Tax Credit
The Internal Revenue Service announced it is providing transition relief to certain employers claiming the Work Opportunity Tax Credit (WOTC). The WOTC is a federal income tax credit available to employers that hire certified members of certain groups specified in...