Editorial team of TFX
Articles
IRS reminder to taxpayers affected by terrorist attacks in Israel: reliefs available
The IRS is reminding taxpayers affected by the terrorist attacks in Israel that the deadline for filing their 2023 federal income tax returns and making payments has been extended to October 7, 2024. This extension applies to individuals who live in the United States and were either injured in the attacks or are the survivors of individ...
IRS offers tax relief for Maine and Rhode Island taxpayers affected by severe storms and flooding
The IRS has announced tax relief for taxpayers in Maine and Rhode Island who were affected by severe storms and flooding. The relief includes extending various tax deadlines to July 15, 2024. Also read – ...
IRS reminds taxpayers of options and deadlines for filing taxes
Electronic filing and direct deposit With the April 15 tax deadline approaching, the IRS encourages taxpayers to file their federal income tax return electronically and request direct deposit. This method reduces errors and prompts taxpayers for missing information. Most people qualify for electronic filing at no c...
IRS announces tax relief for Hawaii wildfire victims: deadlines extended to Aug. 7
In the wake of the devastating wildfires that recently swept through Maui and Hawaii counties, the Internal Revenue Service has stepped forward with a series of tax relief measures designed to alleviate the financial burdens on affected taxpayers. For US expatriates with ...
Tax relief for Alaska storm victims
The IRS has announced significant tax relief for individuals and businesses in the Wrangell Cooperative Association of Alaska Tribal Nation impacted by devastating storms, landslides, and mudslides since November 20, 2023. This initiative aims to alleviate the financ...
Biden's tax reform: A closer look at proposed capital gains changes
In an ambitious move to reshape the US tax landscape, President Joe Biden has unveiled a series of proposed tax reforms targeting the nation's wealthiest individuals. Central to his plan is a significant overhaul of the capital gains tax system, aiming to bridge the income inequality gap and secure funding for critical social progra...