IT IS TIME TO FILE! The IRS started to accept electronically filed tax returns today, January 24, 2022. DON’T WAIT! CONTACT US TODAY if...

You should know that loan proceeds received under the Paycheck Protection Program (PPP) are not taxable income, regardless if the loan...

Forms W-2 are normally due to workers by January 31. Forms 1099-MISC, Miscellaneous Information and Forms 1099-NEC, Nonemployee...

Filing of 2021 tax return can help those who don’t normally file claim a refundable tax credit or get an income tax refund. You can claim...

You have two options when completing a tax return, take the standard deduction or itemize your deductions. It is best to use the option...

Individuals who didn't qualify for a third Economic Impact Payment or got less than the full amount, may be eligible to claim the 2021...

Be aware that the 2021 fourth quarter estimated tax payment is due January 18th, 2022. Individuals, including sole proprietors, partners,...

This year’s tax filing deadline is on Monday, April 18th for most people. The IRS urges taxpayers to file electronically with direct...

The IRS will begin accepting and processing 2021 tax returns starting Jan. 24, 2022. The IRS cannot issue refunds for returns that...

If you are the business owner and get paid through digital apps like PayPal, Zelle, Cash App or Venmo, earnings over $600 will now be...

Those families who did not receive any advance Child Tax Credit payments can claim the full amount of the Child Tax Credit on their 2021...

On December 6th, 2021 the Internal Revenue Service issued guidance for employers regarding the retroactive termination of the Employee...

The IRS may provide administrative relief from a penalty under its First Time Penalty Abatement policy. You may qualify for...

RMDs are required minimum distributions investors must take every year from their retirement savings accounts, including traditional...

Did you know that you can order copies of tax records including transcripts of past tax returns, tax account information, wage and income...

There is an amazing tool on the irs.gov website that will help you determine if you're eligible for certain educational credits or...

Gambling winnings are fully taxable and you must report the income on your tax return. Gambling income includes but isn't limited to...

If you work as an employee, you might not need to make estimated tax payments if you have more tax withheld from your paycheck. But some...

Tax planning is for everyone. Get ready today to file your 2021 federal income tax return. Planning ahead can help you file an accurate...

Write-offs from depreciation can impact real estate investors’ taxes in significant ways, saving them hundreds to thousands of dollars...