Tax relief for taxpayers impacted by Winter Storm Fern in Tennessee; various deadlines postponed to May 22, 2026
The IRS announced this weekend tax relief for individuals and businesses in Tennessee affected by Winter Storm Fern that began on Jan. 22, 2026. Taxpayers now have until May 22,…
Key Business Tax Breaks
Crosslin wanted to keep these updates and opportunities available to you top of mind as we enter tax season. Below are the key business tax breaks under the One Big…
Year-End Tax Planning for Individuals
As we approach year-end, now is the time to review 2024 and 2025 tax situations and identify opportunities for reducing, deferring or accelerating tax obligations. Crosslin has put together a planning guide to help…
Newlyweds Tax Checklist
Summer wedding season has arrived, and newlyweds can make their tax filing easier by doing a few things now. A taxpayer’s marital status as of December 31 determines their tax…
Summer Activities That Could Affect Next Year’s Tax Return
While summer is a time for fun, it’s never the wrong time to be thinking about taxes – and some of those summer activities could have an impact. Below are…
Crosslin Promotes Payne to Principal
Crosslin has promoted Curtis Payne to principal in the audit department. In this role, he will assume a broader responsibility in leading the Crosslin audit team and focus on increased…
Here’s how to tell the difference between a hobby and a business for tax purposes
A hobby is any activity that a person pursues because they enjoy it and with no intention of making a profit. People operate a business with the intention of making…
Why it may take longer than 21 days for some taxpayers to receive their federal refund
The IRS issues most refunds in fewer than 21 days for taxpayers who file electronically and choose direct deposit. However, some returns have errors or need more review and may…
Taxpayers must report tip money as income on their tax return
For those working in the service industry, tips are often a vital part of their income. Like most forms of income, tips are taxable. Therefore, it’s also vital that people…
Tips to help taxpayers reduce tax-time stress
Each tax season comes with unique challenges and 2022 is no exception. The IRS wants taxpayers to get the information they need as quickly as possible. Taxpayers should keep these…