Sun.Apr 04, 2021

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Tax Season 2021 NEW Update: Important Deadlines to Remember

LyfeAccounting

So a lot of people already know the personal tax deadline has been extended from April 15 to May 17, 2021, due to some major IRS delays. So basically people are getting an extra 30 days to file their personal tax return. However, there are still some important tax deadlines that are in place that you need to know about especially if you’re self-employed or you’re a small business owner.

Tax 52
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Tax Carryovers: Do Statutes of Limitations Force You to Live with Your Mistakes?

CTP

We have previously discussed the statute of limitations regarding tax audits when the taxpayer applies a net operating loss (NOL) to a year that is before or after the year that the loss occurred. Although the IRS may not audit a taxpayer three years beyond the return, when a taxpayer applies a net operating loss, the […]. The post Tax Carryovers: Do Statutes of Limitations Force You to Live with Your Mistakes?

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