Politte Law

Boutique tax law firm helping people and businesses throughout the country. Tax lawyers, business attorneys, trusts and wills lawyer, estate lawyer.

[Politte Law @PolitteLaw]

Estimated tax payments for the fourth quarter of 2024 are due tomorrow: January 15, 2025! Use IRS Form 1040-ES.
You can also pay online, even if you don't have an IRS account, at: https://t.co/Uz9rtld1DO
Form 1040-ES is available at:
https://t.co/L7mrXTjmPR

[Politte Law @PolitteLaw]

Here's your friendly reminder that TODAY is the deadline to file you individual income tax returns if you filed an extension in April!
#ExtendedTaxFilingDeadline

[Politte Law @PolitteLaw]

If you need to stock up on first-class Forever stamps, make sure you do so in the next 11 days! The price of first-class Forever stamps will increase more than 7% from 68 cents to 73 cents on July 14. 📮
#USPS #ForeverStamps #Postage #Inflation

[Politte Law @PolitteLaw]

Earlier today, SCOTUS issued a decision which leaves the door open for Congress to enact legislation aimed at taxing individuals on their accumulated "wealth," regardless of whether the individuals receive any money or income. Read the full opinion here: https://t.co/EqmOEIJiYH

[Politte Law @PolitteLaw]

Estimated tax payments for the second quarter of 2024 are due today: June 17, 2024! Use IRS Form 1040-ES.

https://t.co/L7mrXTjmPR

[Politte Law @PolitteLaw]

Happy Tax Day! Individuals who are required to file a 2023 tax return must file their return or an extension today! #TaxDay
Remember: an extension only extends the filing deadline, not the payment deadline which is also today. IRS Form 4868 for extensions:
https://t.co/reH8f0JlQF

[Politte Law @PolitteLaw]

The deadline for businesses to claim the Employee Retention Credit (ERC) may be sunsetting. H.R. 7024, proposed last week and approved by the House Ways and Means Committee, sets a final deadline for businesses to claim the ERC by 01/31/2024. #EmployeeRetentionCredit #ERCclaims

[Politte Law @PolitteLaw]

Estimated tax payments for the fourth quarter of 2023 are due today: January 16, 2024!
Use IRS Form 1040-ES.
https://t.co/PIz0Pd93K8

[Politte Law @PolitteLaw]

Last week, the IRS announced that anyone who filed a Form 1040 or 1041 for 2020 and 2021 that didn't fully pay the tax on time will automatically have late-payment penalties waived if the tax was less than $100,000 and they received an initial notice between 2/5/22 and 12/7/23.

[Politte Law @PolitteLaw]

Today is the due date for individuals who filed extensions to file their 2021 individual income tax returns!!! We suggest filing electronically and printing a confirmation of filing, or mailing it via certified mail. #TaxDay

[Politte Law @PolitteLaw]

Yesterday, the U.S. filed charges against Hunter Biden for willfully failed to pay income tax on over $1.5 million of income in both 2017 and 2018. He agreed to plead guilty for a recommended 24 months' probation.
Call me, a #TaxAttorney, before you get yourself in this position!

[Politte Law @PolitteLaw]

Estimated tax payments for the second quarter of 2023 are due Thursday: June 15th! (If you live in CA, AL, GA, or other areas affected by recent disasters, you may have until Oct. 16th. Check the IRS's website.)
For more info:
https://t.co/oksk8ntAt8

[Politte Law @PolitteLaw]

Over the holiday weekend, President Biden and GOP House Speaker Kevin McCarthy agreed on a bill that will suspend the U.S.'s debt ceiling. As part of the deal, the IRS will lose $21 million of the previously allocated additional funding of $80 million (over the next 10 years).

[Politte Law @PolitteLaw]

Happy Tax Day! Individuals who are required to file a 2022 tax return must file their return or an extension today!
#TaxDay
Remember: an extension only extends the filing deadline, not the payment deadline which is also today.
IRS Form 4868 for extensions: https://t.co/DlH3KgK3iQ

[Politte Law @PolitteLaw]

Estimated tax payments for the first quarter of 2023 are due tomorrow: April 18th! (If you live in CA, AL, GA, or other areas affected by recent disasters, you may have until Oct. 16th. Check the IRS's website.)

Use IRS Form 1040-ES
For more info: https://t.co/PIz0Pd93K8

[Politte Law @PolitteLaw]

Don't forget that next Tuesday, April 18th is the deadline to file your 2022 individual income tax return (or an extension to file) and to pay your 2022 taxes in full.
#TaxDay #DontForgetToFileYourTaxes #2022Taxes

[Politte Law @PolitteLaw]

If you filed an extension for your 2021 individual income tax return, don't forget the extended due date is a week from today. File by Oct. 17th! #TaxDay
(Because Oct. 15th falls on a Saturday, returns are due the next business day: Monday, Oct. 17th.)

[Politte Law @PolitteLaw]

Taxpayers who have not yet filed their 2019 and/or 2020 federal individual income tax return (IRS Form 1040) can avoid late-filing penalties for these years, which would otherwise be equal to 25% of the tax due on the return, if they file their returns by September 30th!

[Politte Law @PolitteLaw]

President Biden signed the Inflation Reduction Act of 2022 into law on Aug. 16th. Under the law, the IRS is getting an $80 billion boost in funding over 10 years, with $45.64 billion earmarked for tax enforcement spending, to include audits, collections and hiring new employees.

[Politte Law @PolitteLaw]

Estimated tax payments for the fourth quarter of 2021 are due today: January 18, 2022!
Use IRS Form 1040-ES.
https://t.co/PIz0Pd93K8