Yana T. - Tax Specialist

With tax filing season just around the corner, this is a good time for those who don’t normally file to consider the benefits of filing a 2021 tax return. Filing can help them claim a refundable tax credit or get an income tax refund.

Here is a great article that covers some of the reasons you might want to file even if you are not required. As always, feel free to reach out with questions.

Here are reasons people who don’t normally file should file a 2021 tax return | Internal Revenue Service COVID Tax Tip 2022-08, January 13, 2022 — With tax filing season is just around the corner, this is a good time for those who don’t normally file to consider the benefits of filing a 2021 tax return. Filing can help them claim a refundable tax credit or get an income tax refund.

The Internal Revenue Service announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.
Make sure to start collecting your documents and reach out with questions.

2022 tax filing season begins Jan. 24; IRS outlines refund timing and what to expect in advance of April 18 tax deadline | Internal Revenue Service IR-2022-08, January 10, 2022 — The IRS announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.

The IRS is sending letters to recipients of advance Child Tax Credit payments and third Economic Impact Payments (Stimulus). Make sure to look out for these letters in your mailbox and save them along with your other tax documents. Using the information in these letters when preparing your tax return can reduce errors and avoid refund delays.

IRS sending information letters to recipients of advance child tax credit payments and third Economic Impact Payments | Internal Revenue Service COVID Tax Tip 2022-03, January 5, 2022 — The IRS started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the Economic Impact Payments will begin receiving information letters at the end of January.

Hi friends! 2021 is about to end and with the new year comes a new and exciting tax season!

I was lucky enough to help so many of you this past year. You guys are amazing! Many started businesses, moved, invested and changed statuses. All new and exciting chapters in your lives and all required planning and preparation. As your friendly accountant I'm always here to help support you in all your endeavors.

This year I hope to expand my services and help even more people. I would love your support in the form of referrals. If you, your family members or anyone you know is in need of tax preparation, accounting, bookkeeping services, business formation, or any IRS notice help…I'm here for you!

Feel free to reach out and ask questions, share my contact information and refer anyone who might be in need of my services.

Thank you all so much! Let’s start off this new year strong!

The current tax year ends soon and tax season is approaching fast. If you haven't yet, now is a good time to assess your tax situation and any changes that happened during 2021. This is also a great time to reach out to schedule a consultation call for the upcoming filing season.

In the meantime here are some things all taxpayers should consider before December 31st 2021.

Some important things all taxpayers should do before the tax year ends | Internal Revenue Service COVID Tax Tip 2021-175, November 29, 2021

Important update!

Today the IRS announced that the federal income tax filing due date for individuals has been extended to May 17th, 2021. Check out the link below for more information.

As usual, feel free to reach out to me with any questions or help filing your returns!

https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline #:~:text=More%20In%20News&text=WASHINGTON%20—%20The%20Treasury

Important reminder!
March 15th is the deadline for filing Partnership and S Corporation tax returns. If you need help preparing and filing your 2020 business return or need more time and would like to file an extension, please contact me ASAP.

Did you receive unemployment benefits in 2020? If so, it may be beneficial to wait before filing your taxes this year.

The proposed Coronavirus Unemployment Benefits Tax Relief Act aims to remove taxes on up to $10,200 in unemployment aid for tax year 2020.

If the bill is passed its outcome can directly impact your tax bill/refund.

Remember you have until April 15th to file your personal taxes. If you received unemployment benefits in 2020 and choose to file before the bill gets approved or denied, you may have to file an amended return to get those benefits.

I'm always happy to help, send me a message!

New Bill Aims To Eliminate Taxes On Up To $10,200 Of 2020 Unemployment Benefits Proposed legislation introduced yesterday would remove taxes on up to $10,200 in unemployment aid for the 2020 tax filing year.

Happy Monday!

Here's a quick reminder that the IRS will begin accepting tax returns for 2020 on Friday, February 12, making it the official start of tax season!

A couple things to remember:
1. Make sure to collect and provide all tax forms when filing. If you need ideas on what forms may apply to you, send me a message!
2. In most cases we can file your return electronically, and by adding your direct deposit information the IRS can process and release your refund faster!

Check out the link below for more information.

Happy Filings!

2021 tax filing season begins Feb. 12; IRS outlines steps to speed refunds during pandemic | Internal Revenue Service IR-2021-16, January 15, 2021 — The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.