Alert

Q3 Tax Deadlines

Here is a list of tax-related deadlines coming up soon that affect businesses and other employers during the third quarter of 2021. This list is not all inclusive, so please be aware that there may be additional deadlines that apply to you. Contact us to make sure you are meeting all applicable deadlines; we are …

Q3 Tax Deadlines Read More »

Still waiting for a tax refund? IRS backlog has grown to 35 million returns

A growing backlog of unprocessed tax returns now stands at 35 million, creating ongoing refund delays for millions of taxpayers, the National Taxpayer Advocate said in a recent report. That represents an increase in the IRS’ backlog of unprocessed returns from May, when it was holding 31 million returns. Some taxpayers have recently told CBS MoneyWatch they …

Still waiting for a tax refund? IRS backlog has grown to 35 million returns Read More »

Here’s why some families may have to return part of their 2021 child tax credit payments

On July 15, millions of American families will receive the first of six child tax credit payments. Some families may have to pay the money back to the IRS if they receive more than they’re owed. “There will be a reconciliation,” said Trenda Hackett, CPA and technical tax editor of the tax and accounting business …

Here’s why some families may have to return part of their 2021 child tax credit payments Read More »

Biden’s Tax Plan: What’s Enacted, What’s Proposed

Less than two months after his inauguration, President Joe Biden had moved significantly forward on the three key elements of his Build Back Better program, all of which are funded by notable changes in tax law. Note that all the changes—except those that already passed as part of the American Rescue plan,—would need to be …

Biden’s Tax Plan: What’s Enacted, What’s Proposed Read More »

Livestock and the Coronavirus Food Assistance Program

Are you a livestock producer whose operation has been directly impacted by the coronavirus pandemic? The Coronavirus Food Assistance Program provides direct relief to producers who faced price declines and additional marketing costs due to COVID-19. The Coronavirus Food Assistance Program, or CFAP, provides vital financial assistance to producers of agricultural commodities who have suffered …

Livestock and the Coronavirus Food Assistance Program Read More »

IRS offers reprieve for taxpayer checks caught in backlog of unopened mail

The Internal Revenue Service is giving taxpayers a break if the checks they mailed in to pay their taxes still haven’t been opened up yet and are sitting in the trailers the IRS had to set up during the novel coronavirus pandemic. This spring, as many IRS offices remained shuttered, a backlog of millions of …

IRS offers reprieve for taxpayer checks caught in backlog of unopened mail Read More »

Scroll to Top