June 18, 2021
The IRS is reporting that it is resuming “certain collection and enforcement processes that had been suspended because of the coronavirus pandemic.” On June 15, 2021, […]
June 18, 2021
You are not alone. We have been hearing from clients who are still waiting on refunds from returns filed early in the year. In normal times, […]
June 18, 2021
2021 is the Year of Substantial Tax Breaks for Families with Children and Lower-Income Taxpayers. This is an overview of the several tax benefits that were […]
June 18, 2021
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 […]
May 27, 2021
My Tax Return for 2020 Has Been Filed – What If I Find Out I Made A Mistake? Generally speaking, tax return mistakes are a lot […]
April 21, 2021
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 […]
March 17, 2021
Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number of sites host money-raising projects for fees generally ranging […]
March 17, 2021
As part of the CARES Act, the requirement for older taxpayers to take required minimum distributions (RMDs) from their retirement plans was waived for 2020. This […]
March 17, 2021
Most taxpayers think they have to itemize their deductions to claim them on their tax return. However, that is not entirely true. There are certain deductions […]