The W-4 form has been revamped by the IRS. The IRS’ goal is to simplify the W-4 form to reflect a transparent withholding system. The 2021 W-4 form is still in it’s draft stages, but will most likely reflect the 2020 W-4. Although the 2020 and 2021 W-4 forms appear different from previous forms, we’re […]
Rushing to file your tax return at the last minute? We get it. Life is busy, especially when working from home with family or if you have other priorities. If filing your taxes has slipped your mind, we’re here to help. The good news is, you can still file. Here’s what you need to know. […]
The IRS already announced the inflation adjustments for next year. Although the e-file and extension deadline is in a month, the year is almost gone. 2020 has been more than a roller coaster ride, and the next tax season is only a few months away. Many taxpayers may wonder how their stimulus payments affect your […]
Jobless Americans are worrying about their unemployment benefits. Since the extra $600 weekly benefit disappeared, their income is significantly less. Those who are out of work depend on their unemployment income to pay their bills. Recently, President Donald Trump issued a measure for $400 per week to aid Americans. However, instead, it’s an additional $300 […]
Many taxpayers are confused as to why the IRS is rejecting their 2019 tax returns when they haven’t filed as yet. There’s a reason for this, and you may be caught off guard if it happens to you. Did you use the IRS’ Non-Filers Tool? There are two tools, the Get My Payment Tool and […]
There has been a lot of confusion regarding economic stimulus payments. Many are wondering which tool to choose when they go to the IRS website to track their stimulus payment. There are two tools, the Get My Payment Tool and the Non-Filers Tool. Both tools have different requirements. Which tool do I use?
The IRS has approved an economic stimulus package due to the spread of the Coronavirus (COVID-19). A $2 trillion economic plan was passed by the Senate to combat the affects of COVID-19 on Americans. This stimulus plan includes payments to individuals, the self-employed, unemployment coverage, and more. Here are some common questions about the coronavirus […]
Amid all the chaos of the Coronavirus (COVID-19) outbreak, many taxpayers and lawmakers advocated for an extended tax deadline. Fortunately, the IRS has extended both the filing and payment deadlines. The extended tax deadline is good news for taxpayers who owe the IRS. Not only do they get extra months to file, they get extra […]
The 2020 tax season starts on January 27, 2020. January kicks off the new year and with a new year, comes a new tax season. Get a fresh start by finding out the new tax changes for your 2019 tax return. Additionally, check out some tax reminders below. Tax dates to remember It’s important to […]
Trying to understand anything tax related makes you feel like you’re back in grade school. However, it doesn’t have to be difficult. Here’s some sure-fire information that may help you out if you’re a first time filer, or if you have some general questions about claiming tax deductions. What’s the difference between claiming the standard […]
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