by Naveed Lodhi | Apr 22, 2023 | IRS & Government
WASHINGTON — The Internal Revenue Service today announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38 provides details about these annual adjustments....
by Naveed Lodhi | Apr 20, 2023 | Tax Tips & Planning
Scared you’ll overlook a form or miss a deduction? Mistakes happen! Did you forget something? Need to make a change? That’s why Amended Return Insurance is so critical. For just $9.95 we’ll let you correct your tax return if you notice a mistake after you’ve filed....
by Naveed Lodhi | Apr 16, 2023 | Tax Tips & Planning
Unemployment can be stressful enough without having to figure out the tax treatment of the unemployment benefits you receive. The IRS considers unemployment benefits taxable income. Unemployment compensation generally includes, among other forms, state unemployment...
by Naveed Lodhi | Apr 8, 2023 | Tax Tips & Planning
The tax deadline is April 18th which means it’s now crunch time for last-minute filers. Here are some things to keep in mind as you prepare for Tax Day. Claim your tax refund Most people who file a tax return get a refund, so what are you waiting for? E-file now...
by Naveed Lodhi | Apr 8, 2023 | Tax Tips & Planning
Did you notice a mistake on your taxes after you filed? Depending on your situation, you may have to amend your return. Don’t worry about math errors, the IRS will automatically correct those kinds of mistakes. Filing an amendment is only necessary if you need to...