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These days, natural disasters, from fire to hurricanes to floods, have become quite common, and the damages can be enormous. Recovering from these losses is not only painful but time-consuming. In the past, taxpayers could claim losses from fires, floods, accidents, thefts or vandalism on their tax return to the extent not covered by insurance. ...
As a US taxpayer, it is always prudent to notify the US Internal Revenue Service (IRS) in case there is a change to the taxpayer’s name, address or any incorrect information on record that needs to be rectified such as responsible party or principal officer, or any other tax-related information to ensure that IRS has...
The IRS has announced a delay of approximately one to two weeks to the start of the 2014 tax filing season, in order to allow adequate time to fully test the tax-processing systems following the 16-day US Government shutdown. The IRS will make a final decision on the start of the 2014 filing season in...
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