by PTF | Jul 2, 2021 | Tax Representation, Articles, Individuals
The IRS is Resuming Collection & Enforcement Activities That Were Paused During COVID-19 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, this...
by PTF | Jun 30, 2021 | Individuals, Business Services
July 2021 Individual Due Dates July 1 – Time for a Mid-Year Tax Check-Up Time to review your 2021 year-to-date income and expenses to ensure estimated tax payments and withholding are adequate to avoid underpayment penalties. July 12 – Report Tips to...
by PTF | Jun 28, 2021 | Tax Preparation, Individuals
Haven’t Received Your Tax Refund Yet? Article Highlights Slow Refunds COVID-19 Economic Impact Payments Recovery Rebates Unemployment Debacle Using 2019 Income to Compute 2020 EITC and Additional Child Tax Credit Other Issues Where’s My Refund Tool IRS May Pay...
by PTF | Jun 23, 2021 | Articles, Individuals, Tax Representation
Don’t Lose Your Passport Because of Unpaid Federal Debt Article Highlights: Notice CP508C Seriously Delinquent Tax Debt State Department Certification Passport Restrictions Lifting Restrictions Overseas When Restrictions Applied The IRS has begun issuing notice CP508C...
by PTF | Jun 11, 2021 | Articles, Individuals, Tax Preparation
Unpaid Debt Taking Your Tax Refund? Article Highlights: Bureau of the Fiscal Service Allowable Refund Offsets Disputing an Offset Injured Spouse Claim We all look forward to receiving our tax refunds, but what if you were expecting a refund and it never arrived? It...
by PTF | Jun 10, 2021 | Articles, Individuals, Tax Preparation
Did You File Before Congress Passed the Unemployment Tax Exclusion? Here is How the IRS is Handling the Situation Article Highlights: American Rescue Plan Act Unemployment Income Exclusion Early Filers IRS Automatic Adjustment Refund Schedule Method of Payment Refund...
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