Caven & Associates, Inc.

Serving Small to Medium Size Businesses and Individuals since 1977

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About Us
Firm Profile
Client Services
Make A Payment
Where Is My Refund
Links
Contact Us

Where Is My Refund

Please click the button below and it will redirect you to the offical IRS website page “Where Is My Refund”.

TAX NEWS

Executive Order Doesn’t Allow IRS to Ignore the Law

Executive Order 13765, issued in 2017, is aimed at minimizing the economic burden of the Affordable Care Act. However, the IRS has indicated that this doesn’t give the Service the authority to change the tax treatment of lump-sum Social Security benefits with respect to the premium tax credit (ILM 201949001). Here’s the problem: When a [...]
IRS Interest Rates for Q1 2020

The interest rates on overpayments and underpayments are unchanged from the fourth quarter of 2019 (Rev Rul. 2019-28). The rates are: Noncorporate overpayments and underpayments: 5% Corporate overpayments: 4% generally, but 2.5% for corporate overpayments exceeding $10,000 Corporate underpayments: 5% generally but 7% for large corporate underpayments The 5% rate is used to figure estimated [...]
How Much Disclosure Is Needed to Avoid an Understatement of Tax Penalty?

The IRS has provided guidance on what disclosure is treated as “adequate” to avoid a 20% penalty for a substantial understatement of tax (Rev. Proc. 2019-42, updating Rev. Proc. 2019-9). Here’s the potential penalty and how to avoid it with respect to an income tax return filed on a 2019 tax form for a taxable [...]
Massive Tax Measure Impacts Prior, Present, and Future Taxes

A domestic spending package, called the Further Consolidated Appropriations Act, 2020 (H.R. 1865) which was signed into law on December 20, 2019, makes $426 billion in tax cuts. Here is a brief overview of the key changes impacting individuals (the measure also contains numerous business-related changes not discussed here). Extenders. Many individual income tax breaks [...]

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RT @PeteBlackburn: JONATHAN QUICK IS HERE AND HE IS MAD https://t.co/EoMSfIA6sF

h J R

@cavenassociates

- 3.2872606861999 year ago

RT @IRSnews: RT @IRS_Patricia: Did you file an extension this year? Check this tax tip if you have yet to file. Oct. 17 deadline https://t.…

h J R

@cavenassociates

- 3.2877127092846 year ago

RT @IRSnews: #IRS: Check your #tax withholding as 2016 winds down. Consider adjusting. New factors may delay refunds in ‘17 https://t.co/g4…

h J R

@cavenassociates

- 3.2877134386098 year ago

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