Seaport Tax Services LLC

01/03/2024

IR-2023-235, Dec. 11, 2023 — The Internal Revenue Service today urged taxpayers to take important actions now to help them file their 2023 federal income tax return next year.

01/25/2023

05/16/2022

The service is coming under criticism for destroying an estimated 30 million paper-filed information returns, with one lawmaker even calling for the IRS commissioner to be replaced immediately.

01/11/2022

When the U.S. tax filing season begins in two weeks, taxpayers should be prepared for delays as returns and refunds are processed, and for

07/14/2021

The IRS is churning out 2020 tax year refunds, while it offers free tax prep days to help eligible families claim advance payments of the 2021 Child Tax Credit.

07/14/2021

Refunds by direct deposit will begin July 14 and refunds by paper check will begin July 16. The IRS previously issued refunds related to unemployment compensation exclusion in May and June, and it will continue to issue refunds throughout the summer. https://buff.ly/3hHXOMV

05/17/2021

Tax Extensions are also due by 5/17/2021, give our office a call if you need assistance submitting your extension on time.

04/12/2021

In mid-February 2021, NATP submitted a letter to IRS Commissioner Charles Rettig requesting his consideration of a filing extension to the 2021 tax season. In mid-March, the IRS announced an extension of the filing deadline, but not the first quarter estimated payment deadline. In early April, the I...

03/24/2021

Taxpayers of all ages (assuming they have compensation) may be able to claim a deduction on their 2020 tax return for contributions to their Individual Retirement Account (IRA). There is no longer a maximum age for making IRA contributions, according to the IRS. While the age limit has been repealed...

02/23/2021

https://www.whitehouse.gov/briefing-room/statements-releases/2021/02/22/fact-sheet-biden-harris-administration-increases-lending-to-small-businesses-in-need-announces-changes-to-ppp-to-further-promote-equitable-access-to-relief/

Small businesses account for 44 percent of U.S. GDP, create two-thirds of net new jobs, and employ nearly half of America’s workers. Now, millions of main street small businesses – especially Black- and Brown-owned small businesses – are struggling to make ends meet in the wake of the COVID-19...