Uncategorized The National Taxpayer Advocate’s annual report to Congress highlights these continuing IRS problems 18 Jan 202213 Jan 2022 Extraordinary processing and refund delays for tens of millions of taxpayersRecruitment, hiring, and training issues negatively affect all aspects of the agency's operations.Telephone and in-person service has declined considerably during…
Uncategorized New and Unusual Sales Tax Holidays 14 Jan 202213 Jan 2022 (This content from www.avalara.com.) Approximately 17 states typically offer one or more salestax holidays each year. Sales tax holidays allow consumersto purchase certain products, exempt from sales tax fora specific…
Uncategorized Additional documentation needed for your 2021 tax return preparation in 2022. 7 Jan 20225 Jan 2022 Be on the lookout for these mailings from the IRS to your household: IRS letter 6419, to households with dependent children, regarding the Advance Child Tax Credit monthly payments made…
Uncategorized 2022 Tax Season Filing Advice for Taxpayers with Children 4 Jan 202226 Dec 2021 During the most recent tax filing season, over 10 million tax returns were held for manual processing causing an enormous IRS backlog and delayed refunds, due to incorrect reporting of…
Uncategorized 2022 Federal Holidays 28 Dec 2021 December 31, 2021—New Year's Day 2022 (observed)February 21—Washington's BirthdayApril 15 * —District of Columbia Emancipation Day (observed) *May 30—Memorial DayJune 20—Juneteenth National Independence Day (observed)July 4—Independence DaySeptember 5—Labor DayOctober 10—Columbus…
Uncategorized 2022 Standard Mileage Rates 18 Dec 2021 Business Miles … 58.5 cents per mile (up 2.5 cents from prior year)Medical miles …. 18.0 cents per mile (up 2.0 cents from prior year)Moving miles ….. 18.0 cents per…
Uncategorized Tax Breaks Underwrite the Enjoyment of our Richest Citizens 9 Dec 2021 Nonprofit ProPublica "has identified a special class of superrich taxpayers who amass tax deductions to such an extent that they can avoid income taxes for years on end. Many of…
Uncategorized Do you need to adjust your tax withholding at your job? 19 Oct 202113 Oct 2021 Why? Because withholding may be too much.Ifyou traditionally receive a large refund, re-think whether you want the government to have your money, interest free, for twele months. Additionally, consider that…
Kenneth Athon Tax Strategies 