2020 was a difficult tax year, filled with new provisions designed to help folks affected by COVID-19. 2021 is going to be another...

Dear Clients and Friends, I hope you're having a nice summer so far ! In case you haven't heard, the IRS has announced that they are...

In case you haven't heard, one of the items from March's "American Rescue Plan", was to send families with children monthly pre-payments...

A whole slew of side issues arises when the federal and states change their tax rules suddenly. The latest change from March 2021...

We're still dealing with tax season for 2020, but it never hurts to look ahead a bit... The Act signed last week has some tax impact...

Taking a look at the 2020 Form 1040, I can see how the reconciliation of the two issued "Economic Impact Payments" will take place. Big...

The IRS has recently announced that the "official" start date for filing income tax returns is Feb 12. What this means is that this is...

Since 2021 is only 2 days away, I thought you may like to know the new 2021 mileage allowance, so you can make sure your substantiation...

In case you missed it, after months of negotiations, there is another COVID relief bill which is over 5,000 pages long ! Most taxpayers...

Dear Clients and Friends, I want to express my gratitude for being a part of my business/life, and I hope tomorrow brings a day of peace,...

Dear business owners, Depending on the form of your business (LLC, Inc, etc.) you may need to file an annual report and pay a fee with...

Dear Clients and Friends, Effective immediately and through April 15, 2021, in-person meetings are BY APPOINTMENT ONLY as follows:...

I'm a proponent of being financially independent and secure. Although no one should obsess over their money, the responsible thing to do...

Each year, a number of provisions in the Internal Revenue Code (IRC) are adjusted for inflation. The IRS recently released the inflation...

As a refresher, the CARES Act is allowing a maximum $300 deduction on your 2020 tax return, for those who DON'T itemize deductions (those...

You may have heard by now the certain NC taxpayers will receive a $335 check from the state, designed to help parents with pandemic...

Just an FYI for those individuals who have filed their 2019 tax returns by the new original due date of 7/15/2020: You should expect...

As a tax preparer, I'm always interested to see how the IRS will change the next year's Form 1040. With all of the new tax "stuff" issued...

Hi all, Back on April 2, which was a CRAZY time in the tax world, I wrote a lengthy blog piece on the then COVID-19 relief provisions...

The term "decoupling" is used in the state tax world, to describe when a state does not agree with the federal tax treatment of a certain...