Common Errors to Avoid When Filing a Tax Return
Common Errors to Avoid When Filing a Tax Return While not all mistakes on tax returns cause delays in refunds, some do. 1. Not using electronic filing. While this isn’t necessarily…
Economic Impact Payments: Round Three
Economic Impact Payments: Round Three On March 12, following the American Rescue Plan Act’s approval and signing, the IRS began sending out the third round of Economic Impact Payments. Most…
Coronavirus-Related Distributions and Loans
Coronavirus-Related Distributions and Loans The Coronavirus, Aid, Relief, and Economic Security (CARES) Act made it easier to access savings in IRAs and workplace retirement plans for those affected by the…
Q & A: The $10,200 Unemployment Tax Break
Q & A: The $10,200 Unemployment Tax Break Generally, unemployment compensation received under the unemployment compensation laws of the United States or a state is considered taxable income and must…
PPP Loan Deadline Extended Through May 31
PPP Loan Deadline Extended Through May 31 The Paycheck Protection Program Extension Act of 2021 was signed into law on March 31, 2021, extending the deadline to apply for a…
Employees Working Remotely Can Increase Your Fraud Risk
Employees Working Remotely Can Increase Your Fraud Risk Between 2008 and 2020, remote work has grown 159%. When employees are working remotely, it’s harder to detect and prevent all types…
Tax Day for Individuals Extended to May 17
Tax Day for Individuals Extended to May 17 The Treasury Department and Internal Revenue Service announced yesterday that the federal income tax filing due date for individuals for the 2020…
Employees Working Remotely Can Increase Your Fraud Risk
Employees Working Remotely Can Increase Your Fraud Risk Between 2008 and 2020, remote work has grown 159%. When employees are working remotely, it’s harder to detect and prevent all types of…
American Rescue Plan Act of 2021
American Rescue Plan Act of 2021 President Biden signed the American Rescue Plan Act of 2021 (ARPA) into law on Thursday afternoon. This $1.9 trillion stimulus package contains extensions to…
Unemployment Benefits Identity Theft Scam Alert
Unemployment Benefits Identity Theft Scam Alert During 2020, millions of taxpayers were impacted by the COVID-19 pandemic through job loss or reduced work hours. Some taxpayers who faced unemployment or…