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Local Telephone Company, OTELCO, Has Problems
Our local telephone company, OTELCO, has a problem again. Our phones were down all day yesterday. Still down this morning. Trying to get them to address it this morning.
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Good News for Early Filers
“Keep Copies” of your electronically filed returns are on the way! Although we’ve been able to file returns electronically since January 24th, we were unable to print the paper versions of the forms until yesterday when the software update came. We had a backlog of 645 files, all of which had been filed, just not…
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Remote Telephone Appointments have become Routine for Many
Many of our clients are uploading their tax documents to us through our Secure Portal. It’s fast, easy and most of all very secure. You can too! Simply go to the Cook & Co. Tax Advisors Portal… Once you’re in your private portal space, you simply drag and drop documents or select “Browse File” under…
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Cook and Company Welcomes Three New Staff
Karen will be running our Mail Station this season. Many of you may know Cheryl, who is helping us this season at the Receptionist station. Her husband Garry worked here many years and passed away last year. Patrick is serving as our Document Management Specialist. We could not process the workload in this ten week…
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Common Documents We Need At Tax Time
Related To Income W-2 Forms for wages and withholdings 1099-R Forms for retirement or IRA income 1099-SSA Forms for social security benefits 1099-INT for interest income on savings 1099-DIV for dividend income from investments 1099-B for stock sales 1095-A for Health Insurance Premium Subsidy Schedule K-1 for Business or Investment Related To Deductions Form 1098…
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Office Closed Today Monday Jan. 3, 2022
Due to hazardous driving conditions.
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Holiday Schedule
Our office will be closed for 2 weeks, December 20 through December 31. We will reopen Monday January 3. During this annual shutdown, our computer systems and telephone system will be unavailable at times for upgrades.
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IRS provides Tax Inflation Adjustments for tax year 2022
The Internal Revenue Service today announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2021-45 provides details about these annual adjustments. Highlights of changes in Revenue Procedure 2021-45: The tax year 2022 adjustments described below generally apply to tax…
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Phasing Out of Hall Income Tax
Hall Income Tax Phased Out Over Last 4 Years Beginning January 1, 2017, Public Chapter 181, Section 13 of the IMPROVE Act reduces the Hall income tax rate by 1% each tax year through the year beginning January 1, 2020. The Hall income tax is fully repealed for tax years beginning January 1, 2021.
