by Corie DuChateau | Oct 19, 2023 | Tax Updates
The IRS is running a pilot of its new “Direct File” project, which allows qualified taxpayers to file directly with the IRS, in several states in the 2024 filing season. This exciting project, started under the Inflation Reduction Act, will streamline the...
by Corie DuChateau | Sep 12, 2023 | Tax Updates
The IRS has made a lot of improvements in the last year. Below is the IRS press release about their improved systems and processes. From irs.govOriginal article...
by Corie DuChateau | Jun 23, 2023 | Tax Updates
BNC Tax would like to share the following notification from the IRS, which is of interest to California taxpayers. From IRS.gov: June 7, 2023 The IRS reassures California taxpayers that they continue to have an automatic extension until later this year to file and pay...
by Corie DuChateau | Mar 13, 2022 | Blog, Tax Updates
The IRS is still dealing with an enormous backlog left over from Covid shutdowns. This is causing long phone hold times for taxpayers who call the IRS with questions, as well as tax preparers who call the IRS on behalf of their clients. The IRS in Crisis The IRS...
by Corie DuChateau | Mar 11, 2022 | Blog, Tax Updates
Here’s what to know if you received child tax credit payments, collected unemployment, or had student loans forgiven in 2021. Every year there’s a long list of tax changes that can affect the bottom line of your tax return and, it’s no surprise, that last year...
by Corie DuChateau | Jan 20, 2022 | Blog, Tax Updates
As part of the 2021 American Rescue Plan, which went into effect on Jan. 1, 2022, the threshold for reporting income on IRS Form 1099-K has been lowered to $600. IRS Form 1099-K is used to report goods and services payments received by a business or individual. ...
