What you need to know about the IRS’ pandemic backlog
The COVID-19 pandemic not only impacted people’s lives, in some cases, it also impacted their tax returns. According to a Sept. 2021 report issued by the Treasury Inspector General, the widespread closures of tax processing centers throughout the US led to an unprecedented backlog of tax returns. “As of the week ending December 31, 2020, […]
What You Need to Know About This Year’s Tax Season
This year’s tax filing deadline is just around the corner, and the IRS wants you to be aware of some changes that are specific to this year. The filing deadline has been bumped to April 18 Although April 15 has been the historic filing deadline, this year’s deadline has been bumped to April 18 for […]
What you need to know about extended tax returns
What you need to know about extended tax returns Most people don’t know that the tax filing deadline isn’t set in stone. If you’re unable to file by April 18, you can apply for an extension. What you do need to keep in mind is that if you think that you’ll owe money to the […]
What to Know About Virtual Tax Appointments
If the COVID-19 pandemic taught us anything, it taught us that not all appointments need to be conducted in person. This year, if you’ve decided to opt for a virtual tax appointment, you’re not alone. Although exact statistics regarding the number of people who’ll opt for virtual versus in-person appointments this year is not available, […]
Tax Season Deadlines You’ll Want to Be Aware Of
Tax season is in full swing- and if you haven’t already started preparing for it, you’ll want to get started right away. Below are just a few of the dates and deadlines you’ll want to keep in mind. Most people need to file their taxes by April 18 According to a press statement by the […]
When should I start prepping for my tax appointment?
Tax season is fast approaching—and it’s never too early to start prepping for your tax appointment. Ideally, you would have started preparing for your 2021 tax appointment at the start of that tax year. When you begin to organize your finances sooner than later, it will make filing that year’s taxes much easier. Consider […]
What Happens if You Forget to File a 1099 Form?
If you’re a self-employed freelancer or you own a small business, you may receive one or more 1099 forms from your clients. As a general rule of thumb, any client that paid you more than $600 for goods or services during the 2021 tax year is required by ghostwriting hausarbeit. You should also keep […]
Do You Need to File a Form 1099?
If you ever worked as an independent contractor, you’re likely familiar with 1099 forms. Simply stated, a 1099 form is a tax form you receive from a person, company, or organization that you did work for. The primary difference between this and a W2, is that people who receive W2 forms are considered “employees” as […]
Key Documents to Bring to Your Tax Appointment
Tax season is coming up fast—and if you plan on working with a Certified Public Accountant, you’ll want to start preparing now. Below are just a few of the things you’ll need to bring to your appointment. Personal information When you meet with your tax professional, you’ll need to have a Photo ID, social security […]
Top 3 Reasons Your Small Business Should Hire a CPA Firm
Tax laws are complicated, and the tax code is constantly changing. Suffice to say, small business owners can benefit greatly from working with a professional. Hiring an accountant is good, but working with a full-service CPA firm is a lot better. Below are just a few of the reasons you should hire one. They can […]