allowable deductions Archives | Fast Forward Accounting Solutions

Tag Archive for: allowable deductions

12 Frequently Asked Tax Questions – Top CPAs Answer

July 11, 2022

Got tax questions? TheStreet teamed up with some of the most recognized CPAs and tax experts across the country to answer 12 of the most frequently asked. CLICK ON THE HEADLINE FOR MORE

Tax Plan From Republicans Outlines 5 Sweeping Changes For Individuals

November 6, 2017

The GOP plan will affect Americans across the board, with big changes for certain tax breaks and the outright elimination of others. CLICK ON THE HEADLINE FOR MORE

9 Tax Changes To Know Before Filing Your 2016 Return

February 6, 2017

The good news for most taxpayers: Preparing 2016 tax returns will be a lot like preparing 2015 returns, except with different numbers. CLICK ON THE HEADLINE FOR NINE CHANGES TO BE AWARE OF WHEN YOU FILE.

5 Signs You Need Professional Tax Help

January 9, 2017

Today's tax software can make it simple to fill out forms, but there are life circumstances when it's best to consider professional help. CLICK ON THE HEADLINE FOR MORE

Test Your Tax IQ Before The Presidential Election

September 26, 2016

With the November election approaching, now is a good time to evaluate the candidates’ positions on taxes. CLICK ON THE HEADLINE FOR MORE

Recent Posts

IRS Payroll Tax Violations Can Lead To Severe Penalties—Including Prison TimeApril 28, 2025 - 7:07 pm
Delinquent payroll taxes, even if only late, are a serious matter. Many businesses use payroll services to prevent the misuse of these funds, but this isn’t a foolproof solution. In some cases, payroll providers themselves have misappropriated funds.
Trump Administration To Scrap IRS Direct File Program, Sources SayApril 21, 2025 - 9:58 pm
There was initial speculation that Musk’s tech team, nicknamed the “DOGE” group, might take over and improve Direct File. However, two sources say IRS staff working on the program were instructed in mid-March to stop development for the 2026 tax season—effectively signaling its end.
IRS Extends April 15 Tax Deadline For Florida ResidentsApril 14, 2025 - 3:18 pm
The IRS has granted individuals and businesses in federally declared disaster areas extra time to file, and that includes all of Florida. Residents now have until Thursday, May 1 to submit their tax returns.
What If I Can’t Pay My Taxes On Time? There Are Options AvailableApril 7, 2025 - 7:57 pm
Can’t afford your tax bill? Don’t worry. There are several options available to help you manage the situation, including IRS payment plans, personal loans, or working with tax relief companies.
Do IRS Cuts Mean You Can Make Mistakes With Your Taxes In 2025? Some Taxpayers Think SoMarch 31, 2025 - 8:44 pm
Many taxpayers feel less concerned about errors on their taxes this year, given the cuts at the IRS and the overall perception of a disorganized federal workforce. However, despite the ongoing IRS staff reductions, experts caution taxpayers not to take risks with their returns.
Florida Residents Owed $61 Million In Unclaimed 2021 Tax Refunds, But Time Is Running OutMarch 24, 2025 - 4:51 pm
Nearly 70,000 individuals could be missing out – and this figure doesn’t even account for additional credits, like the Recovery Rebate Credit, which could further boost the amount of money owed.
Why Do I Owe Taxes This Year? Understanding The CausesMarch 17, 2025 - 6:30 pm
There are many reasons why you may have underpaid taxes during the year, ranging from changes in your financial and personal situation to shifting tax laws. Understanding why you owe can help you avoid the same issue in the future.
IRS Warning: 7 Mistakes That’ll Mess Up Your Tax ReturnsMarch 10, 2025 - 7:43 pm
With just over a month left before Tax Day on April 15, the 2025 tax filing season is well underway. To make sure your return is processed smoothly, the IRS has issued a guide highlighting some of the most common mistakes you’ll want to avoid.