by Admin | Jun 7, 2021 | Individual Taxes
Generally speaking, tax return mistakes are a lot more common than you probably realize. Taxes have grown complicated and COVID tax relief has made many changes; the paperwork required to file proper tax returns is often convoluted. This is especially true if...
by Admin | Jun 3, 2021 | Individual Taxes
The IRS has begun issuing notice CP508C to taxpayers with “seriously delinquent” tax debt and the service has resumed its program of notifying the State Department of taxpayers’ unpaid federal debts. The U.S. Department of State generally will not...
by Admin | May 10, 2021 | Individual Taxes
As part of its oversight role, Congress is constantly assessing the economic health of the United States, so hearing from Internal Revenue Service Commissioner Chuck Rettig that the country may be losing up to $1 trillion a year in evaded taxes is an obvious cause for...
by Admin | May 7, 2021 | Individual Taxes
President Biden presented his proposed American Families Plan (AFP) during his Joint Session of Congress address on April 29, 2021. What follows is an overview of what is included in the plan. But this is only his wish list; Congress will need to draft proposed...
by Admin | May 6, 2021 | Individual Taxes
The IRS has published a webpage to provide guidance to taxpayers on advance child tax credit (CTC) payments in 2021. Some background about the child tax credit – Taxpayers are allowed a CTC – temporarily expanded and made refundable for 2021 by the...
by Admin | Apr 27, 2021 | Individual Taxes
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...
