income taxes

Income Tax Extension Deadline Is Nearing. Are Your Taxes Filed?

If you didn’t file your income taxes by May 17, 2021, and requested an extension, October 15, 2021 will be here before you know it.  If you haven’t filed your 2020 taxes yet, time is running out for the filing of returns and payment of taxes owing – although getting an extension was not an […]

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Estimated Income Tax Payments

When you file your individual income tax return, do you usually owe taxes?  If you do, then this is an indication that you are either not having the proper withholdings from your paycheck OR if you do not receive a W-2 for income, then you should be making estimated payments. What is the consequence if […]

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Income Tax Filing For Seniors and Retirees

If you are a senior or a retiree, do you know that you can file your income taxes for free using Free File online, including the ability to use direct deposit for refunds?  This is available from various tax software companies, free of charge, and is accessible through the IRS website – irs.gov.    Using […]

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Important Tax Tips You Need To Remember

We received a little gift in that the deadline for our 2020 income tax returns was extended until May 17, 2021. While that extension may have allowed us to breathe a sigh of relief, one should not delay preparing and filing their returns. The extra month will come and go before we know it. If […]

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Income Tax Filing Deadline for 2020 Taxes

The IRS has announced that the filing deadline for individuals – Form 1040 – has been extended until May 17, 2021.  More information will be forthcoming, but if you were beginning to panic, you can now relax.  “This continues to be a tough time for many people, and the IRS wants to continue to do […]

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The 2019 Income Tax Deadline Is Quickly Approaching

We have all been through the most unusual four months of our lives with the pandemic.  Something that has not been experienced before in the lives of most people alive today.  Hopefully, the worst part of the pandemic is over, people follow the safe-distancing and mask-wearing protocols and life will slowly return to a more […]

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Additional Tips in Choosing a Tax Preparer

A couple of weeks ago we talked about resources to help in preparing your return.  If you haven’t prepared your return, here are a few additional tips from the IRS to help you choose a preparer: Check the Preparer’s Qualifications. People can use the IRS Directory of Federal Tax Return Preparers with Credentials and Select […]

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Questions About Tax Reform?

For over a year we have been hearing about the December 2017 Tax reform legislation.  But, how does it affect you? The IRS has attempted to provide resources to enable you to find answers to your questions by visiting IRS.gov.  Here is a reprint from an IRS blast that lists several of the resources that […]

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Avoiding The Rush

Below is a notice published by the IRS with regard to the upcoming Presidents Day holiday and the increased calls with the IRS and what you might be able to find online to answer your questions.  Hope it helps. IRS: Avoid the rush over Presidents Day holiday; online tools, resources can help WASHINGTON — With […]

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Has Your Personal Information Been Stolen?

As tax professionals, we most likely have more firewalls and tools in place than individuals to protect the information residing on our servers.  We are constantly checking to see if any breach has occurred and take steps to prevent any such breach. Many individuals prepare their own income taxes using any one of the various […]

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