Kyle J. Towles CPA, LLC

02/11/2023

https://www.irs.gov/newsroom/irs-issues-guidance-on-state-tax-payments-to-help-taxpayers?fbclid=IwAR3vxuIdGdVsIn4-lPll3y55GgHRys-F7YcLuVyxhTG0dYxiyXB-_Sgcfm0&mibextid=Zxz2cZ

IR-2023-23, Feb. 10, 2023 — The IRS provided details today clarifying the federal tax status involving special payments made by 21 states in 2022.

08/16/2022

https://evergreensmallbusiness.com/inflation-reduction-act-tax-credits-for-homeowners/?fbclid=IwAR2Y5CISwPLNSvsJz-jXDJ8HtggbaESQTXHs8x1El5W6J6lG9_AT7qC47Yg

The Inflation Reduction Act provides three big tax credits for individuals including the Efficient Home Improvement Credit.

02/15/2022

https://www.yahoo.com/money/irs-we-face-major-challenges-as-tax-day-looms-152135205.html

The IRS Commissioner says the agency's focus is "simplifying the taxpayer’s filing experience," he writes in an exclusive Op-Ed for Yahoo Finance.

07/03/2021

https://www.washingtonpost.com/business/2021/07/02/getting-real-person-at-irs/?utm_campaign=wp_main&utm_medium=social&utm_source=facebook&fbclid=IwAR0gQpIhgUe6DkZZDUn8XcUvXoDfgc6rnoVj0FDvVkqOiIXIvLMWFnccCjQ

In a new report, the national taxpayer advocate laid out major issues with the IRS that include millions in unprocessed tax returns.

04/07/2021

https://money.yahoo.com/red-flags-tax-audit-194305336.html

The best way to prevent an audit is to avoid tax scenarios that catches the IRS's attention in the first place. Here are five ways to do that.

03/17/2021

https://www.usatoday.com/story/money/2021/03/17/irs-tax-deadline-change-2020-taxes/4736207001/

When are 2020 taxes due? The IRS is extending the tax deadline by a month, according to reports Wednesday.

03/15/2021

https://www.journalofaccountancy.com/news/2021/mar/sba-loans-eidl-payments-defer-until-2022.html?utm_source=mnl%3Aalerts&utm_medium=email&utm_campaign=15Mar2021&utm_content=button&fbclid=IwAR3MzaXkpY77mrbR-7_47bovzh1n6z1-rm9lsWSH0KIu-EaTvP1R_Em9Xjc

The SBA extended deferral periods for all disaster loans, including those made through the COVID-19 Economic Injury Disaster Loan (EIDL) program. With the deferral, small businesses that received a COVID-19 EIDL loan won’t have to make a first payment on the loan until next year.

01/28/2021

Updated PPP loan forgiveness and guidance forms.

Click the link below to read more!

The SBA and Treasury released updated Paycheck Protection Program loan forgiveness guidance and forms, including a one-page application for borrowers that received a PPP loan of $150,000 or less.

12/23/2020

https://towlescpas.com/contact/?fbclid=IwAR02fa6yA7ouXJtPy0Ye1TChkZ9P9RENHOxEphX9C5CU7PRciRgyqQXeDkw

2020 is finally coming to an end. Make sure to get your tax and bookkeeping needs in order before it's too late! Click on the link for a free consultation today.