Remove income tax Remove Information Remove online accounting Remove tax preparation
article thumbnail

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

CPA Practice

Taxpayers potentially affected by recent storms should visit the disaster relief page on IRS.gov for the latest information. They typically have 180 days after they leave the combat zone to file returns and pay any taxes due. IRS Free File and other online resources IRS Free File is available through Oct. IRS Direct Pay.

article thumbnail

IRS Starts Accepting Returns and Extends Hours at Tax Assistance Centers

CPA Practice

, taxpayers will see clearer and more detailed updates, including whether the IRS needs them to respond to a letter requesting additional information. The IRS plans to continue expanding the information available on Where’s My Refund? Taxpayers will also see other improvements this tax season, including: Phone service.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

CPA Practice

Taxpayers potentially affected by recent storms should visit the disaster relief page on IRS.gov for the latest information. They typically have 180 days after they leave the combat zone to file returns and pay any taxes due. It’s available to any person or family with an adjusted gross income (AGI) of $73,000 or less in 2022.

article thumbnail

Tax Season to Start January 29, 2024

CPA Practice

However, the tool provides limited information, often leading taxpayers to call the IRS to inquire about their refund status. With the improvements, taxpayers will see clearer and more detailed updates, including whether the IRS needs them to respond to a letter requesting additional information. Improvements to the Where’s My Refund?

Tax 133
article thumbnail

How Long Does It Take an Accountant to Do Taxes?

xendoo

How Much Time Does it Take an Accountant to Prepare Taxes? The time it takes an accountant to do taxes depends on the complexity of your return and how quickly you make your tax information and necessary documents available to them. . It is better to plan ahead before the tax filing deadline.

Tax 94
article thumbnail

The Best Tech for Accounting Firms: CPAs Voted for Readers Choice Tech Awards

CPA Practice

At the same time, the nearly universal adoption of cloud-based accounting, payroll and management systems by businesses has made it easier for firms to work with clients in real time, providing rapid response to issues, as well as access to live data and account information. Now, on to the results!

article thumbnail

Today’s The Day! 2022 Tax Filing Season Begins

Nancy McClelland, LLC

Earned Income Tax Credit or Additional Child Tax Credit refunds: Taxpayers may file their returns beginning Jan. 23, but the IRS cannot issue refunds involving the Earned Income Tax Credit or Additional Child Tax Credit before mid-February. “Where’s My Refund?