December 2020

Great news to end the year. According to IRS IR-2020-280, stimulus direct deposits may be going out as soon as December 29 and checks will begin to be mailed on December 30. The legislation provides a direct payment of $600 for individual adults who meet the income...

November 2020

The IRS is encouraging everyone to get ready to file taxes in 2021. Remember to keep all forms that show your income, credits, and deductions. If you owed money last year or experienced any personal or financial changes that might affect your taxes, you should check...

October 2020

If you owed taxes or got a big refund when you filed your 2019 tax return, you may want to check your withholding. The IRS supplies a withholding estimator on its website. The estimator helps people determine if they are having the right amount of taxes withheld from...

September 2020

President Trump has been trying to get an employee payroll tax cut for months but instead, it is a payroll tax deferral. The taxes would be required to be paid sometime after the end of the year. Employers are not required to comply with the payroll tax deferral...

August 2020

The IRS is continuing to experience enforcement struggles.  In 2019 the audit rate was .4% and 2020 appears to be even lower.  This doesn’t mean you can just not pay your taxes without consequences.  There are several areas that the IRS is focusing their attention. ...