Friday, January 26, 2024

WHAT’S THE BUZZ, TELL ME WHAT’S A HAPPENNIN’?

 

* Kay Bell does a good job of identifying “Tax statements you need to file your 2023 return” at DON’T MESS WITH TAXES.

* And Kay reports “IRS offers guidance on how to answer the tax return digital assets question”.

 A new post at BOBSERVATIONS – “The Real Enemy of America”.

* From the IRS - “Connecticut taxpayers impacted by storms qualify for tax relief; various deadlines postponed to June 17” -

The Internal Revenue Service announced today tax relief for individuals and businesses in parts of Connecticut affected by severe storms, flooding and a potential dam breach that began on Jan. 10.

These taxpayers now have until June 17, 2024, to file various federal individual and business tax returns and make tax payments.

The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). Currently, this includes New London County, including the Mohegan Tribal Nation and Mashantucket Pequot Tribal Nation. Individuals and households that reside or have a business in these localities qualify for tax relief.”

* FYI - my weekly NATP online newsletter told me “TurboTax Advertising Found to be Deceptive” -

The Federal Trade Commission (FTC) issued an opinion and final order finding that Intuit Inc., which owns TurboTax, engaged in deceptive advertising when it ran ads for “free” tax products and services for which some consumers were ineligible. The decision upholds an administrative law judge's opinion that Intuit violated the FTC Act by engaging in deceptive advertising.”

TTFN













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