SET UP AN IRS ACCOUNT ONLINE

The IRS has made significant progress recently to help taxpayers access their tax account online. For every taxpayer, the ability to access your account online can help reduce preparation errors on your tax return, and speed up the processing of your return, and...

RECOVERY REBATE CREDIT

I’m sure you remember the stimulus checks you received, or do you? There were three rounds of stimulus checks sent out, the first round started in April 2020, and the third round came as late as summer 2021. The first and second payment were considered an advance on...

MORE ON THE CHILD TAX CREDIT

It seems that every year when we file tax returns, there is some change, new rule, or new guidance, that causes problems for some taxpayers. Remember a few years ago when tax withholding tables were calculated incorrectly and many taxpayers saw significantly smaller...

Child Tax Credit

The Child Tax Credit, which eligible parents have been claiming on their tax return for many years, was enhanced last year, and I urge everyone with children to be extra careful this tax filing season because the changes can cause you significant tax headaches if you...