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Things You NEED to Know About Filing Your 2020 Income Tax Returns

Posted in Tax News on March 31, 2021

Extended filing deadline for Individual returns (form 1040)   The IRS had extended the filing deadline for individual income tax returns (form 1040) ONLY to May 17, 2021. Tax payments can be made up to the May 17th filing date…

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4 Easy and (Mostly) Free Ways to Deliver Your Tax Documents to Us

Posted in Tax News on March 2, 2021

Sending mail through the U.S. Postal Service can been VERY slow recently.  Some people were saying they received holiday cards…in the second week of February. We inquired with one of the postal carriers that delivers our mail about why there…

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5 Smart Tax Moves to Make in February 2021

Posted in Tax News on February 1, 2021

1. Fund Your IRA   Taxpayers with earned income can fund an IRA for 2020.  The due date for this contribution is April 15, 2021.  Taxpayers can fund up to $6,000 if they have this much in earned income. Taxpayers…

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PPP Loans 2.0 – > New loan application information

Posted in Small Business, Tax News on January 25, 2021

      In December 2020, legislation was passed authorizing the Paycheck Protection Program (PPP) version 2.0.  PPP 1.0 passed in March 2020 in response to the pandemic.   Prior PPP borrowers must meet all of the following conditions to…

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