IRS Updates Tax Gap Projections

Oct 16, 2023 | IRS, Tax Adjustment

Projected Annual Gap Rises to $688 Billion The IRS released new tax gap projections for tax years 2020 and 2021 showing the projected gross tax gap increased to $688 billion in tax year 2021, a significant jump from previous estimates. The new estimate reflects a rise...

Claim $1.5 Billion In IRS Refunds

Apr 14, 2023 | IRS

Time’s Running Out – July 17th Deadline The Internal Revenue Service announced that nearly 1.5 million people across the nation have unclaimed refunds for tax year 2019 but face a July 17 deadline to submit their tax return. The IRS estimates almost $1.5...

Disaster Relief For Ian Victims In Carolinas

Oct 10, 2022 | disaster relief, IRS

October 17 Tax Deadline Hurricane Ian victims throughout both North Carolina and South Carolina now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today. This is...

Ways to Avoid Panic During Tax Season

Jan 7, 2022 | Blog

Tax Season Don’t be caught with your pants around your ankles on tax season. Save yourself headaches and stress by planning for success. Expecting the best and knowing the worst will keep you mindful during the tax season; no catastrophes required. Here is a...

Get Ready For 2022 Taxes

Dec 7, 2021 | IRS, tax season

2022 Taxes The Internal Revenue Service encouraged taxpayers to take important actions this month to help them file their federal tax returns in 2022, including special steps related to Economic Impact Payments and advance Child Tax Credit payments. Check on advance...