* The IRS has issued a “Statement on balance due notices (CP14)” -
“The IRS is aware that some taxpayers are receiving CP14 (Balance Due, No Math Error) notices indicating a balance due even though payments were made with their 2023 tax return.”
And –
“Taxpayers who receive a notice but paid the tax they owed in full and on time, electronically or by check, should not respond to the notice at this time.”
* Erica York of THE TAX FOUNDATION provides more proof Trump doesn’t know his arse from a hole in the ground about anything – “Five Things to Know about Trump’s Tariff and Income Tax Proposals”
* New Jersey provides a “Sales Tax Holiday for Certain Retail Sales” -
“P.L. 2022, c.21, establishes a Sales Tax Holiday for certain retail sales of computers, school supplies, and sport or recreational equipment when sold to an individual purchaser for non-business use. The Sales Tax Holiday takes place between August 24, 2024 - September 2, 2024. Sellers should not charge Sales Tax on eligible items when purchased during the Sales Tax Holiday.”
* More disaster relief – “IRS provides tax relief for taxpayers impacted by severe storms, straight-line winds, tornadoes and flooding in Mississippi; various deadlines postponed to Nov. 1, 2024”.
TTFN
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