IRS NEWS

• Here’s how taxpayers can check the status of their federal tax return - Read Here

• Penalty Relief Due to First-Time Penalty Abatement or Other Administrative Waiver - Read Here

• Understand how to report large cash transactions - Read Here

CORPORATIONS

• CORPORATIONS Tax Deadline is March 15, 2024, for the 2023 tax year.

• *** MANDATORY EXTENSION FILING REQUESTS - ARE REQUIRED BY EMAIL.

  It will not be automatically filed unless we receive a request in writing.

  Email: Christinastax1@yahoo.com or call the Office at 713-781-8291.

FRANCHISE

• Filing a FRANCHISE Tax Return Deadline is May 15, 2024, for the 2023 tax year.

• Franchise Tax Return is filed with the Corporate Tax Return.

• WEB FILE NUMBER #: [MANDATORY FOR TAX PREP]

  The State of Texas will assess a penalty for filing a Franchise Return without a Web File Number. Please provide a Web File Number in order to prepare a Texas State Franchise Return for Tax Year 2023.

  • Web File Contact Telephone#: 800-252-1381

• *** MANDATORY EXTENSION FILING REQUESTS - ARE REQUIRED BY EMAIL.

  It will not be automatically filed unless we receive a request in writing.

  Email: Christinastax1@yahoo.com or call the Office at 713-781-8291.

Individuals

• INDIVIDUAL Tax Deadline is April 15, 2024, for the 2023 tax year.

• *** MANDATORY EXTENSION FILING REQUESTS - ARE REQUIRED BY EMAIL.

  It will not be automatically filed unless we receive a request in writing.

  Email: Christinastax1@yahoo.com or call the Office at 713-781-8291.

Tax Changes

• MANDATORY - STATE OF TEXAS: A Web File number is required to file a Franchise Return for the 2023 Tax Year.

• Pension distributions and penalty waiver due to COVID - see IRS.gov

USEFUL LINKS

• U.S. Small Business Administration (Loan Request) - See IRS.gov here