August 2021

Scammers are using the Child Tax Credit as a new method to try to steal your personal or financial information.  The scammer will pretend to be the IRS and even use a fake IRS website by posing as the IRS. and requesting information using the Child Tax Credit program...

July 2021

The IRS announced that as of June 25, there was a backlog of 16.7 million 2019 and 2020 individual tax returns.  The IRS expects to have the 2019 returns processed by the end of the summer. Taxpayers are receiving mixed messages from the IRS with erroneous notices and...

June 2021

The IRS is using information from Form 1099-K for audits.  If your business makes sales by credit card, it is important to correctly report the income on your income tax return.  If you don’t report the income from credit card sales on the correct line of your income...

May 2021

The IRS has expanded the dependent care credit.  The credit has been expanded in several ways.  The maximum amount of eligible expenses has almost tripled. The maximum rate has increased from 35 percent to 50 percent. Currently the new dependent rules are only for...

April 2021

The deadline for filing the 1040 returns for 2020 has been extended until May 17, 2021. However, the deadline for paying the 1st estimated payments remains on April 15. The amount of the estimated payments is based on the tax liability of the previous year....

Subscribe To Our Newsletter

Join our mailing list to receive the latest news, tax tips, and updates from our team. 

You have Successfully Subscribed!