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Extended Office Hours End this Week
Although the federal tax filing deadline has been delayed for 30 days, our schedule will revert to After Tax-Season hours on April 16th. The Covid Pandemic has wreaked havoc in so many lives for the past year. We are so fortunate that it has not touched us at the office in any way other than…
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Foreign Bank Account Reporting
IRS reminds foreign bank and financial account holders the FBAR deadline remains April 15 The Internal Revenue Service is reminding U.S. citizens, resident aliens and any domestic legal entity that the deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is still April 15, 2021. The extension of the federal income…
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2020 Premium Tax Credit
IRS suspends requirement to repay excess advance payments of the 2020 Premium Tax Credit; those claiming net Premium Tax Credit must file Form 8962 WASHINGTON — The American Rescue Plan Act of 2021 suspends the requirement that taxpayers increase their tax liability by all or a portion of their excess advance payments of the Premium…
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Tax Reminders
Confusion abounds as some deadlines were extended and others were not! IRS reminds taxpayers to make April 15 estimated tax payment The Internal Revenue Service today reminded self-employed individuals, retirees, investors, businesses, corporations and others who pay their taxes quarterly that the payment for the first quarter of 2021 is due Thursday, April 15, 2021.…
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Early Closing Due to Weather Alert
Our office will close at 2:00 pm CDT due to severe winds and lightning in the Arab area.
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Don’t Delay, Just Because You Can
Everyone knows the April 15th tax filing deadline was extended to May 17th, but… There are many reasons that you should go ahead and file as soon as possible, even if you think will owe additional taxes. Although the federal government is giving everyone this additional 30 days to pay, the State of Alabama will…
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Easily Scan Documents with iPhone
Some tax documents should be scanned rather than photographed before uploading to us. Occasionally we have problems enlarging photographed documents to a readable state. If you have a photograph of a document you are sending to us, be sure to select “Original Size” or “Large” when your iPhone asks what size you want to send.…
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Tax Filing Deadline Extended 30 Days, but…
This relief does not apply to estimated tax payments that are due on April 15, 2021. These payments are still due on April 15. Taxes must be paid as taxpayers earn or receive income during the year, either through withholding or estimated tax payments. In general, estimated tax payments are made quarterly to the IRS…
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2021 Economic Impact Payment Status
Find when and how the IRS sent your 2021 Economic Impact Payment with the Get My Payment tool. IRS, Treasury disbursed 90 million Economic Impact Payments from the American Rescue Plan The first batch of payments were mostly sent by direct deposit, which some recipients started receiving this past weekend. As of today, all recipients…
