Flat Run Tax

2022 tax filing season begins Jan. 24; IRS outlines refund timing and what to expect in advance of April 18 tax deadline | Internal Revenue Service IR-2022-08, January 10, 2022 — The IRS announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.

There's still time! Don't miss the deadline!

Friday, Oct. 15 is almost here. If you filed an extension, remember to file your 2020 tax return by the deadline.

Free File is available through Oct. 15.

For more info, click here:
https://go.usa.gov/xMTrM

For those of you that weren't aware, I also offer business bookkeeping services! I am a certified Quickbooks ProAdvisor. Contact me for your bookkeeping needs!

The Federal tax deadline has been extended to May 17!

https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline?fbclid=IwAR0y4rh-g1mm7s9qifS0v7tvYRlcNxLXEcQSxazik_soX0Fq7gkl1ueqjFI

Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline | Internal Revenue Service IR-2021-59, March 17, 2021 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.

Good to know especially if 2020 was your first year drawing unemployment benefits!

Unemployment Recipients May Not Know Their Benefits Are Taxable The Bureau of Labor and Statistics reported a staggering 75.9 million initial unemployment insurance benefits claims from January 5, 2020 to January 2, 2021.

IRS has announced filing season to begin February 12 which is later than usual....what this means for you is I can still work on your return and have everything ready to go, it just will not be e-filed until the 12th at the earliest. The IRS is also urging people to file as early as possible especially if you are expecting a refund! Contact me to set up an appointment, or if you have any questions!

IRS Announces Filing Season Open Date (It’s Later Than Expected) The Internal Revenue Service (IRS) has announced that tax season will open on Friday, February 12, 2021.

Today is the Deadline for Making a TY 2020 Fourth Quarter Estimated Tax Payment The Internal Revenue Service is reminding taxpayers that today—January 15, 2021—is the deadline for making a tax year 2020 fourth quarter estimated tax payment. The goal of the press release is to prevent taxpayers who did not pay enough tax throughout 2020 from owing tax or a penalty during fil...

Preparing now to file Form W-2 and other wage statements by the 2/1/21 deadline can help businesses avoid problems later. Employers: Get an early start by verifying or updating employee info like names, addresses, SSNs or ITINs. For more tips: https://go.usa.gov/x7tqj

I've been hearing a lot about cryptocurrency lately...something to keep in mind!

Internal Revenue Service on LinkedIn: #IRS #taxes Your tax return now includes virtual currency questions. offers FAQs on the tax treatment of a cryptocurrency. See: https://lnkd.in/eqaCHZ2 ...

No official start date yet....stay tuned and I will keep you all posted!

IRS Says Key Tax Forms Will Be Ready For Tax Season, But There’s No Start Date Yet With all of the last minute changes to the Tax Code - and those stimulus check reconciliations - it was clear that the Internal Revenue Service (IRS) was going to have to make revisions to tax forms used to file 2020 tax returns in 2021.

Eligible PPP Expenses Are Now Deductible The Internal Revenue Service has eased the cost of participation in the Paycheck Protection Program (PPP), by allowing deductions for the payment of eligible expenses.

2020 has been a tough year for us all. Some people who may not have been eligible to claim the Earned Income Tax Credit before may qualify this year, don’t count it out. To learn more about this valuable tax credit, click here: www.irs.gov/eitc

Just want to remind everyone that 1099s are due to recipients by February 1, 2021! Also, the forms have changed this year. I can help you with any questions you may have or I can prepare and file your 1099s for you!

There's still time to make an estimated or additional tax payment to ensure your tax withholding is still accurate.
Click here to find out more, including deadlines and how to make a payment:
www.irs.gov/individuals/employees/tax-withholding

$900 Billion in Coronavirus Relief Includes Direct Payments, Unemployment Benefits According to reporting from The Hill, Congress is poised to vote on a second coronavirus relief package. The bill is expected to pass Congress and land on the president’s desk later today, greenlighting $900 billion in aid that will include direct payments, unemployment benefits, and additional Pa...

Under IRS relief, farmers forced to sell livestock due to severe drought have more time to replace their animals. To see if you qualify, click here: https://go.usa.gov/xGESW