BTF Services of Long Island

02/25/2023

Mark your calendars tax day is 4/18/2023! Don’t forget even filing an extension is never an extension to pay, all payments must be remit to the irs by 4/18/2023 to avoid penalties.

Tax Day is April 18, 2023. See the tax deadline for extensions, when taxes are due for estimated payments, and how to save on taxes before the deadline.

02/24/2023

Tax day is fast approaching! Some businesses have less than 25 days to file!

Get started with a free consultation!

02/24/2023

https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2023

IR-2022-182, October 18, 2022 — The Internal Revenue Service today announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38 provides details about these annual adjustments.

02/24/2023

IR-2022-182, October 18, 2022 — The Internal Revenue Service today announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38 provides details about these annual adjustments.

07/01/2020

2019 tax returns and payments are due July 15, 2 weeks from today! Many people were anticipating the IRS to extend the filing and payment due date a second time due to Covid-19. As it turns out, the deadline will not be extended. If anyone needs any assistance preparing their tax returns or has any questions please reach out!!

The IRS and Treasury Department have listened to your requests to push the tax deadline beyond July 15 and they are sticking to their guns. What you should know if you can't file on time.

04/03/2020

As everyone knows due to Covid-19 everyday life is changing by the day as the cases continue to pile up around the globe and here in the USA. Due to this, the IRS has extended the tax deadline to file and pay from April 15 to now July 15.
Additionally, the US government is beginning to disburse stimulus payments to the eligible Americans. Maximum payouts are $1,200 to adults and $500 for each eligible child.
There are limitations on amount each person gets beginning at $75,000 for single filers and $150,000 for MFJ. With a complete phase out with income levels over $210,000.

Lastly, beginning today Small Businesses are able to apply for SBA loans and there options for portions to be forgiven.

If anyone has any questions pertaining to any of this comment or message, all initial consultations are free and we are here to help!
Everyone stay home, take this one day at a time, and we will get through this all together, one by one, one person, one nation.

To explain the tax relief for those affected by coronavirus.

03/03/2020

While the Coronavirus is spreading faster then lighting , the stock market is becoming very volatile. Are we on the verge of a pandemic and how will your finances be impacted? Unsure, let BTF services help you today! We are in the nitty gritty of tax season don’t fall victim to missing deadlines, late fees, and countless headaches.

Central bankers and political leaders of the United States and other economic powers on Tuesday expressed their resolve to combat economic damage from the coronavirus.

01/06/2020

Tax season is right around the corner! E-filing for 2019 tax returns begins January 27th, anyone looking for a local tax preparer or accountant on Long Island who will work for you and with you contact us today!

The Internal Revenue Service (IRS) has announced that tax season will open on Monday, January 27, 2020.