The “Dirty Dozen”

The latest IRS “Dirty Dozen” was recently released providing the top 12 scams for 2021… Phishing: Creating fake emails or websites in order to steal personal information. Fake Charities: Exploiting the current pandemic or other natural disasters by posing as a fake charity and taking money from well-intentioned people. Impersonator Phone Calls: Calls come from...

What Can Dext Do For You?

The two most common excuses that keep people from reaching their goals are time and money. While money can be generated, time is a non-renewable resource and should be spent wisely. Have you ever caught yourself saying, I wish I could do that, but I’m just to busy? Or, I just need a little more...

What To Know About Crypto

Confused about cryptocurrencies? You’re not alone. Before you use or invest in cryptocurrency, know what makes it different from cash and other payment methods, and how to spot cryptocurrency scams or detect cryptocurrency accounts that may be compromised. Cryptocurrency, commonly referred to as crypto, is a type of digital currency that generally only exists electronically unless...

Possible IRS Delays

The IRS is holding up approx. 29 million tax refunds for manual processing! Additionally, their systems were not able to process many of the quarterly payments that needed to be sent by 4/15/21. You can try to track your return via the IRS website (www.irs.gov/refunds) but you would be absolutely correct to expect some delays....

That’s a Wrap….Almost

We did it! Tax Day has come and gone and the majority of returns made it to the IRS on time. That said, we still have a few extended returns to complete. For those who had to extend, we must receive your information before 9/24/21 in order to meet the 10/15/21 extended filings deadline. Please...

You Have Options

The vast majority of Americans get a tax refund from the IRS each spring, but what if you are one of those who end ends up owing?  The IRS encourages you to pay the full amount of your tax liability on time by imposing significant penalties and interest on late payments if you don’t. So if...

Hooray for HRA

Health Reimbursement Arrangements (HRAs) are a great alternative for small to medium businesses to offer as a benefit to employees instead of a group health insurance plan. HRAs are an individual based plan that can be used to reimburse employees for their medical care expenses including premiums for their individual health insurance. No more unnecessary...

Additional IRS Delays

In addition to the 29 million tax refunds that were held for manual processing and lack of staff, IRS employees are now saying that printers used by the submission processing functions are non-functional because they have run out of ink or the waste cartridge is full. It was reported that the contract for supplies and...

Tax Deadlines

As the finale to a roller coaster year, 2020 tax returns are coming due with more complications and changes than ever before. In fact, the need was seen to extend the 2020 individual tax deadline to May 17, 2021, in an effort to allow additional time to tax payers and those who are navigating the...