by admin | May 15, 2024 | Uncategorized
🔎 The U.S. Internal Revenue Service (IRS) said it has $1 billion on the table in refunds due to people who never filed a return in 2020. Nearly 940,000 people did not file a federal tax return that year, and they have a deadline to file them next May 17 of this year....
by admin | May 8, 2024 | TaxBiz
🛑 Taxpayers can take a hit to their wallets if they don’t use the IRS tax withholding calculator, according to a warning issued by the Federal Agency. Americans often get hit with “surprise fees” when their previous year’s tax refund was too...
by admin | May 2, 2024 | TaxBiz
📕 April 15 was the federal deadline for most taxpayers to file returns and pay taxes, even with a lien extension, which moves the filing deadline to October 15. Now, if we’re having trouble covering the full amount of taxes, at Wave Tax we always recommend...
by admin | Apr 9, 2024 | TaxBiz
The thing that you must address when looking at an expense is if it was ordinary and necessary. Yes, it must be both. So, let’s look at some specific items when it comes to travel and meals for your taxes. 🔸 What is a Legitimate Travel Expense? According to the IRS,...
by admin | Apr 2, 2024 | TaxBiz
Filing a tax extension on or before April 15 moves your deadline to October, but remember that an extension doesn’t give you more time to pay your taxes. If you’re not sure you’ll have it together by tax day and think you may need to file a tax extension,...
