Tax audits can often catch businesses off guard, especially when dealing with the sales tax audit statute of limitations. This legally defined timeframe determines how long tax authorities can review a company’s sales tax filings. The audit period varies across states, typically ranging from three to four years. However, in cases of fraud or failure …
Tax season can be stressful for some individuals. Each year, the IRS allows taxpayers to request a personal tax filing extension, which offers an additional six months to complete their returns. For 2024, this means individuals who need more time can file by October 15th instead of the usual April 15th deadline. While the extension …
The Tax Cuts and Jobs Act (TCJA) was signed into law on Dec. 22, 2017. Its changes to the way federal taxes work went into effect in 2018. How does the TCJA affect you? While tax reforms are commonplace in Washington, and changes to the tax code occur every year, the Tax Cuts and Jobs …