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Oct. 16, 2023, is Deadline for Millions Who Filed Tax Extensions; But Many Get More Time Due to Disasters

CPA Practice

Taxpayers affected by recent natural disasters including those impacted by the recent Maui fires and hurricane Idalia in parts of Florida, South Carolina and Georgia. Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. This list continues to be updated regularly. Pay by card.

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Oct. 16, 2023, is Deadline for Taxpayers with an Extension

CPA Practice

Taxpayers affected by recent natural disasters including those impacted by the recent Maui fires and hurricane Idalia in parts of Florida, South Carolina and Georgia. Those in the counties of Maui, Hawaii, and many counties in Florida, South Carolina and Georgia have until Feb. This list continues to be updated regularly. Pay by card.

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IRS Extends Tax Deadline in Three States to Oct. 16 for Taxpayers Impacted By Disasters

CPA Practice

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 to make 2022 contributions to their IRAs and health savings accounts. 31, April 30, and July 31.

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IRS Extends Tax Deadline in Three States to Oct. 16 for Taxpayers Impacted By Disasters

CPA Practice

Disaster-area taxpayers in most of California and parts of Alabama and Georgia now have until Oct. 16 to file various federal individual and business tax returns and make tax payments, the IRS said on Feb. 16 to make 2022 contributions to their IRAs and health savings accounts. 31, April 30, and July 31.

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How to Get Small Business Tax Credits & Incentives

LyfeAccounting

See, what most people don’t understand is that the government uses the tax code to motivate people to take actions related to their economic agenda. Yes, even many accountants I know aren’t aware of the tax incentives that small and large businesses are taking advantage of to DRAMATICALLY reduce their tax liability.

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A Refresher on the Types of Small Business Legal Structures, and Their Benefits

CPA Practice

Partnerships Business taxes are passed through to partners like in a sole proprietorship since there is no legal separation between the owners and the company. The IRS equally taxes all partners who share legal and debt responsibilities. The difference is the protection from personal liability for the business’s debts.

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Lodging Tax Insanity — So Many Ways to Tax Accommodations

CPA Practice

States typically take one of five different approaches to taxing accommodations: A single, statewide tax on accommodations but no additional local taxes (e.g., Connecticut, Maine, New Hampshire) A combined state/local sales tax on accommodations and local jurisdictions can impose an additional local accommodations tax (e.g.,

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