internal revenue service Archives | Page 6 of 12 | Fast Forward Accounting Solutions

Tag Archive for: internal revenue service

Should It Stay Or Go? Clearing Out Financial Paperwork

May 20, 2019

Paperwork is one of the easiest areas to let a mess build and one of the more challenging categories to tackle. For some expert help on sorting through it all, CLICK ON THE HEADLINE FOR MORE

IRS To Release New W-4: What To Expect

May 13, 2019

The IRS is expected to release a new W-4 form for use in 2020. According to an IRS source, the agency held a payroll call on May 2 where it reiterated plans to have that draft available for comment by May 31. CLICK ON THE HEADLINE FOR MORE

Angry About Your Tax Refund This Year? You’re Not Alone

April 15, 2019

The tax refund story kicked off with miserable headlines based on early returns back in February. Although things don't look nearly as dire since then, tax refunds basically look flat after sweeping tax cuts. So what gives? CLICK ON THE HEADLINE FOR MORE

What Are Refundable Tax Credits?

March 18, 2019

Tax credits come in two types: refundable and nonrefundable. While both are nice, refundable tax credits offer the better deal because they can reduce your tax liability below zero. CLICK ON THE HEADLINE FOR MORE

Smaller Tax Refund This Year? Here Is Why, And How To Fix It Next Time

February 18, 2019

Millions of Americans are finding their refunds are smaller this year. For the three reasons why, CLICK ON THE HEADLINE

1040, 1040A and 1040EZ: Differences and Changes In 2019

January 7, 2019

The IRS has made big changes to Form 1040. What is it, and do you still need a 1040A or 1040EZ? CLICK ON THE HEADLINE FOR MORE

Recent Posts

IRS Cracks Down On Travel And Meal Deductions: What Expenses Won’t Fly In 2025October 13, 2025 - 8:25 pm
Inflated or unsupported business travel and meal write-offs could trigger audits or penalties. Experts say this move reflects the IRS’s broader effort to curb abuse of business expense claims.
New Tax Rules: Income The IRS Won’t Touch In 2025October 6, 2025 - 8:31 pm
While the OBBB tax and spending law will offer potential breaks for many, it also introduces confusion about what’s truly non-taxable. Here’s a breakdown of income the IRS won’t tax and how the new law might impact your next return.
Major 401(k) Tax Break For Certain Earners Is Coming To An EndSeptember 29, 2025 - 7:49 pm
The IRS has issued final regulations for a 2022 law, which will require high-earning workers aged 50 and up to make pre-tax catch-up contributions.
Florida Braces For Health Care Changes As Obamacare Tax Credits Set To ExpireSeptember 22, 2025 - 8:55 pm
Unless Congress steps in, the subsidies will end on December 31—leaving millions of Americans, and especially Floridians, in limbo.
IRS Issues Urgent Warning About Social Media Tax ScamsSeptember 15, 2025 - 7:28 pm
The IRS reports that misleading social media posts and self-proclaimed “tax experts” have caused widespread confusion, resulting in over $162 million in penalties and more than 32,000 enforcement actions.
Workers In 68 Jobs May Soon Be Exempt from Paying Taxes On Tips — Including Some Unexpected OnesSeptember 8, 2025 - 8:42 pm
According to the White House, the new ‘No Tax On Tips’ provision could save eligible workers around $1,300 per year. However, the value of the tax break may be limited depending on income, tip levels, and the nature of the job — particularly for those in roles not commonly associated with receiving tips.
Important IRS Update To The $7,500 EV Tax Credit DeadlineSeptember 1, 2025 - 9:18 pm
This adjustment will significantly ease pressure on buyers, manufacturers, and dealers by allowing more time for vehicle deliveries.
One Big Beautiful Bill Extends Many Business-Friendly Tax ProvisionsAugust 25, 2025 - 6:31 pm
The key provisions of the One Big Beautiful Bill Act could affect your tax planning strategy. While a few changes may increase tax liability for some, the overall impact is likely positive for many businesses.