IRS: Hold onto two letters before 2021 tax filing season Americans who received the third round of stimulus checks or an advanced child tax credit payment should be on the lookout for two important letters from the Internal Revenue Service. The IRS said that it began issuing the letters on child tax payments in December […]
2020 Tax Deadline Extension: What Is and Isn’t Extended? Due to the COVID-19 pandemic, the federal government extended this year’s federal income tax filing deadline from April 15 to July 15, 2020. This extension is automatic and applies to filing and payments. So if you owe taxes for 2019, you have until July 15 to pay them without interest […]
The Internal Revenue Service is a giant. How do you get rid of a giant?You hire a professional. No matter what the IRS wants you to believe, you don’t have to face suffocating tax problems on your own. In fact, you don’t have to face the IRS at all. I want to do it for […]
The Internal Revenue Service and the Security Summit partners have issued warnings to all taxpayers and tax professionals to beware of scams and identity theft schemes by criminals taking advantage of the combination of holiday shopping, the approaching tax season, and coronavirus concerns. Here are a few basic steps everyone should remember during the holidays and as […]
Whether it’s something they’ve been doing for years or something they just started to make extra money, taxpayers must report income earned from hobbies in 2020 on next year’s tax return.
Whether it’s something they’ve been doing for years or something they just started to make extra money, taxpayers must report income earned from hobbies in 2020 on next year’s tax return.
Accountants do more than tax filing, they can take a comprehensive look at your finances and give you a forecast through the year so your business stays healthy and thriving.
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