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Once you turn 50, and especially after age 65, you can qualify for extra tax breaks.

10 Tax Breaks for People Over 50 Growing older qualifies you for a variety of tax perks that aren't available to younger workers.

Additional income anyone?

Let’s get this 💵💵!!

Get answers to your Child Tax Credit questions
✔️Check if you’re enrolled to receive payments
✔️Unenroll to stop getting advance payments
✔️Provide or update your bank account information for monthly payments starting with the August payment

Advance Child Tax Credit Payments in 2021 | Internal Revenue Service Find details about the advance Child Tax Credit payments, including how to get them or stop getting them.

“One Million Black Women” initiative

Ayesha Curry Joins Board of Goldman Sachs' "One Million Black Women" Initiative Ayesha Curry joined the board of Goldman Sachs Group, Inc.'s (Goldman Sachs) “One Million Black Women” initiative. She has ties to the restaurant business.

The federal government has extended the 2020 Tax filing to May 15th. That only leaves 10DAYS to file!!

Call Today to get your return E-filed.

Still in need time? We can help with an extension too!

Call 210.819.4150 Today!
Still in need of time? We can help with extensions too!

With the 2020 tax filing season...FINALLY... in the rearview mirror, now is the time to become aware of major changes for 2021. Here's what you need to know.

What's New in 2021 Here are major tax changes for 2021.

Test your tax knowledge with our trivia quiz. Also find out how to make paying bills less stressful and how small businesses can help one another until the entire economy returns to normal.

Client Update Newsletter: May 2021 Tax day is finally here! To celebrate getting your tax return finished, test out your knowledge of tax history with our trivia quiz. Also read about some helpful hints that can make paying your bills less stressful. We also have some suggestions for how small businesses can help one another stay afl...

Many pandemic related tax rules are scheduled to fall off the books in 2021. Are you prepared?

Adjust to Pandemic Rule Rollbacks Pandemic related tax breaks expire. What should you do?

The hot housing market is creating home sale gains beyond imagination. If selling a home, you need to know this tax rule.

Thinking of Selling Your Home? - Hot housing market requires tax knowledge Tax surprises often occur when selling your home. The possibility of a capital gains tax should be understood before selling your residence. Here is a summary of the rules.

An enhanced child tax credit is in place this year. This is what you need to know.

Navigating the New 2021 Child Tax Credit - What you need to know The Child Tax Credit is significantly different for 2021, but just for 2021...for now. Read on...

Time to make an estimated quarterly tax payment!

Reminder: First Quarter Estimated Taxes Now Due - Now is the time to make your estimated tax payment In our haste to meet the annual tax filing deadline, many of us overlook the need to make our quarterly estimated tax payment. Don't let this happen to you.

There are new filing deadlines for your 2020 tax return, but no extension for 2021 estimated tax payments. Also, some unemployment is now tax-free on your 2020 return. Here is what you need to know.

Client Update Newsletter: April 2021 Welcome to the craziness that is the 2020 tax filing season! Because the IRS is still playing catch-up from last year, in addition to new tax laws passed in the middle of this year's tax filing season, the April 15 individual tax return deadline was moved to May 17. Read about how these new tax laws...

Getting a tax refund is not all it's cracked up to be. Here are some things to consider.

Yikes! You Have a Large Refund - Good news, that is sometimes not so good For some reason, some believe it is better to receive than give when it comes to filing taxes. While that may help your savings account, it is not always a great idea. Here's why.

Looking for tax-free income? Here is a list of the more common types.

Income the IRS Can't Touch Yes Virginia, there is a Santa Claus. There is also a lot of income that the IRS does not tax. Here are a few of the more common types.

A surprise tax break for the unemployed is creating havoc on filing tax returns this year. Here is what you need to know.

ALERT! 2020 Tax Date Delay AND Unemployment Income Now Tax Free - What you need to know A surprise tax break for those with unemployment income is retroactively applied to 2020. Plus a delay in tax filing due date. Here's what you need to know.

Are you getting the maximum deduction?

Topic No. 502 Medical and Dental Expenses | Internal Revenue Service Topic No. 502 Medical and Dental Expenses

Prior to filing your tax return, take a moment to review it for accuracy. Here are some hints.

Tax Return Review Hints Prior to e-filing or mailing your tax return, you will want to spend some time reviewing your information for accuracy. Here are some tips.

Fair market value is often one of the IRS's go-to items when auditing you. Here is what you need to know.

Defending Fair Market Value Determining the value of items on your tax return is always open to interpretation. You do not want that to happen to you during an audit, as it can lead to additional taxes and penalties. Here are some tips to help defend your Fair Market Value (FMV) determinations.

Get answers to common tax questions and read about the new world of bank reconciliations. And why not have some fun with a resurgence of these classic or newly popular board games.

Client Update Newsletter: March 2021 Spring is almost here! With April 15th right around the corner, get answers to common tax questions in this month’s newsletter. Also included is a look at how bank reconciliations still play an important part of your financial health and a reminder to every small business owner to classify the...

Now is the time for taxes AND reviewing your Social Security earnings report.

Review Your Social Security Earnings Report You are the only one that can confirm the accuracy of your Social Security earnings record. Without timely correction of any errors, you may be short-changing yourself when benefit checks start. Thankfully, the Social Security Administration's online tools make it easier than ever to check your stat...

The IRS often sees the transfer of funds as a loan, whether there is a loan agreement or not. This also means there is an implied term and interest payment. When the IRS says a transaction is a loan, what interest rate do they use? Enter AFRs. Here is what you need to know.

Understanding Tax Terms: AFRs

8 Tax Benefits for Buying and Owning a Home In 2021 Owning a home can not only give you a cheaper monthly payment than renting but in many cases, the tax benefits make the decision a no-brainer. Because this is such a heated debate, we'll cover the main tax benefits you’ll see when you own a home. From there, you can make a decision on what’s rig...

New law extensions, new retirement account rules. The time to know about these changes is NOW! Here is what everyone should know.

Average American Tax Solutions: Client Videos 2020 Individual Tax Highlights: The worst time to know about new tax laws is when it is too late to do anything about it. Here is a summary of the most impactful changes this year.

Both companies and employees benefit from this new law when staying home because of coronavirus situations

Average American Tax Solutions: Client Videos Coronavirus Families First Response Act: The coronavirus pandemic is quickly changing laws and taxes. Here is a summary of payroll requirements when this happens.

There are a few areas within the tax code that can cause an unpleasant surprise when encountered. Thankfully they do not happen too often. Here are six you should know about.

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Help your business manage through the coronavirus pandemic with these five essentials.

Average American Tax Solutions: Client Videos COVID-19 Five Business Essentials: The coronavirus pandemic is putting all businesses under stress. By focusing on these five essentials, you can help your business survive and thrive!

After a long pilot program, the IRS is making its identity theft PIN program available to all taxpayers. Here is what you need to know.

IRS Identity Theft Program NOW OPEN! - New one-time use PIN option available for all

Learn about a new tool to protect your tax return from would-be thieves. Plus find out how you are giving away the most valuable thing you own!

Client Update Newsletter: February 2021 As the tax filing season gets underway, now is a great time to review some tips to help ensure your tax return is processed without a delay. Also included are reminders of some surprising tax situations this year because of the pandemic. For small businesses there are some organizational hints that....