News Archives - Heintzelman Accounting Services

IRS releases 2022 “Dirty Dozen” list

by Heintzelman Accounting Services | Jun 17, 2022 | Blog, News, Personal Finance, Taxes

From IRS.gov On June 10th, The Internal Revenue Service wrapped up its annual “Dirty Dozen” scams list for the 2022 filing season, with a warning to taxpayers to avoid being misled into using bogus tax avoidance strategies. The IRS warned taxpayers to...

Michigan joins other states by enacting a SALT Cap workaround for Pass-thru Entities

by Heintzelman Accounting Services | Jan 20, 2022 | Blog, Business Tips, Frequently Asked Questions for Businesses, News, Taxes

On Dec 20 Governor Whitmer joined several other states that enacted a work-around to the federal SALT Cap for owners of pass-through entities (Partnerships and S Corporations). If you are not familiar with the limitations that the SALT cap has placed on taxpayers,...

Congress Terminates the Employee Retention Credit Early

by Heintzelman Accounting Services | Dec 15, 2021 | Blog, News, Taxes

President Biden signed the Infrastructure Investment and Jobs Act (IIJA) into law on November 15, 2021. One of the provisions of that legislation retroactively terminated the employee retention credit (ERC) early. The credit was previously available to eligible...

Home Heating Credit

by Heintzelman Accounting Services | Oct 25, 2021 | Blog, News, Personal Finance

Gov. Whitmer Announced More Than 178,600 Michigan Households Are Receiving Additional Home Heating Credit Payment From the Michigan Department of Treasury: Governor Whitmer has announced that more than 178,600 Michigan households who received Home Heating Credits for...

IRS Unveils Online Tool to Register for Monthly Child Tax Credit Payments

by Heintzelman Accounting Services | Jun 18, 2021 | Blog, Frequently Asked Questions for Individuals, News, Personal Finance, Taxes

As we noted in prior articles, Congress has made substantial changes to the Child Tax Credit (CTC) for 2021. The CTC has been increased to as much as $3,000 per child ages 6 through 17 at the end of 2021, and$3,600 per child age 5 and under at the end of 2021....

Don’t Be a Victim to Scammers Impersonating the IRS

by Heintzelman Accounting Services | Apr 21, 2021 | Blog, News, Taxes

Thieves use taxpayers’ natural fear of the IRS and other government entities to plan their scams, including e-mail and phone scams, to steal your money. They also use phishing schemes to trick you into divulging your SSN, date of birth, account numbers, passwords and...

« Older Entries

IRS releases 2022 “Dirty Dozen” list

Michigan joins other states by enacting a SALT Cap workaround for Pass-thru Entities

Congress Terminates the Employee Retention Credit Early

Home Heating Credit

IRS Unveils Online Tool to Register for Monthly Child Tax Credit Payments

Don’t Be a Victim to Scammers Impersonating the IRS

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