by Steven J Weil, PhD, EA, LCAM | Oct 7, 2022 | Blog, Business Tax, Personal Tax
The IRS Announced Tax Relief for Victims of Hurricane Ian in Florida on September 29, 2022. Following the recent disaster declaration issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers in certain areas will receive tax...
by Steven J Weil, PhD, EA, LCAM | Feb 24, 2022 | Blog
Salem, Massachusetts: Resident Roosevelt Fernandez has pleaded guilty in connection with two schemes involving COVID-19 relief funds and tax returns for others. Fernandez applied for 10 EIDLs, either in his own name or in the names of entities he controlled. In June...
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 | 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...
