FL - Guidance issued on catastrophic event property damage
Florida provides guidance on catastrophic event property damage for property tax purposes. Topics discussed include the payment of property taxes, […]
Read MoreThe IRS has provided special tips to taxpayers for the advance Child Tax Credit and filing the 2021 tax return. The U.S. Department of the Treasury and the White House have also announced the relaunch of the renewed website – ChildTaxCredit.gov. Taxpayers who received advance Child Tax Credit payments should file a 2021 tax return to get the remainder of the credit for which they are eligible. Further, the IRS has sent letters ( “2021 Total Advance Child Tax Credit (AdvCTC) Payments”) to payment recipients to help ensure tax returns are accurate. The Service has also urged taxpayers to check their IRS Online Account beginning January 31.
The Service has requested that the taxpayers should:
Carefully read advance CTC letter 6419;
Be careful and file an accurate return with direct deposit to see their refunds within 21 days after the filing is accepted by the IRS;
Get their total payment amount;
Rely on the amount of payments reflected in their Online Account on IRS.gov; and
Letters sent to taxpayers who filed as Married Filing Joint are being sent to each spouse separately with only their half of the payments received.
Florida provides guidance on catastrophic event property damage for property tax purposes. Topics discussed include the payment of property taxes, […]
Read MoreIn response to Hurricane Idalia, eligible taxpayers that file Florida corporate income tax returns with original due dates or extended […]
Read MoreAs part of ensuring high income taxpayers pay what they owe, the IRS warned businesses and tax professionals to be alert to […]
Read MoreThe 2023 interest rates to be used in computing the special use value of farm real property for which an election is made under Code Sec. 2032A were issued by the IRS. In the […]
Read MoreThe IRS has reminded taxpayers about the IRS Identity Protection PIN opt in program to help protect people against tax-related identity theft. “The Identity Protection (IP) PIN is […]
Read MoreThe IRS has reminded eligible contractors who build or substantially reconstruct qualified new energy efficient homes that they might qualify for a tax credit […]
Read MoreThe IRS has reminded eligible educators that they will be able to deduct out of pocket classroom expenses upto $300 while filing their federal income tax returns next year. […]
Read MoreGuidance is provided regarding the Florida sales tax holiday on tools commonly used by skilled trade workers, which is held […]
Read MoreThe Florida tourist development tax rate in Highlands County is increased from 4% to 5% effective August 1, 2023. Combined […]
Read MoreThe IRS has issued revised Publication 1457, Actuarial Valuations Version 4A, Publication 1458, Actuarial Valuations Version 4B, and Publication 1459, Actuarial Valuations Version 4C (Rev. June 2023). The publications provide examples for using actuarial factors for certain income, gift, or […]
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