by Steven J Weil, PhD, EA, LCAM | Jan 13, 2022 | Blog, Personal Tax
IRS warns taxpayers and tax professionals to be ready for a turbulent tax-filing season. The IRS is still dealing with backups in processing returns from the past two filing seasons, and the upcoming filing season will just make things worse. The volume of unopened...
by Steven J Weil, PhD, EA, LCAM | Jan 5, 2022 | Blog, Personal Tax
Now is the time to start getting your 2021 tax records together. be sure to set-up a safe place to keep your W2s, 1099s and other important tax information. Keep an eye open for letters from the IRS reporting the amounts of Economic Impact Payments your received and...
by Steven J Weil, PhD, EA, LCAM | Dec 23, 2021 | Blog
The IRS will begin issuing Letter 6475, Your Third Economic Impact Payment, to EIP recipients in late January. This letter will help Economic Impact Payment recipients determine if they are entitled to and should claim the Recovery Rebate Credit on their tax year 2021...
by Steven J Weil, PhD, EA, LCAM | Dec 23, 2021 | Blog
To help taxpayers reconcile and receive all of the Child Tax Credits to which they are entitled, the IRS will send Letter 6419, 2021 advance CTC, starting late December, 2021 and continuing into January. The letter will include the total amount of advance Child Tax...
by Steven J Weil, PhD, EA, LCAM | Dec 2, 2021 | Blog
Public Law 117-58 the Infrastructure Investment and Jobs Act, could end up costing crypto investors by increasing required annual reporting from digital currency brokers starting in January 2023. A lot of crypto investors have no idea what’s coming and many still...
