Category Archives: Taxation

Todd and Julie Chrisley Found Guilty on Federal Charges

Todd and Julie Chrisley, stars of the reality television show “Chrisley Knows Best,” were recently found guilty in Atlanta on federal charges including bank fraud and tax evasion. The Chrisleys were initially indicted in August 2019 and a new indictment … Continue reading

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Things organizations should know about applying for tax-exempt status

To be tax-exempt under Section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for any of these purposes: charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, … Continue reading

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Understanding taxpayer rights: The right to appeal an IRS decision in an independent forum

Taxpayers have the right to appeal an IRS decision in an independent forum. This is one of ten basic rights — known collectively as the Taxpayer Bill of Rights — that all taxpayers have when working with the IRS. The … Continue reading

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Important tax reminders for people selling a home

A lot of families move during the summer. Taxpayers who are selling their home may qualify to exclude all or part of any gain from the sale from their income when filing their tax return. Here are some things that … Continue reading

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IRS reminds employers of penalty relief related to claims for the Employee Retention Credit

The Department of the Treasury and the Internal Revenue Service have received requests from taxpayers and their advisors for relief from penalties arising when additional income tax is owed because the deduction for qualified wages is reduced by the amount … Continue reading

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Business Owner Pleads Guilty to Failing to Pay $2 Million in Payroll, Employment Taxes

A Lafayette County, Missouri, business owner has pleaded guilty in federal court to failing to pay over nearly $2 million in payroll and employment taxes over a four-year period. Sandra Eller, 59, of Napoleon, Mo., waived her right to a … Continue reading

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Why it may take longer than 21 days for some taxpayers to receive their federal refund

The IRS issues most refunds in fewer than 21 days for taxpayers who file electronically and choose direct deposit. However, some returns have errors or need more review and may take longer to process. The IRS works hard to get … Continue reading

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Taxpayers should file their tax return on time to avoid costly interest and penalty fees

Taxpayers should file their tax return by the deadline even if they cannot pay their full tax bill. Taxpayers who owe tax and don’t file on time, may be charged a failure-to-file penalty. This penalty is usually five percent of … Continue reading

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Filing season reminder for teachers: Some educator expenses may be tax deductible

The educator expense deduction allows eligible teachers and administrators to deduct part of the cost of technology, supplies and training from their taxes. They can only claim this deduction for expenses that were not reimbursed by their employer, a grant … Continue reading

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Tips for parents who share custody or alternate tax benefits

Some parents who have a legal agreement with their child’s other parent about who claims the child on their taxes may have some questions this tax season about the child tax credit and the 2021 recovery rebate credit. Here’s what … Continue reading

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