by RightWay | Apr 17, 2019 | IRS, Tax Law, Training, Uncategorized
The Revenue Code provides taxpayers who timely filed their return or extension a five day grace period to “Perfect” (resubmit) their return/extension if it was rejected! So, the clock is ticking and we can assure you, there is no grace to be had after this...
by RightWay | Apr 17, 2019 | Bank Products, Business, IRS, Tax Law
Most taxpayers and to our surprise many tax preparers have been made to believe, if you don’t file your tax return by April 15th, “tax day” the IRS boogeyman will come hunt you down… That’s not entirely true. This idea is such a concern,...
by RightWay | Apr 2, 2019 | IRS, Tax Law, Training, Uncategorized
The purpose of this article is to look at and compare multiple years worth of IRS e-file data for the early part of tax season and see what it has to say. Every tax season is unique unto itself but when we compare multiple years worth of data, trends begin to...
by RightWay | Feb 12, 2018 | Tax Law
On Friday February 9th the ‘Bi-partisan Budget Act of 2018′ was signed into law. This legislation extends and modifies numerous tax provisions that cover tax year 2017. It also contains disaster relief for victims of the California wildfires and special relief...
by RightWay | Jan 24, 2018 | Tax Law
The IRS wants taxpayers in hurricane effected areas to know that they may qualify for an increased EITC disbursement. Taxpayers who lived in one of the disaster areas from hurricanes Harvey, Irma or Maria may be able to benefit from a special computation method that...
by RightWay | Dec 21, 2017 | Tax Law
Even though the new tax bill won’t be signed until January 3rd of 2018, the effects are already being seen; “AT&T, Comcast giving $1000 bonuses to hundreds of thousands of workers after tax bill”. Most taxpayers will see a decrease in taxes...
