Bottom Line Tax & Accounting LLC

01/11/2025

The IRS has announced that we can begin e-filing taxes again January 27,2025.

I hope 2024 has been a good year for you, and look forward to seeing you soon!

03/18/2021

https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline.

Be sure to check your states due date to see if it has been extended.

IR-2021-59, March 17, 2021 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.

02/27/2021

11/18/2020

With 2020’s extended tax deadlines due to the coronavirus pandemic, it seems like we just wrapped up the previous tax season. But believe it or not, the next filing season kicks off Jan. 1, 2021.

11/14/2019

The Internal Revenue Service has unveiled a revised Form W-4, issuing a draft of the form for 2020. The changes, they say, will make accurate withholding choices easier for employees.

10/23/2019

For the first time in a century, the ultra-wealthy contribute a smaller share of their income than most other Americans

10/06/2019

https://www.ibtimes.com/beware-non-cash-items-irs-says-you-must-report-your-taxes-2840279

At tax time, you should think about all the income you collected for the prior year, but it’s wise to worry about these issues all year long so you try to steer clear of problems.

05/10/2019

TurboTax successfully lobbied to keep the IRS from offering free tax prep. Now it’s pretending the government already does it.

03/14/2019