by Madelyne Cromwell | Jul 15, 2019 | Franchise Tax Board
July 12, 2019 Franchise Tax Board Late Arrival of Some June Payments Due to a significant delay at the Post Office, some June payments arrived via mail up to a month late at the Franchise Tax Board. However, these payments will be posted with a timely date of June 15,...
by Madelyne Cromwell | Jul 11, 2019 | Events
IR-2019-124, July 10, 2019 WASHINGTON — Buying a home? Working a summer job? Volunteering? Activities that are common in the summer often qualify for tax credits or deductions. And, while summertime and part-time workers may not earn enough to owe federal income tax,...
by Madelyne Cromwell | Jan 16, 2019 | Penalty Waiver, Withholding Changes
IR-2019-03, January 16, 2019 WASHINGTON — The Internal Revenue Service announced today that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the...
by Madelyne Cromwell | Jan 8, 2019 | Events
IR-2019-01, January 7, 2019 WASHINGTON ― Despite the government shutdown, the Internal Revenue Service today confirmed that it will process tax returns beginning January 28, 2019 and provide refunds to taxpayers as scheduled. “We are committed to ensuring that...
by Madelyne Cromwell | Dec 11, 2018 | Qualified Opportunity Fund
IRS Tax Reform Tax Tip 2018-191: Tax reform creates opportunity zone tax incentive Qualified Opportunity Zones were created by the 2017 Tax Cuts and Jobs Act. These zones are designed to spur economic development and job creation in distressed communities throughout...
