Tax & Current Accounting Topics

2022 tax filing season begins Jan. 24; IRS outlines refund timing and what to expect in advance of April 18 tax deadline https://www.irs.gov/newsroom/2022-tax... 

https://accountinginstruction.info/

The Internal Revenue Service announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.

Tax filing step 1: Gather all year-end income documents 

https://www.irs.gov/newsroom/tax-fili... 

https://accountinginstruction.info/

As taxpayers are getting ready to file their taxes, the first thing they should do is gather their records.

IRS reminder to many: Make final 2021 quarterly tax payment by Jan. 18; avoid surprise tax bill, possible penalty 

https://www.irs.gov/newsroom/irs-remi...

 https://accountinginstruction.info/

The IRS urges taxpayers to check into their options to avoid being subject to estimated tax penalties, which apply when someone underpays their taxes.

For Colorado wildfire victims, IRS extends 2021 tax-filing deadline, other deadlines to May 16 

https://www.irs.gov/newsroom/for-colo... 

https://accountinginstruction.info/

Victims of this weekend's wildfires in Colorado will have until May 16, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

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IRS reminder: For many employers and self-employed people, deferred Social Security tax payment due Jan. 3 

https://www.irs.gov/newsroom/irs-remi... 

https://accountinginstruction.info/

The Internal Revenue Service today reminded employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on January 3, 2022.

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IRS issues information letters to Advance Child Tax Credit recipients and recipients of the third round of Economic Impact Payments; taxpayers should hold onto letters to help the 2022 Filing Season experience 

https://www.irs.gov/newsroom/irs-issu... 

https://accountinginstruction.info/

The Internal Revenue Service announced today that it will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the third round of the Economic Impact Payments at the end of January.

Hurricane Ida tax relief extended to February 15 for part or all of six qualifying states 

https://www.irs.gov/newsroom/hurrican... 

https://accountinginstruction.info/

Victims of Hurricane Ida in six states now have until February 15, 2022, extended from January 3, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.