2021

Have you received a notice from the IRS or other State Taxing Agency?  The article below is a reminder from the IRS of what to do if you receive a notice.  These reminders apply to notices from the IRS or any other taxing agency. Our top two

Child Tax Credit Advance to Start in July The IRS has announced they are on track to start the advance payment of the child tax credit starting in July.  This program will provide monthly payments to taxpayers ahead of their 2021 tax return filing.  The IRS intends

The IRS is mailing letters to some taxpayers who claimed the 2020 recovery rebate credit and might be getting a different amount than expected. The first and second Economic Impact Payments (EIPs) were advance payments of the 2020 credit. When the IRS processes a 2020 tax return

Arizona has announced the filing deadline for 2020 Tax Year Individual Income Tax returns and payments will be moved to May 17, 2021.  This extended deadline is for filing and paying 2020 individual income tax returns only. Also included in this extension date is the 2020 tax

Last week, IRS Commission Charles Rettig provided written and oral testimony, which included discussions on the newly passed legislation exempting the first $10,200 of unemployment benefits from taxable income for filers under certain income levels. The Commissioner asked those taxpayers entitled to this new exclusion NOT to

In a recent press release, the SBA announced extended deferment periods for all SBA disaster loans, including the COVID-19 EIDL Loans. The deferment period will depend on which calendar year the borrower received the EIDL Loan. For SBA disaster loans in 2020, the first payment due date

IRS Postpones 4/15 Deadline to 5/17 The IRS announced yesterday, March 17, an extension of the deadline to file 2020 Calendar Year Individual Income Tax Returns and payments due for the 2020 tax year to May 17, 2021. Deadlines the IRS did NOT Extend: 2021 1st Quarter

With tax season upon us, this always seems to be the time when savvy criminals try to scam taxpayers.  These fraudsters try impersonating the IRS either over the phone, by email, or in person.  We encourage taxpayers to review the tips in the link below to be

As we have gotten through two months of 2021, more Unemployment Fraud at the Employer and Employee level has been coming forward.  You may be asking what I can do to prove that the claim received or benefits paid were fraudulent… The Arizona Department of Economic Security

With many employees working from home in 2020, they may be disappointed to learn they cannot deduct any unreimbursed business expenses (i.e., home office utilities, office equipment, etc.) on their personal tax returns.  This is due to the 2018 tax law, which stated these types of deductions