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By now, you’ve heard about how an historically underfunded IRS expected a rough tax season and only has one person for every 16,000 calls they get.😱 “Our individual phone...
For the first time in 2 years, the federal tax deadline is back in April! The IRS announced the tax deadline for 2022 is April 18. Accountants are ready to say goodbye to the...
My client received a deficiency notice from the IRS saying that they received 1099K that was not reported on their 2019 tax return. The IRS after 10 months received our prior year...
The third economic impact payment, or EIP3, and advance child tax credit payments have added to the ever growing list of uncertainties when preparing 2021 tax returns. As filers...
For most people, as soon as they enter the workforce, they look forward to the day they can finally get out. What does that usually mean? Preparing for retirement.
Calling all accountants! As part of a pandemic-related effort to reduce in-person contact for accountants and taxpayers ahead of tax season, the IRS has extended its policy that...
2022 IRS Tax Deadline On April 18, 2022 In 2022, the IRS tax deadline will feel a little bit more familiar than the last few years. Yep, that’s right—it’s back in April! But, it...
It’s almost time to stuff our faces with delicious food with family and friends this Thanksgiving...which means it’s also almost time to shop for some major sales! We all know the...
Until recently, the only tax-related law that was passed in 2021 was the American Rescue Plan Act, Public Law No: 117-2 on March 31, 2021. For a U.S. law, it was actually pretty...
Did you attend Canopy’s Innovation Summit?! We hope you enjoyed it as much as we did. But, if you didn’t attend, don’t worry! We are going to tell you exactly what you missed....
Did you know this week isn’t just any ordinary week? On Nov. 10, it’s actually a really special day...National Accounting Day! But, we think you deserve to celebrate the entire...
The past year has been a whirlwind for accountants across the industry, leading to impressive innovation in the profession. Here at Canopy, we want to celebrate, highlight and...
Many states affected by recent natural disasters, including Hurricane Ida, have received tax extension deadline...extensions.
The Internal Revenue Service is now offering a tax deadline extension for victims of Hurricane Ida to Jan. 3, 2022. Tuesday's announcement comes as the Category 4 hurricane has...
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