Businesses paying wages—file your IRS Form 941 and Colorado Department of Labor tax return by October 31. Stay compliant to avoid penalties.

Learn how to calculate your IRS estimated tax payments, how to pay them, and the consequences of missing today's payment deadline. Stay compliant and avoid penalties.

Asking to extend the deadline for filing the tax return gives more time to gather the necessary information and prepare the tax return without a late filing penalty.

The IRS announced that the interest rates on tax underpayments (i.e., taxes owed but not fully paid) for the fourth quarter of 2024 will remain at 8%, starting from October 1, 2024.

As tax return filing deadlines approach, staying informed about filing deadlines is crucial. Whether you’re an individual taxpayer or a business owner, understanding these dates can help you avoid penalties and ensure compliance with the IRS.

House Democrats and Republicans voted against a proposal to increase the cap on state and local tax deductions for married couples with adjusted gross incomes below $500,000 for the fiscal year 2023.

2024 Tax Season begins on January 29, 2024

The IRS has halted processing new claims for the Employee Retention Credit (ERC) until year end due to concerns over increasing ineligible and fraudulent claims. Businesses should seek guidance from trusted tax professionals and review IRS resources to determine their eligibility for the credit.

The IRS has announced new interest rates, effective October 1, 2023, with rates for overpayments and underpayments increasing to 8% per year, compounded daily.

The world's first tax was levied in ancient Egypt around 3000 BCE. The tax was called the "heqat" and it was a tax on agricultural land, that was collected by the pharaoh and used to fund the government and public works projects. The word "tax" comes from the Latin word "taxa", which means "assessment".

The IRS has issued a memo stating that donations to NIL collectives may be subject to federal taxation as they primarily serve the private interests of student-athletes. Student-athletes engaging in NIL activities should consider the tax implications of the IRS decision.

When couples file their taxes, the decision of whose name goes first can reveal a lot about their beliefs and attitudes, according to a recent study. While some couples may be shifting their ways, the IRS discourages changing the order of names on a joint tax return.

If you are considering claiming the ERC, it is essential to do your research and work with a reputable tax professional.

An account of the exorbitant price that one individual had to pay as a result of protesting against taxes, amounting to a staggering sum of $200,000.

A tax protester is someone who refuses to pay a tax claiming that the tax laws are unconstitutional or otherwise invalid. So, if you're thinking about becoming a tax protester, be warned: you're likely to lose, and you could end up paying a hefty fine.

The Internal Revenue Service (IRS) has announced that it will end most unannounced visits by revenue officers to taxpayers. This change is effective immediately and will apply to all taxpayers, regardless of their income level. The change is effective immediately.

The National Taxpayer Advocate, Erin M. Collins, has reported that the taxpayer experience significantly improved during the 2023 filing season, although many issues still require improvement.

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