It has been difficult to track the multitude of changes to RMD rules over the last 3 years. In 2020, the starting age for RMDs was raised from 70 ½ to 72. That same year, RMDs were ultimately suspended for a year because of the pandemic. In 2022, the IRS changed the tables used to… Read More
On December 22nd the IRS surprisingly extended the previous deadline on January 3, 2022 to February 15, 2022. This extension applies to the filing of the 2020 tax returns and quarterly estimated tax payments that were originally due on September 15, 2021 and January 18, 2022. This applies to all taxpayers in Mississippi and Louisiana.… Read More
Effective this morning the IRS has extended the filing deadline for 19 Mississippi counties until January 3, 2022. So, the 2020 tax returns and the third quarter 2021 estimated tax payments are no longer due until January 3rd.… Read More
https://support.liscio.me/portal/en/kb/articles/how-to-scan-a-document-in-the-liscio-app… Read More
As you know, a lot has happened in the last year and a half. Everyone is having to modify and adapt to a new way of life. It was enough to make me realize that the way we do business needs to be improved to meet the challenging times. And we need to be ready… Read More
How Biden’s Business Tax Proposals Would Impact Taxpayers Across States We have all been hearing about potential increases in individual income taxes. This story from The Tax Foundation gives us a hint at what is being floated around in D.C.… Read More
It is official that the IRS filing deadline has been extended from April 15th to May 17th. This extension is automatic so no form will need to be filed with IRS. Mississippi (and most other states) have also extended the deadline until May 17th. Strangely, however, IRS did not extend the deadline for 2021 estimated… Read More