Tax Blog
Tips to help you prepare for tax season
The latest tax tips and news from TDMD Financial Service, LLC
IRS Digital Intake Initiative Underway
New technology could improve tax return processing time at the IRS
Paper returns have historically been slower to process due to the Internal Revenue
Tax Relief Extended for Disaster Victims in Alabama, California, and Georgia
The Internal Revenue Service recently extended tax relief for disaster victims in Alabama, California, and Georgia. Individuals and businesses in thes
SCOTUS Holds FBAR Penalty Determined on Per-Report Basis
Taxpayers with foreign bank accounts who forgot to file an annual Report of Foreign Bank and Financial Accounts (FBAR) received some good news at the
IRS Announces Direct Deposit for Amended Returns
Filing an amended return used to mean completing a paper form, regardless of how taxpayers submitted the original return to the Internal Revenue Servi
2022 Special State Payments Not Taxable
In 2022, millions of Americans received special state-issued payments designed to provide economic relief to residents struggling with financial burde
Clean Vehicle Credit Guidance Revises Classifications
As part of the Inflation Reduction Act of 2022, lawmakers made changes to the Clean Vehicle Credit that were meant to encourage the purchase of U.S.-m