Acade Tax Services, LLC

Fact vs Fiction..

https://news.bloombergtax.com/tax-insights-and-commentary/irs-is-hiring-new-employees-not-raising-an-army

A write up about me from this new software that will literally free up 100s of hours of admin work, sort of my silent partner...

TaxDome on LinkedIn: 👹 5 different services VS 😍 All-in-one platform Utilizing TaxDome 👹 5 different services VS 😍 All-in-one platform Utilizing TaxDome, Darren Dowdell, owner of Acade Tax Services, switched to a fully digital office ...

You Have Several Options for Submitting Documents and Receiving Your Tax Return

For those laid off and furloughed due to the pandemic, I am offering 20% off my tax preparation fees. In addition to office appointments, I am now offering Zoom Video Appointments as well as scheduled drop-offs and pick-ups.

From one of the Enrolled Agent organization pages I subscribe to...

Treasury Secretary Steven Mnuchin announced the administration is “giving individuals and many businesses 90 extra days. Individuals can defer up to $1 million. All you have to do is file your taxes. You’ll automatically not get charged interest and penalties.”

As we go to press, this statement is all we have. Notwithstanding what you may have read, it is *not* guidance, at least as enrolled agents understand the term, though it indicates where Treasury (and therefore we assume, IRS) is going. We expect Treasury and IRS will issue more information soon (though we do not know when—no one does).

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To Summarize, this is not legislation or new law yet, just an advisory and the way I read it you still need to file a return or an extension by April 15th to avoid failure-to-file penalties and then you have until July 15th to pay any tax due.

- Darren

Hmmm...

U.S. Treasury Likely to Push Back April 15 Tax Filing Deadline, Sources Say The Trump administration is likely to extend the April 15 tax deadline as part of an effort to mitigate the effects of the novel coronavirus on U.S. households and businesses, according to an administration official and another person familiar with the matter.

VERY IMPORTANT!!!

I just had my first Buffalo teacher of the year come in for tax preparation and her W2 was missing a VERY important code in Box 14 which is required to correctly prepare the New York State return. It is likely this important code (414H) is missing on all teachers W2's. I will let the Buffalo Board of Education know about this on Monday. This happened at ECMC several years ago and caused 1000's of employees to have to amend their State Return. If self-preparing, call me and I can explain what to do or let your tax preparer know.

www.acadetax.com

Gee, Really, not going to ever be a postcard? Wish you could see the shocked look on my face.

IRS Cancels Postcard-Sized Income Tax Return Proponents of tax simplification have bandied about the idea for a postcard-type 1040 for years. It came closer to fruition when the massive Tax Cuts and Jobs Act (TCJA) was enacted at the end of 2017. Supporters of the legislation, including ...

IRS will begin processing efiled returns beginning Jan. 28th and refunds will not be delayed despite the ongoing partial government shutdown.

IRS Announces Tax Season Start Date Despite Government Shutdown The Internal Revenue Service (IRS) has announced the tax season start date despite the ongoing government shutdown.