Original Article Source Credits:   The Balance , https://www.thebalance.com/

Article Written By:  William Perez

Original Article Posted on:  October 20, 2020

Link to Original Article: https://www.thebalance.com/income-tax-deadlines-3192862

You get an intimidating feeling when you realize that you owe money to the Internal Revenue Service (IRS). Tax debt is one of the most inescapable burdens in life, and you need to resolve it to prevent agents from hounding you. However, you can avoid possible confrontation or your assets being seized as long as you manage your debt situation well. To help you minimize your contact with an IRS agent, C.A.C Financial Services has listed five tips for resolving tax debt.

Original Article Source Credits:   Investopedia , https://www.investopedia.com/

Article Written By:   JEFF STIMPSON

Original Article Posted on:  Sep 29, 2020

Link to Original Article:  https://www.investopedia.com/everything-to-know-about-individual-2020-taxes-4775907

Original Article Source Credits:   CNBC , https://www.cnbc.com/

Article Written By:  Darla Mercado

Original Article Posted on:  SEP 22 2020

Link to Original Article:  https://www.cnbc.com/2020/09/22/biden-calls-for-401k-tax-break-overhaul-what-it-means-for-you.html?&qsearchterm=tax

Original Article Source Credits:   QuickBooks Canada , https://quickbooks.intuit.com/

Article Written By:   QuickBooks Canada Team

Original Article Posted on:  NA

Link to Original Article:  https://quickbooks.intuit.com/ca/resources/finance-accounting/how-to-manage-small-business-accounting/

Original Article Source Credits:   IRS ,https://www.irs.gov/

Article Written By:  NA

Original Article Posted on:  September 10, 2020

Link to Original Article:  https://www.irs.gov/newsroom/people-should-have-tax-withheld-from-unemployment-now-to-avoid-a-tax-time-surprise

Original Article Source Credits:   NerdWallet , https://www.nerdwallet.com/

Article Written By:  Tina Orem

Original Article Posted on:  September 21, 2020

Link to Original Article:  https://www.nerdwallet.com/article/taxes/tax-relief-back-taxes

Original Article Source Credits:   The Motley Fool , https://www.fool.com/

Article Written By:  Mary Girsch-Bock

Original Article Posted on:  May 28, 2020

Link to Original Article:  https://www.fool.com/the-blueprint/small-business-bookkeeping/

The IRS is offering this relief to any area designated by the Federal Emergency Management Agency (FEMA) as qualifying for individual assistance. Currently, this includes Lake, Monterey, Napa, San Mateo, Santa Cruz, Solano, Sonoma, and Yolo counties in California, but taxpayers in localities

It’s important to revisit your tax withholding, especially if major changes from the Tax Cuts and Jobs Act affected the size of your refund this year.

Many businesses that have been severely impacted by coronavirus (COVID-19) will qualify for two new employer tax credits – the Credit for Sick and Family Leave and the Employee Retention Credit.

Here are some important things taxpayers should know about estimated tax payments:

1. Use the Interactive Tax Assistant to help determine if you should file an amended tax return.
2. Don’t amend for math errors or missing forms.

As tax professionals in Las Vegas, NV, at C.A.C Financial Services, we are committed to educating taxpayers to be aware, to stay informed, and to take action about their finances. 

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