Tax News Update | January 2024
“It’s tax season. When I woke up this morning and realized it was tax season, I said, My God, didn’t we just pay taxes last year?” ~ David Letterman Instructors James Hockenberry, EA – Jim is the President of Back to Basics Income Tax Seminars and has over 31 years of experience in income tax […]
The Evolving Landscape of Tax Education
In our fast-paced world, tax education plays a pivotal role. As financial dynamics shift, our learning approaches must adapt. Modern challenges demand contemporary solutions. Addressing this need is Back to Basics Income Tax Seminars, a team providing state-of-the-art income tax online classes. Take a look at the changing face of tax education and understand why staying […]
IRS Provides Penalty Relief for 2020 And 2021 Tax Returns
Taxpayers who had a balance due for tax years 2020 and/or 2021 and did not receive balance due reminder notices due to the pandemic-related pause, may be eligible for automatic penalty relief. The IRS will automatically waive failure to pay penalties on assessed taxes less than $100,000 for tax years 2020 or 2021. Individual, business, […]