Victims of this week’s tornadoes and severe storms in parts of Tennessee, including Nashville, will have until July 15, 2020 (instead of April 15), to file various individual and business tax returns and make tax payments.
While the majority of tax refunds are issued within 21 days, some may take longer. Just as each tax return is unique and individual, so is each taxpayer's refund. There are a few things taxpayers should keep in mind if they are waiting on their refund ...
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Although a majority of U.S. adults (74%) opt for direct deposit when receiving tax refunds, more Millennials (17%) and Gen Xers (17%) prefer to receive a check in the mail compared with Baby Boomers (14%), per new research from ACI Worldwide ...
Bloomberg Tax & Accounting has announced the availability of Tax Season Watch, which features useful tax filing and payment resources, including news and commentary, access to primary sources, tax forms and instructions, best practices related to ...
The new Portfolio analyzes active credits and common credit attributes and mechanics, while also going beyond tax credits to non-credit and even non-tax incentives that states and the federal government use to encourage investment and influence public ...
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
Virtual currency transactions are becoming increasingly popular; however, they add a new layer of complexity to the analysis of taxpayers’ reporting requirements. The issuance of additional guidance would provide certainty and clarity to tax preparers and