With the April 15 tax deadline approaching, the IRS reminds taxpayers there is still time file their federal income tax return and request direct deposit. Taxpayers that owe on their tax return IRS reminds people they can avoid paying interest and some penalties by filing their tax return and, if they have a balance due, paying the total amount due by the tax deadline of Monday, April 15. Fo..

A deduction reduces the amount of a taxpayer's income that's subject to tax, generally reducing the amount of tax the individual may have to pay. Most taxpayers now qualify for the standard deduction, but there are some important details involving itemized deductions that people should keep in mind. Standard deduction The standard deduction is a specific dollar amount that reduces the am..

例年では1月上旬にFRB（連邦準備制度理事会）より前年中の年間の平均為替レートが発表されておりましたが、ようやくFRBの2023年の年間の平均為替レートが分かりましたのでご案内させて頂きます。 2023年の連邦税、州税申告書類で使用する換算レートは、1米国㌦=140.50円となります。 今回の発表前にすでに書類作成に着手させて頂いておりますお客さまは、IRSが発表しております年間の平均為替レートの1米国㌦＝140.51円で書類作成を進めさせて頂きます。 何卒ご理解頂けますようにお願い申し上げます。

換算レートの件、お客さまになかなかご連絡出来ずにご不便をおかけしております。 弊所でお客さまより税金申告書類の作成のご依頼を承る場合には、FRB（連邦準備制度理事会）が発表する年間の平均為替レートを使用しておりますが、あいにく本日時点でも発表されておりません。 もう少し待ってもFRBの為替レートが分からない場合には、IRSのホームページ内で発表されている年間平均為替レートを使いお客さまの税金申告書類を開始させて頂きます。 IRSのホームページ内で発表されている2023年の為替レートは、1㌦＝140.51円となります。

新年あけましておめでとうございます。 皆様には、健やかに新春を迎えられたことと、お慶び申し上げます。 旧年中はひとかたならぬご厚情をいただきありがとうございます。 本年も変わらぬお引き立ての程よろしくお願い申し上げます。 皆様のご健勝とご発展をお祈り申し上げます。 --------------------------------------------------------------------- New Year's Greetings Happy New Year. I would like to congratulate you on the healthy new year. Thank you very much for your kindness during last year and for your continued support this ..

With the tax filing season almost here, taxpayers should check out two IRS publications available on IRS.gov. These publications can help people get prepared and stay organized with tips for year-round tax planning. Publication 5348,Get ready to file Tax planning is for everyone. Taxpayers can use this publication to help themselves get ready to file their 2023 federal income tax return..

Wading through a pile of statements, receipts and other financial documents when it's time to prepare a tax return can be frustrating for people who haven't managed their records. By knowing what they need to keep and how long to keep it, people can develop a good recordkeeping system year-round and make filing their return easier. Good recordkeeping can also help taxpayers understand their sit..

Starting a new business can seem overwhelming for new entrepreneurs or even seasoned professionals. The IRS has resources to help new business owners understand the tax responsibilities of running a business. Here are a few things any entrepreneur needs to do when starting their business. 1.Choose a business structure The form of business determines which income tax return a business need..

When couples separate or divorce, the change in their relationship status affects their tax situation. The IRS considers a couple married for tax filing purposes until they get a final decree of divorce or separate maintenance. Tax treatment of alimony and separate maintenance •Amounts paid to a spouse or a former spouse under a divorce decree, a separate maintenance decree or a written sepa..

Many people requested an extension to file their tax return after the usual April deadline. These filers have until Oct. 16, 2023, to complete and file their tax return. The IRS suggests that those who already have the forms and information they need file now – there's no advantage to waiting until the deadline and filing now saves the worry that they may miss the deadline. There are a few thin..

When selling a home, homeowners should think about: Ownership and use To claim the exclusion, the taxpayer must meet ownership and use tests. During the five-year period ending on the date of the sale, the homeowner must have owned the home and lived in it as their main home for at least two years. Gains Taxpayers who sell their main home for a capital gain may be able to exclude u..

The Internal Revenue Service reminded American taxpayers living and working outside the U.S. to file their 2022 federal income tax return by Thursday, June 15. This deadline applies to both U.S. citizens and resident aliens abroad, including those with dual citizenship. Qualifying for the June 15 extension A taxpayer qualifies for the June 15 filing deadline if: •Both their tax home and..

After someone with a filing requirement passes away, their surviving spouse or representative should file the deceased person's final tax return. On the final tax return, the surviving spouse or representative should note that the person has died. The IRS doesn't need a copy of the death certificate or other proof of death. Usually, the representative filing the final tax return is named in the..

Taxpayers who aren't able to file by the April 18, 2023, deadline can request an extension before that deadline, but they should know that an extension to file is not an extension to pay taxes. If they owe taxes, they should pay them before the due date to avoid potential penalties and interest on the amount owed. Taxpayers who request a six-month extension to file their taxes have unt..

Things to consider before filing Taxpayers should wait to file until they receive all their proper tax documents, or they risk making a mistake that could cause delays. They should also review their documents carefully. If any of the information is inaccurate or missing, taxpayers should contact the payer right away for a correction or to ensure the issuer has their current mailing or em..

To help taxpayers navigate the beginning of the tax filing season, the Internal Revenue Service offered a checklist of reminders for people as they prepare to file their 2022 tax returns. From gathering paperwork to filing a tax return, these easy steps will make tax preparation smoother in 2023: 1.Gather tax paperwork and records for accuracy to avoid missing a deduction or credit. Taxp..

Thank you for visiting my blog during the last year. I look forward to your continued patronage this year. Federal Reserve Bank (FRB) announced the exchange rate on January 9, with the exchange rate converted from Japanese yen to U.S. dollar at 131.46 yen per U.S. dollar. In addition to FRB, exchange rates announced by organizations listed at the following sites are also available: Fo..

Changes in the number of dependents, employment or self-employment income and divorce, among other factors, may affect your tax-filing status and refund for 2023. No additional stimulus payments. Unlike 2020 and 2021, there were no new stimulus payments for 2022 so taxpayers should not expect to get an additional payment in their 2023 tax refund. Some tax credits return to 2019 levels. ..

There are many reasons a business owner may choose to close their doors, and there are many things that must be done to go out of business. Two important steps all business owners must take are fulfilling their federal tax responsibilities and informing the IRS of their plans. The closing a business page of IRS.gov is designed to help owners navigate the process of shutting down. Closing a busi..

When the IRS needs to ask a question about a taxpayer’s tax return, notify them about a change to their account, or request a payment, the agency often mails a letter or notice to the taxpayer. Getting mail from the IRS is not a cause for panic but, it should not be ignored either. When an IRS letter or notice arrives in the mail, here’s what taxpayers should do: