Protax Consulting Services Inc (PCSI) is committed to keeping our Client and Colleagues updated on the most recent developments related to the Covid-19 Tax Deadline Statuses. Tax deadline status-Tax Season 2019 Our firm is actively engaged and longtime members of the New York State S...Click here for more
Archive for the ‘2020 Tax Season’ Category.
The IRS announced the 2019 tax season standard mileage rates for business, medical, moving and charitable purposes. The Internal Revenue Service today issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitab...Click here for more
As is usual this time of the year the IRS advises the tax practitioner community and taxpayers of the upcoming 2020 inflation increases to such items as tax rate brackets, Standard Deductions and Exemptions and applicable phase out ranges for each, IRC Sec 911 Foreign Earned Income Exclusi...Click here for more
As is usual this time of the year the IRS advises the tax practitioner community and taxpayers of the upcoming 2020 Pension Plan limitations as pertains to ORC Sec 401(k) and the NPO corresponding 403(b), traditional and ROTH IRA's, Cat-up's and Defined Contribution Plans. The Internal ...Click here for more
With the tweaking on the IRS platform form the upcoming 2020 tax season for the 2019 US tax year about to come to a close, the IRS reminds us that tax season will officially kick off January 27, 2020! Anchors away. The Internal Revenue Service confirmed that the nation’s tax season ...Click here for more