tax return
Common Family Tax Mistakes
Submitted by Desmond Wealth Management, Inc. on December 27th, 2022Important Information for S-Corp Shareholders and Partners of a Partnership
Submitted by Desmond Wealth Management, Inc. on December 15th, 2022Last-Minute Year-End Tax Strategies
Submitted by Desmond Wealth Management, Inc. on December 4th, 2022Tax Relief for Victims of Hurricane Ian
Submitted by Desmond Wealth Management, Inc. on October 6th, 2022
The Federal government provides special tax law provisions to help taxpayers and businesses recover financially from the impact of a disaster, especially when the federal government declares their location to be a major disaster area as they have for Hurricane Ian. The following highlights the special tax provisions:
Filing Due Dates Affected
You May Receive an IRS Form 1099-K This Year
Submitted by Desmond Wealth Management, Inc. on August 1st, 2022
Effective for 2022 and later years, Congress reduced the threshold for the Form 1099-K filing requirement from $20,000 to a mere $600. So, you might ask, what does that have to do with me? This change can impact taxpayers in several ways, some unexpected, so you may find yourself in for a surprise that can be unpleasant in some situations.
Alert: A Massive New FinCEN Filing Requirement Is Coming
Submitted by Desmond Wealth Management, Inc. on June 27th, 2022You May Need to File Estimated Tax Payments
Submitted by Desmond Wealth Management, Inc. on May 15th, 2022Summer Employment for Your Child
Submitted by Desmond Wealth Management, Inc. on May 11th, 2022"Return Being Processed"
Submitted by Desmond Wealth Management, Inc. on March 4th, 2022
“Return being processed” means the IRS received your tax return, but it could still be delayed.
Many taxpayers use the Where's My Refund tool and wonder what "Return being processed" means for them and their refund.
The answer: not much yet!