CCL Tax & Accounting, Inc.

The deadline for filing a timely 2021 individual income tax returns and extensions is Monday, April 18, 2022. The extension extends the deadline for filing the return until October 17, 2022. It does not extend the payment deadline. Payments made on taxes owed after April 18, 2022, are subjected to penalty and interest.

Tax Filing Due Date: April 18, 2022 — CCL Tax & Accounting, Inc. The deadline for filing a timely 2021 individual income tax returns and extensions is Monday, April 18, 2022. The extension extends the deadline for filing the return until October 17, 2022. It does not extend the payment deadline. Payments made on taxes owed after April 18, 2022, are subjected to p

UPDATE: 2022 tax filing season starts Monday, January 24. The deadline to submit 2021 tax returns, pay any tax owed or apply for an extension of time to file is Monday, April 18, 2022, for most taxpayers.

Let us look back at the past year with the challenges of the pandemic and be stronger in the next year. Wishing you and yours a wonderful new year to come.

Season's Greetings!

During this special time of the year, we would like to wish you a happy holiday! May the New Year Holiday Season bring peace, joy, good health, and wealth to you and your family.

The deadline to file individual and 1120 corporation tax returns on extension are tomorrow, October 15th, 2021.

CCL Tax & Accounting, Inc. CCL Tax & Accounting Service provides complete tax preparation, accounting, auto registration, and notary services for individuals and businesses in Main Street, Flushing, Queens, New York. Get more by filing with CCL Tax & Accounting Services, one of the best and reliable professional servi

The New York State Office of Children and Family Services (OCFS) has started to accept applications for child care stabilization grants. The purpose of the Child Care Stabilization Grant is to provide child care providers with financial relief to help cover the unexpected business costs caused by the COVID-19 pandemic, in hopes to stabilize operations and provide ongoing childcare.

Child Care Stabilization Grants by the New York State OCFS — CCL Tax & Accounting, Inc. The New York State Office of Children and Family Services (OCFS) is accepting applications for child care stabilization grants through the federal American Rescue Plan Act and the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act.

The IRS is still in the process of re-calculating and adjusting any refunds or balances due on returns filed prior to the unemployment income exclusion. The IRS has started sending CP14 Notices requesting payment of the remaining tax that would have been due prior to the exclusion. Taxpayers do not need to pay the remaining balance of the tax they would have owed prior to the exclusion, and should not file amended returns.

Unemployment Income Exclusion Re-Calculation — CCL Tax & Accounting, Inc. The IRS is still in the process of re-calculating and adjusting any refunds or balances due on returns filed prior to the unemployment income exclusion. Taxpayers do not need to pay the remaining balance of the tax they would have owed prior to the exclusion, and should not file amended returns.

The NYC Small Business Services is relaunching the LMI Store Front Loan program with expansion to include additional neighborhoods through Census Tracts. The purpose of the program is to help businesses in the low to moderate-income communities restart or continue operations impacted by the pandemic. Applications for the NYC LMI Storefront Loan will be open from 7/7/2021 to 8/17/2021. Click the link to determine if you are eligible to apply.

LMI Storefront Loan Program By NYCSBS — CCL Tax & Accounting, Inc. The NYC Small Business Services is relaunching the LMI Store Front Loan program with expansion to include additional neighborhoods through Census Tracts. The purpose of the program is to help businesses in the low to moderate-income communities restart or continue operations impacted by the pandemic

As a taxpayer, you should know your rights to better protect yourself. Dealing with the IRS can be a complicated and involved process. Knowing your rights can help make the process a little easier. This IRS publication explains your rights as a taxpayer.

Your Rights as a Taxpayer — CCL Tax & Accounting, Inc.

Tax day countdown: 10 days

File and pay your taxes by May 17th to avoid interest and penalty. If you are unable to file by the due date, you may file an extension, but note that it does not extend the payment deadline which is set on May 17th. Tax payment can be made at the same time as you file your extension. For more information or to file your taxes, visit www.ccltax.com.

The IRS announced yesterday that they will automatically re-adjust tax returns that were filed reporting unemployment income before changes took effect due to the American Rescue Plan Act (ARPA). Any resulting overpayment of tax will be either refunded or applied to other outstanding taxes owed. Taxpayers should be aware that the state may not necessarily conform to the American Rescue Plan Act. Check the State Conformity to the 2020 Unemployment Compensation Exclusion to see if your state adopts or dissociates with the exclusion.