by Tax Crisis Institute Staff | Sep 13, 2021 | IRS Tax Help, Tax News
Deferred income tax is a liability owed by a company or individual which must be paid at a later time. A prime example of this is 401(k) retirement where an individual may contribute part of their earnings pre-tax directly to their retirement with the understanding... 
by Tax Crisis Institute Staff | Aug 15, 2021 | Tax News
A rollback tax is collected when properties change from agricultural to commercial or residential use. They are based on the difference between the tax paid and the tax that would have been paid if an agricultural use exemption had not been granted. In the United... 
by Tax Crisis Institute Staff | Jun 22, 2021 | IRS Help, IRS Tax Help, Tax News
Individuals usually have to file their federal income tax returns by April 15, but that date was moved forward to May 17 in 2021 to give Americans more time to prepare their financial information while coping with restrictions imposed to curb the pandemic. Although... 
by Tax Crisis Institute Staff | May 13, 2021 | IRS Help, State Tax Help, Tax News
Are you wondering what happens if you file your taxes twice? The answer is quite simple, when the IRS receives two tax returns with the same SSN, they reject the second return and send it back to the taxpayer with a notification letter bearing the error code 0515. Tax... 
by Tax Crisis Institute Staff | Apr 1, 2021 | IRS Help, Tax News
How Do I Apply For A Paycheck Protection Loan The Paycheck Protection Program or PPP is a loan that is designed to provide an incentive for small businesses and others to keep their employees on the payroll. Some borrowers are even eligible for PPP loan forgiveness,... 
by Tax Crisis Institute Staff | Mar 15, 2021 | Tax News
Did you know that you need to keep up with tax documents and financial records of deceased individuals? If you are the executive of the will for someone, it is your job to have those records for at least 3 years. Many professionals will recommend that you keep them...
