WASHINGTON — The Department of the Treasury and the Internal Revenue Service have received requests from taxpayers and their advisors for relief from penalties arising when additional income tax is owed because the deduction for qualified wages is reduced by the...
IRS
2021 return done? Next step: use IRS’ Tax Withholding Estimator to make sure withholding is right for 2022
WASHINGTON – The Internal Revenue Service urged any taxpayer, now finishing up their 2021 tax return, to use the IRS Tax Withholding Estimator to make sure they’re having the right amount of tax taken out of their pay during 2022. This online tool offers workers,...
May 16 is filing deadline for many tax-exempt organizations
WASHINGTON — The Internal Revenue Service reminded tax-exempt organizations that many have a filing deadline of May 16, 2022. Those that operate on a calendar-year (CY) basis have certain annual information and tax returns they file with the IRS. These returns are:...