COVID-19 is creating unusual delays for the IRS What you need to know
Coronavirus has caused delays to tax return processing as well as payment processing The Internal Revenue Service has delayed processing payments and paper returns due to the COVID-19 lockdown that shuttered America. People who sent tax payments to the IRS using paper checks are most affected and it will take some time for the IRS […]
Update from Sean Core CPA regarding Tax News and Impact from the Coronavirus (COVID-19) April 2020
As the world is now aware, we are amid a global pandemic regarding the COVID-19 virus. At Sean Core CPA PLLC, we understand that there is no portion of society that has not been touched by this event. Due to the ongoing and ever-changing aspects of this healthcare crisis, our practice is making changes in […]
IRS Audits– Audit Triggers & Important FAQs to Know
IRS Audits are not fun! How does the IRS decide who to audit, and who not to? The IRS is increasing automated ways to trigger audit suggestions. Discover here the 4 triggers and FAQ about IRS audits to pay attention to in 2019 You may feel triumph or relief when you send in your taxes. […]
Do You Know the Safe Harbor Conditions of the IRC Section 199A Deduction?
The IRS issued a notice on January 18, 2019 about specific conditions under which your rental real estate enterprise may be treated as a trade or business. This safe harbor is available to taxpayers who want to claim the section 199A deduction with respect to a rental real estate enterprise. If you can meet the […]
Important Business Tax Dates to Know for 2018
Tax Due Dates for AZ Businesses The 2018 tax year will bring with it several changes to the tax code. With the alterations, it is important to plan ahead for your business filings and individual taxes. This way, you can prepare yourself for different filing dates while ensuring you have the necessary monetary amounts covered […]
Business and Individual Tax Return Extension Deadlines Approaching
If you filed for an extension for your corporate business tax return, the deadline of October 15th, 2017 is fast approaching. Typically, these returns and individual tax returns are due on the 15th of the fourth month following the tax year end, December 31st 2016 for individuals and most businesses. A six-month extension gave you […]