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Tax Updates/In the News
Beneficial Ownership Information Reporting
The beneficial ownership information (BOI) reporting requirement requires small businesses to report information on the “owner” of an entity beginning in 2024. For more information see BOI https://www.fincen.gov/boi
IRS sets January 23 as official start to 2023 tax filing season
IR-2023-05, January 12, 2023 WASHINGTON — The Internal Revenue Service today announced Monday, January 23, 2023, as the beginning of the nation’s 2023 tax season when the agency will begin accepting and processing 2022 tax year returns. More than 168 million individual tax returns are expected to be filed, with the…
January 18, 2023
Tax Deadlines
The filing deadline to submit 2022 tax returns or an extension to file and pay tax owed is Tuesday, April 18, 2023, for most taxpayers. By law, Washington, D.C., holidays impact tax deadlines for everyone in the same way as federal holidays. The due date is April 18, instead of…
January 18, 2023
Kentucky Tax Deadline
FRANKFORT, Ky. (March 18, 2021) — At the direction of Gov. Andy Beshear, the Kentucky Department of Revenue will extend the 2020 Kentucky individual income tax filing deadline to May 17, 2021. This extension follows the income tax relief provisions issued March 17 by the federal Internal Revenue Service in response to…
March 23, 2021
Federal Income Tax Filing Due Date Extended for 2021
IR-2021-59, March 17, 2021 WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in…
March 18, 2021