If taxpayers are unable to pay their tax bills in full by April 15, there are IRS payment plan options available. The tax agency urges those who can’t pay the full amount to file their tax returns and pay as much as they can on or before April 15. Filing on time avoids the late […]

Read More Payment Plan Options

On April 7, President Trump threatened in a social media post that the U.S. would impose an additional 50% tariff on Chinese-produced goods. This 50% tariff is in addition to the already announced 20% tariff due to fentanyl trafficking and a separate 34% tariff announced on April 2. If implemented, the president’s new taxes on […]

Read More More Tariffs

Did you miss the due date? If you make estimated tax payments, be aware that April 15 isn’t just the 2024 tax filing deadline. It’s also the deadline for the first estimated tax payment for 2025. Estimated tax payments are generally made by self-employed people, retirees, investors, businesses and others who don’t have taxes withheld […]

Read More Did you miss the due date?

On April 5, the U.S. Senate voted 52-48 to approve a budget blueprint that allows them to take the next step in moving President Trump’s “one big, beautiful bill” forward. The resolution now heads to the U.S. House for consideration. The big bill Republicans hope to pass would extend many provisions in the Tax Cuts […]

Read More Bill advancing includes no tax on tips, overtime and Social Security

Two bills that recently passed unanimously in the U.S. House are intended to make it easier for victims of disasters to obtain tax relief. H.R. 517 would enable the IRS to grant federal tax relief to affected taxpayers as soon as governors of states declare a state of emergency. Currently, the IRS must wait until […]

Read More Disaster relief bill moves to Senate

President Trump has announced that the IRS (and all other federal agencies) must soon stop accepting and issuing paper checks and money orders. His March 25, 2025, executive order calls for a migration to electronic payments by Sept. 30, 2025, (with limited exceptions). The IRS has long encouraged taxpayers to pay electronically for faster, more […]

Read More Migration to electronic payments begins with executive order

Taxpayers living and working abroad have until June 16, 2025, to file their 2024 income tax returns and pay any tax due. This deadline applies to U.S. citizens and resident aliens, including those with dual citizenship. It includes those in the military on duty outside the United States. These individuals generally are allowed a two-month […]

Read More Living abroad? When is my tax return due?