Important Considerations Before Filing a 2021 Tax Return
The Internal Revenue Service has listed some things to consider before filing your 2021 tax return.
tax preparation
The Difference Between Standard and Itemized Deductions
When completing a tax return, taxpayers have two options: take the standard deduction or itemize their deductions. Most taxpayers use the option that gives them the lowest overall tax.
IRS announces the beginning of tax filing season
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.
IRS is sending information letters to recipients of advance child tax credit payments and third Economic Impact Payments
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.
2021 Tax Season Begins...
We are in the office and ready to begin preparing tax returns.