As the new tax year approaches, it's time to start sorting all tax documents. Here are some tips to make sure your tax preparation is efficient and smooth this year. Keep all tax documents in one place. This seems obvious, but we all find … [Read more...] about Organizing Your Tax Records
Updates & Tax News
Tax Season Extension and its Effects
The IRS issued a statement extending the tax season for Federal returns from its annual deadline of April 15th to July 15th. This extension brings some relief to the ones that owe money, but leave some confusion to the ones that have already filed, … [Read more...] about Tax Season Extension and its Effects
The CARES Act of 2020
Tax changes under the CARES Act On March 27, 2020, President Donald Trump signed into law a $2 trillion bipartisan Coronavirus Aid, Relief, and Economic Security Act, H.R. 748 CARES Act. This act includes a modification to the Internal Revenue … [Read more...] about The CARES Act of 2020
COVID-19: Economic Impact Payments
On April 1, 2020, The Treasury Department and the IRS announced the distribution of the economic impact payments should begin within the next three weeks. No further action will be required for the Taxpayers who filed their 2019 personal return. The … [Read more...] about COVID-19: Economic Impact Payments
