You may qualify for the Advance Child Tax Credit payments that congress approved based on your 2019 or 2020 tax return data. The IRS has sent out letters to those that have been identified as possible recipients of these new
Category: Tax Filing
Where’s My Refund?
Your return is filed and you’re expecting a refund. Where is it? The IRS has an online service to check on the status of your tax refund. Here is what you need to know. Read more at Weekly Tax Tip
Business Tax Deadline Dates in 2019
When are 2018 Business Taxes Due? Using your entity type, you can identify what your deadline is for filing business taxes and what it would be if you elect to take advantage of the extension, but you’ll also need to
Homeowner Alert! Review Your Tax Forms
Because of new laws many home related tax rules have changed and now require you to prove how funds are used to qualify for a deduction. This is catching many taxpayers by surprise. So when your mortgage company reports tax-related
Smaller Tax Refund This Year?
Refund Data The Tax Cuts and Jobs Act (TCJA), passed in December 2017, enacted a number of broad changes: It introduced new tax brackets, included an expanded child care credit and changed the way itemized deductions are factored in, etc. As
Good News for Taxpayers Who Under-Withheld
The Internal Revenue Service warned taxpayers to check their income tax withholding for almost all of 2018 due to how the Tax Cuts and Jobs Act (TCJA) affected tax brackets. Despite these warnings, it started to look like many taxpayers
Early Filers Alert!- Know whether you should file early
Tax filing season officially starts on Monday, Jan. 28. With the new rules and uncertainty around the shutdown, it’s more important than ever to get your tax records organized early. If any of the following situations pertain to you, consider
Caution! Watch For Incoming Tax Forms- Tax forms are arriving. Time to be prepared!
Tax forms come in more varieties than flavors of ice cream. Nearly any time something of value changes hands, there’s a specific tax form available to capture it for posterity. Check out the list below to familiarize yourself with some
Reminder: Business Owners – File W2, W3, and 1099 Forms by January 31
Reminder: Don’t forget January 31, 2019 is the deadline to file your information returns to avoid the late filing penalty. Also, distribute the forms to the recipients so they can file their tax returns. These forms must be submitted to the
Be Prepared – Client Tax Organizers
Be prepared. Create a folder or envelope where you will store your tax information as you receive it. This helps prevent lost paperwork, or scrambling to find your documents when you’re ready to file taxes. If you receive online documents, do