*Note: In recognition of our employees incredible hard work this year, Friedman LLP will be closed from Friday, December 24 to Monday, January 3, 2022 to allow our staff to disconnect, re-energize, and spend time with family and friends during the holiday season. As a result, This Week In Tax will not be publishing next week. From our family to yours, we wish you a happy, healthy, safe, and peaceful new year.
The IRS has further extended filing deadlines for taxpayers in states affected by Hurricane Ida. Plus: learn more about electing for capital gains tax rates, in applicable circumstances.
When you’re being paid more than $500 million for your collected works it’s hard to say that you still just one of the “tramps like us.” That being said, if I could afford it I would pay that to be the rightful owner of everything Bruce Springsteen ever wrote.
Keeping with the spirit of the season, the IRS has now granted victims of Hurricane Ida an additional 43 days – until February 15, 2022 – to pay certain taxes, file the related returns, and execute a few time sensitive actions. You can review all the details on our update and our original article.