2020… ABLE Accounts – Final Regulations 31 Dec 20203 Dec 2020 ABLE (Achieving a Better Life Experience) accounts are for eligible individuals with a disability – they are tax-favored savings accounts to which contributions can be made to help pay for…
2020… IRS Tax Tip: IRS warns people about a COVID-related text message scam 28 Dec 202027 Dec 2020 COVID Tax Tip 2020-167, December 8, 2020 The IRS and it's Security Summit partners are warning people to be aware of a new text message scam. The thief's goal is to trick…
2020… IRS Tax Tip: Taxpayers should check out these tips before choosing a tax preparer 9 Dec 202026 Dec 2020 IRS Tax Tip 2020-165, December 3, 2020 As taxpayers get ready to file their 2021 taxes, they may be thinking about hiring a tax preparer. People should choose a tax preparer wisely.…
2020… IRS will soon conceal sensitive data on business tax transcripts 7 Dec 20206 Dec 2020 IRS Tax Tip 2020-164, December 2, 2020 Business tax transcripts will soon look a little different. Beginning December 13, the IRS will conceal some information on business tax transcripts to…
2020… IRS Tax Tip: Here’s how visually impaired taxpayers can access IRS resources and information 6 Dec 20203 Dec 2020 IRS Tax Tip 2020-156, November 17, 2020 The IRS is here to serve and support all of America's taxpayers including, those who use assistive technology. The agency's Alternative Media Center (AMC) provides…
2020… IRS Tax Tips: Common errors businesses should avoid when claiming employer tax credits 4 Dec 20203 Dec 2020 COVID Tax Tip 2020-157, November 18, 2020 Employers who are filing Form 941, Employer's Quarterly Federal Tax Return and claiming an employer tax credit should read the instructions carefully and take their…
2020… 9 Things to Do Before Year-End to Reduce Your Tax Bill 3 Dec 20201 Dec 2020 Who doesn’t want to pay less taxes, as long as it’s legally permitted? Here are nine tips to consider taking action on before 2020 comes to a close. Maximize Retirement…
2020… IRS Tax Tips: Taxpayer Relief Initiative aims to help those financially affected by COVID-19 2 Dec 20201 Dec 2020 COVID Tax Tip 2020-158, November 19, 2020 The IRS reviewed its collection activities to see how it could provide relief for taxpayers who owe taxes but are struggling financially because…
2020 Join Us on Facebook!!! 1 Dec 20201 Dec 2020 Before you do anything else, why not like our page on FaceBook? Keep up to date on the latest IRS information, Updates from the GoodTax local office, and catch live…
2020… Tax Considerations of a Chapter 11 Bankruptcy Filing 5 Nov 20201 Dec 2020 Chapter 11 bankruptcy is a form of bankruptcy that can be filed by businesses or individuals. Its goal is to give the filer time to reorganize and reduce their debt…