The articles here are written by me for you. The best answer in taxes is “it depends.” The constant changes and complicated interplay of each code section is a challenging puzzle to solve. My goal is to take the puzzle pieces and turn them into a discussion. Feel free to look through the articles and send me questions or topic…
Tag: #Taxes
The Countdown is Over
Let me sum up
Countdown to E-file Season 2022
Where is the Federal Withholding
Countdown to E-file Season 2022
Lessons to help you hit the nail instead of your thumb
Countdown to E-file Season 2022
Day 2: ACTC and EIP might bring surprises
Countdown to E-file Season 2022
10 Day Countdown to E-File Season 2022
What We Know So Far
The American Rescue Plan Act of 2021 created a unique situation to benefit families who are working to recover from the economic impact of the COVID-19 Pandemic. As with all new programs, there are lots of questions; add in the complicated nature of our tax code and the only answer you will get is, it depends. Here are the highlights,…
An Update from the Front Lines
The IRS has a page they keep updated and I just found this update from last Friday. I know we have several clients who have found themselves in this situation. https://www.irs.gov/newsroom/irs-operations-during-covid-19-mission-critical-functions-continue Filed an Individual Tax Return (Form 1040) for tax year 2019 or tax year 2020, a Business Tax Return or an Amended Return (updated April 30, 2021) The IRS…
Stimulus Hullabaloo
Yes, we need to know about your stimulus payments… here is why
Rundown of New Provisions
Here is a quick rundown of the top 3 individual and business tax provisions in the COVID-Related Tax Relief Act of 2020 (part of the Consolidated Appropriations Act, 2021). Individual Provisions Economic Impact Payments – You may have already received a pending notification regarding your “second stimulus.” Please note, currently the law only allows $600 per taxpayer, spouse, and…