by Admin | Apr 26, 2021 | Business Taxes, Individual Taxes
May 10 – Report Tips to Employer – IndividualIf you are an employee who works for tips and received more than $20 in tips during April, you are required to report them to your employer on IRS Form 4070 no later than May 1110. Your employer is required to...
by Admin | Apr 6, 2021 | Individual Taxes
Thieves and IRS scammers use taxpayers’ natural fear of the IRS and other government entities to ply their scams, including e-mail and phone scams, to steal your money. They also use phishing schemes to trick you into divulging your SSN, date of birth, account...
by Admin | Apr 2, 2021 | Individual Taxes
The IRS announced on March 31, that it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent law change made by the American Rescue Plan Act. The American Rescue...
by Admin | Apr 1, 2021 | Individual Taxes
A big increase in child tax credit for 2021 is part of President Biden’s stimulus package to help tackle the coronavirus pandemic and stimulate the economy. This stimulus package, which was passed by Congress on March 10, 2021 and is known as the American Rescue Plan...
by Admin | Mar 30, 2021 | Individual Taxes
With the passage of the CARES Act stimulus package early in 2020, the federal government began supplementing the normal state weekly unemployment benefits by adding $600 per week through the end of July 2020. When this provision ran out, and with Congress at a...
by Admin | Mar 29, 2021 | Individual Taxes
Effective July 1, 2021, the maximum amount of disposable earnings subject to garnishment will be based on the state minimum wage, which will be $9.50 per hour in Virginia because of the scheduled increase that begins May 1, 2021. The maximum amount subject to...
