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    Month: June 2024

    IRS Sending Notices in Error

    Practitioners have observed that the IRS has been sending erroneous balance-due notices indicating that payments are due for 2023 income tax returns, even though payment of all taxes due had already been made on time and in full either by check or by debit. Recently, the IRS acknowledged the error related to these notices and said that taxpayers (or their representatives) do not need to contac...

    PTET Estimated Tax Reminder

    Estimated taxes for the New York pass-through entity tax (PTET) are next due on Monday, June 17, 2024. New York online services accounts (https://www.tax.ny.gov/online/) allow taxpayers to schedule all quarterly estimated tax payments for the current tax year in advance. Practitioners should recommend or assist clients with scheduling the payments in advance, so that it is not a task that will...