COVID SLOWS DOWN TAX REFUNDS AT IRS

Covid slows down tax refunds at IRS. Due to the government lockdown of the IRS during the IRS pandemic’s winter months, both in 2020 and 2021, the IRS has had a difficult time catching up with the Tax Returns that have been filed, and at the same time they are trying to overhaul the oldest […]

TWO MILLION TAX ID NUMBERS TO EXPIRE

Two million tax id numbers to expire. The Internal Revenue Service has issued a reminder to taxpayers with an expiring Individual taxpayer Identification Number (ITIN) to submit renewal applications. Failing to renew an ITIN by the end of the year may cause refund and processing delays in 2020. In a renewed emphasis on security, due […]

COASTAL HIGH TAX STATES TAXES

Coastal high tax states taxes. This has become an issue ever since the Presidential election a few years ago.  The Trump administration has laid down rules aimed at preventing residents in coastal high tax states taxes from avoiding a new cap on widely popular and local tax deductions. Many owed large tax debts and were […]