Editorial team of TFX
Articles
IRS announces e-filing shutdown for system update
Jan 2025 update The IRS has announced that the 2025 tax season will begin on Monday, January 27, 2025... read more...
Qualifying Advanced Energy Project Tax Credit program opens full applications for Round 2
The U.S. Department of Treasury, the IRS, and Department of Energy (DOE) have announced the opening of full applications for Round 2 of the Q...
Kamala Harris’s tax proposals: Unpacking the potential impact on American taxpayers
Vice President Kamala Harris has endorsed a series of tax proposals included in President Biden’s 2025 budget, aiming to raise over $5 trillion in revenue over the next decade. These plans include a range of tax inc...
IRS announces tax relief for victims of natural disasters in Puerto Rico and South Dakota
The IRS has announced tax relief measures for individuals and businesses affected by recent severe weather events in Puerto Rico and South Dakota. Both areas have experienced significant disruptions due to natural disasters, prompting the IRS to extend filing and payment deadlines to February 3, 2025. Tax relief for Puerto Ri...
IRS provides tax relief to Minnesota storm victims
The IRS has announced tax relief measures for individuals and businesses in 25 Minnesota counties impacted by severe storms and flooding that began on June 16, 2024. Affected taxpayers will benefit from extended deadlines for filing returns and making tax payments. Affected counties and eligibility Tax relief is av...
IRS provides tax relief to Hurricane Debby victims in South Carolina, Florida, North Carolina, and Georgia
The IRS has announced significant tax relief for individuals and businesses affected by Hurricane Debby in South Carolina, Florida, North Carolina, and Georgia. Taxpayers in these areas now have extended deadlines to file their federal tax returns and make payments. Areas eligible for relief The tax relief applies ...