With tax season over and peak periods for disasters approaching, now is a good time for taxpayers to think about protecting important tax and financial information as part of a disaster emergency plan.

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The end of tax season can leave even the most seasoned tax professionals feeling burnt out. But it also offers a golden opportunity

The IRS has announced disaster tax relief for all Arkansas residents impacted by severe weather on May 24, 2024. Taxpayers now have until November 1, 2024, to file federal returns and make payments originally due between May 24 and November 1. This includes individual, corporate, and other entity filings, as well as estimated tax payments. Tax professionals should review clients' eligibility and adjust filing timelines accordingly.