How does the IRS apply payments?
Information on how the IRS applies payments towards tax liability The IRS will apply any undesignated payments or payments made through collection specification/resolution (i.e. levy,
September 20, 2022
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How to make an Individual Estimated Tax Payment
Explanation on Estimated Payment requirement and how to make it The Internal Revenue Service requires for certain individual taxpayers to make Estimated Tax Payments. Estimated
September 13, 2022
What does “Current and Compliant” mean?
Definition for the terms “Current and Compliant” in reference to tax liability Very simply, the term “Current and Compliant” means a taxpayer is: Current with
August 23, 2022
How to Make a Payment to the IRS
Instructions for making payments to the IRS The IRS provides multiple options to make a payment. Listed below are options and link to IRS instructions
August 16, 2022
Rare Mid-Year Mileage Rate Increase by the IRS
For the first time since 2011, the IRS announced a rare mid-year increase in the optional standard mileage rate. Usually, the IRS only updates the
June 14, 2022
IRS Payroll Tax Holiday
President Trump’s newly-signed Executive Order is aimed at helping employees keep more money in their pockets, but there have been a lot of questions on
September 9, 2020
Guide to Help Settle Back Taxes by Filing Late Tax Returns
If you haven’t filed your taxes for several years, the possibility of huge headaches and bigger penalties might scare you from ever taking care of
October 22, 2015
Filing season 2014 begins with more returns filed
The IRS today announced that tax filings in 2014 have outpaced filings for the same time last year. As of Feb. 7, the IRS received
March 10, 2014
IRS operations during the lapse in appropriations
Due to the current lapse in appropriations, IRS operations are limited. However, the underlying tax law remains in effect, and all taxpayers should continue to
October 1, 2013
With shutdown, taxes still due but you can’t ask IRS for help
It’s official. After Congress failed to reach an agreement, the federal government has shut down. With any luck, it will be quick and painless. But
October 1, 2013
IRS providing tax relief to individual and business taxpayers impacted by severe storms, flooding, in colorado
The IRS announced today that certain taxpayers in the counties of Adams, Boulder, Larimer and Weld will receive tax relief, and other locations may be
September 17, 2013
IRS has $917 million for people who have not filed a 2009 income tax return
IR-2013-29, March 14, 2013 WASHINGTON — Refunds totaling just over $917 million may be waiting for an estimated 984,400 taxpayers who did not file a
March 14, 2013