Tag Archives: taxes

IRS extends Economic Impact Payment registration deadline for non-filers to Nov. 21

The deadline to register for an Economic Impact Payment using the IRS Non-Filers tool has been extended to November 21, 2020. People who don’t normally file a return and have not yet received their stimulus payment are urged to use the tool … Continue reading

Posted in General | Tagged , | Leave a comment

John McAfee arrested, indicted on tax evasion charges, sued for fraud

Cybersecurity eccentric, John McAfee, is under arrest in Spain awaiting extradition to the United States after being indicted on federal tax evasion charges. The filing alleges that McAfee deliberately not only avoided paying federal taxes from tax years 2014 through … Continue reading

Posted in General | Tagged , , | Leave a comment

Oct. 15 deadline nears for taxpayers who requested tax filing extensions

The IRS reminds taxpayers who filed an extension that the October 15 deadline to file is quickly approaching. Taxpayers should file on or before this deadline. Taxpayers are urged to file electronically, request direct deposit for refunds, and pay amounts … Continue reading

Posted in General | Tagged , | Leave a comment

IRS highlights employer credits for businesses during Small Business Week

During Small Business Week, the IRS reminds business owners and self-employed individuals of employer credits available during COVID-19. These special credits were created to help small business owners during this unprecedented times. Reach out to your tax professional to see … Continue reading

Posted in General | Tagged , | Leave a comment

Payroll Tax Deferral took effect Sept. 1, What does it mean for your paycheck?

President Trump’s payroll tax holiday took effect on September 1. Participating employers can expect heftier responsibilities, while workers who participate in the holiday could see a temporary pay boost this fall and a dip in January. The employees may see … Continue reading

Posted in General | Tagged , | Leave a comment

Federal benefit recipients with children have more time to the $500 Stimulus Payment

The IRS has reopened the registration period for individuals who receive Social Security, Supplemental Security Income, Railroad Retirement or veteran’s benefits, but didn’t receive $500 per child earlier this year when they received their own stimulus payment. Federal benefit recipients … Continue reading

Posted in General | Tagged , | Leave a comment

Guidance Issued to Implement Presidential Memorandum Deferring Employee Social Security Tax Withholding

The Department of Treasury and the Internal Revenue Service issued guidance on implementing the Presidential Memorandum allowing employers to defer withholding and payment of the employee’s portion of the Social Security taxes if the employee’s wages were below a certain … Continue reading

Posted in General | Tagged , | Leave a comment

Tax Deadline for Extension Filers is Almost Here

The October 15 filing deadline is quickly approaching. If you filed an extension for your federal or state taxes don’t forget to get your returns on file before Thursday, October 15. Are you ready to file now? We can help … Continue reading

Posted in General | Tagged , | Leave a comment

Tax Filing Extension Update

The deadline for filing taxes was recently extended to July 15th due to outbreak of coronavirus. To clarify, the IRS says, taxpayers who need more time even after this date to file, must request to do so. However, the date … Continue reading

Posted in General | Tagged | Leave a comment

Non Tax-Filers Still To Receive Stimulus Payment

Recipients of Social Security retirement, Railroad retirement, disability, and survivor benefits are all still entitled to a stimulus check. In addition to the benefits already claimed, those who have children under the age of 17 will receive an additional $500 … Continue reading

Posted in General | Tagged , | Leave a comment