April 15th Tax Payments

APRIL 15th TAX PAYMENTS I have received calls and emails from a few taxpayers that had scheduled payments for either a 2020 tax liability or a 2021 first estimate where the draft was not done. In every case the funds were available and in most cases state tax payments...

TAX DEADLINE EXTENDED

TAX DEADLINE EXTENDED I’m sure that most everyone has heard that the tax deadline has been extended again this tax filing season but there are some significant changes from the extension we were granted last year so be sure you know if the extension affects you....

Are You Ready To File?

ARE YOU READY TO FILE? April 15th is close at hand – are you ready to file? Normally I would tell you to be ready to file by April 15th or file a Form 4868 to extend your filing date to October 15th but the IRS recently announced the moving of the tax filing deadline...

Changes In Child Care Tax Credit

CHILD TAX CREDIT CHANGES Under prior tax law, qualifying taxpayers with dependent children under age 17 could get a child tax credit of up to $2,000 per child. The taxpayer has to meet income limitations and the child must also meet certain requirements. Up to $1,400...