IRS Extends tax Deadlines for Hurricane Milton Victims in Florida
IRS grants disaster relief to taxpayers located in certain Florida counties. Affected taxpayers have until May 1, 2025, to file returns and make payments.
Hurricane Helene: Deadline Extensions, Penalty Relief, and Insights from the PBMares Tax Team
The IRS took action quickly after Hurricane Helene traveled 400+ miles, claiming lives and wreaking havoc in the Southeast. Learn about the important information regarding deadline extension and penalty relief.
IRS Extends Tax Filing Deadline for Taxpayers in North Carolina
IRS grants disaster relief to taxpayers located in North Carolina. Affected taxpayers have until May 1, 2025, to file returns and make payments.
Navigating the Uncertain Future of the Estate/Gift and GST Exemptions
2024 election outlook and its potential impact on lifetime estate/gift and GST exemptions
Understanding the Implications of TCJA Income Tax Provisions Set to Expire
Evaluate your individual income tax plan for effects of TCJA provisions expiring in 2026.
Tax Relief and Deadline Extensions for Hurricane Debby
Taxpayers impacted by Hurricane Debby in South Carolina, North Carolina, Florida, and Georgia now have until February 3, 2025 to make certain tax payments and file various tax returns, including 2023 individual and business tax returns currently on extension.
IRS Provides Tax Relief & Deadline Extensions to 67 Texas Counties Affected by Hurricane Beryl
The IRS has announced tax relief measures for individuals and businesses in 67 Texas counties affected by Hurricane Beryl. Taxpayers in these counties now have an extended deadline until February 3, 2025, to file various federal individual and business tax returns and to make any necessary tax payments.
U.S. Income Tax Treaties: Tax Relief for Individuals
The U.S has more than 60 tax treaties with foreign countries who are trading partners. Tax treaties can benefit individuals by clarifying their tax obligations, reducing tax burdens, and simplifying cross-border economic activities.
Death and taxes: Critical opportunities for nonprofits
With the American population aging, postmortem contributions are critical opportunities for nonprofits to receive charitable contributions
IRS Flags Phishing and Smishing in 2024 Tax Scams Alert
The IRS warns of phishing and smishing as top threats in its 2024 “Dirty Dozen” tax scams list. These tactics use fraudulent emails or texts posing as the IRS to extract personal and financial data. IRS Commissioner Danny Werfel urges caution, emphasizing the IRS does not initiate contact via email or text for such information.