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IRS Archives | Delap CPA

26 Mar

IRS Issues People First Initiative

March 26, 2020 | By |

The Internal Revenue Service has announced additional steps the agency is taking to help taxpayers who are facing challenges as a result of the COVID-19 pandemic. The new IRS People First Initiative includes the following key provisions: Existing Installment Agreements – For taxpayers under an existing Installment Agreement, payments due between April 1 and July […]

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25 Mar

Federal Tax Deadline: IRS Offers Answers

March 25, 2020 | By |

The IRS has issued a Q&A for federal tax filing and payment deadline extensions in response to the COVID-19 national emergency. We’ve boiled the Q&A down to what you need to know: Tax Filing All taxpayers, including individuals and entities, have been granted an automatic deadline extension for filing federal income tax returns and associated […]

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15 May

New Backup Withholding Requirements from the IRS

May 15, 2019 | By | No Comments

Authors: Joshua Caddel, CPA and Haley Norwood, CPA The IRS recently released a reminder that the TCJA reduced the backup withholding tax rates from 28% to 24%, while bonuses and other supplemental income backup withholding tax rates were lowered to 22%. Any payments exceeding $1 million, subject to the backup withholding, require withholding at a […]

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17 Nov

Trump’s Proposed Tax Policy

November 17, 2016 | By | No Comments

Latest Update: Tax Reform 2.0 Proposed Updates | September 25, 2018 _________________________________________________________________________________ How could Trump’s tax plan impact you? Brady Dixon, CPA | November 17, 2016 With the President-Elect in place, tax law changes are more likely to occur in the near future. Although the details of president-elect Trump’s tax plan are still unclear, it […]

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12 Jan

Top 6 Ways to Spot a Tax Scam

January 12, 2016 | By | No Comments

In an effort to help you steer clear of tax scams, we’ve identified some red flags to watch out for before the start of the next tax season. Check out the following 6 tips that may help you avoid becoming the victim of IRS fraud: Top 6 Ways to Spot a Tax Scam: 1. Phone […]

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