IRS News
IRS: Hurricane Ian victims in the Carolinas qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15 | Internal Revenue Service
Hurricane Ian victims throughout both North Carolina and South Carolina now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today. This is similar to relief announced last week for Ian victims in Florida.
irs.gov
IRS announces tax relief for victims of Hurricane Ian in Florida | Internal Revenue Service
Victims of Hurricane Ian that began September 23 in Florida now have until February 15, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
irs.gov
IRS advises that improperly forgiven Paycheck Protection Program loans are taxable | Internal Revenue Service
The Internal Revenue Service recently issued guidance addressing improper forgiveness of a Paycheck Protection Program loan (PPP loan).
irs.gov
Tax News
Wildfire Settlements Are Now Tax Free In California & Taxed By IRS
California has passed two laws to shield certain wildfire victims from state tax on their legal settlements in wildfire cases. One law applies to PG&E recoveries, the other to Edison suits. Both bills provide needed tax relief, but the IRS still treats lawsuit settlements as taxable.
forbes.com
IRS issues tax relief for Floridians following Hurricane Ian’s devastation
The Internal Revenue Service announced Thursday that taxpayers affected by Hurricane Ian are eligible to receive tax relief following the recent disaster declaration issued by the Federal Emergency Management Agency.
news4jax.com
How to go easier on staff during busy season
Many firms across the country have begun to abolish requirements for high-hour workweeks during busy season. Here’s how they are doing it.
journalofaccountancy.com
From The Desk of Keith L. Jones, CPA
IRS INSTALLMENT AGREEMENT or IRS TAX PAYMENT PLAN
If you need more time to pay your tax bill, an IRS payment plan is available which allows you to pay back your overdue tax bill as installments.
keithjonescpa.com