by PTF | May 6, 2021 | Tax Preparation, Announcements
The Tax-Filing Deadline Is Around the Corner Article Highlights: Extensions Balance-Due Payments Contributions to Roth or Traditional IRAs Individual Refund Claims for the 2017 Tax Year Missing Information As a reminder to those who have not yet filed their 2020 tax...
by PTF | May 2, 2021 | Tax Preparation, Announcements
Refund Statute Expiring: Don’t Miss Out! Article Highlights: The refund statute expires on May 17, 2021 for unfiled 2017 returns. Unfiled returns will lose out on refundable credits. Refunds may be offset by unpaid child support, past due student loans, and back...
by PTF | Apr 23, 2021 | Announcements, Business Services, Individuals
May 2021 Individual Due Dates May 10 – Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 1110. Your employer is...
by PTF | Apr 18, 2021 | Announcements, Tax Preparation
IRS to Automatically Adjust Prior Filed 2020 Returns with Unemployment Income Article Highlights Prior Filed Returns with Unemployment Income American Rescue Plan’s $10,200 Exclusion IRS Automatic Adjustment Refund Application When an Amended Return Might Be Required...
by PTF | Mar 30, 2021 | Announcements, Tax Preparation
IRS Extends Individual Return Filing Date Article Highlights IRS Announcement Limited to Individual Tax Returns Tax Due Payments Further Extensions 2021 Estimated Tax Payments Not Extended The IRS has announced they are extending the filing due date for 2020...
by PTF | Mar 19, 2021 | Announcements, Individuals
It’s Official! Another Round of Stimulus Payments Approved by Congress Article Highlights: Economic Impact Payments High-Income Taxpayer Phaseout Reconciliation Dependents Decedents Social Security Number Requirements Non-Filers IRS Information Sites The American...
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