Good news for taxpayers who received 2020 unemployment benefits and have already submitted their 2020 tax return! The IRS will not require an amended return to claim the new Unemployment Compensation Exclusion enacted in the American Rescue Plan. The American Rescue...
Question: What started the year as a speculation, became a rumor, and finished out St Patrick’s day as fact? Answer: Tax Day for individuals has been extended. Again. That’s right. The individual federal tax due date has been extended. This year, it has been pushed...
It’s happened. It’s March. The tax deadline is looming, and you still haven’t hired someone to do your taxes. Is it too late to hire a CPA and take that headache away? Of course not. It’s never too late to engage a Certified Public Accountant. However, depending on...
Confused about what to bring to your tax appointment? If not, you’re not alone in wondering. This question is one we get a lot at Tax Time CPAs. And whether you consider yourself tax-savvy or a tax novice, the answer may change from year to year and depend on your...
February is traditionally the month of love, and with all the chatter about love, taxes might not be the first thing that comes to mind. I’d say for most people, love and taxes don’t live in the same universe, let alone belong in the same sentence. In the week...
