Advance Child Tax Credits – Don’t Take the Bait!

The Advance Child Tax Credit has been expanded for 2021. Many taxpayers may think of this as an advantage, however, for some, it has the potential to be harmful! While the advantage to be enrolled or unenroll is determined on an individual basis, taxpayers should consider unenrolling if any of the following conditions apply: Child […]

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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. […]

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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 […]

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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 […]

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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 […]

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