Letter 6419 – Advance Child Tax Credit Payments Recipients of the 2021 advanced Child Tax Credit (CTC) monthly payments should be on the look out for a new letter being sent out by the IRS….

Taxpayers should mark their calendars and consult with their CPA and advisors on the following deadlines. Upcoming Tax Deadlines January 3, 2022 • Extended deadline for those impacted by Hurricane Ida in designated disaster areas….

With the increased popularity of working-at-home, you may consider moving to one of the nine states that don’t impose an individual income tax. Before doing so, you should understand how each of these states raises…

The IRS is coping with a backlog of historical proportions and it is impacting millions of taxpayers. According to IRS sources, as of July 31, there are still over 13 million tax returns that are…

Each of us needs to keep records that substantiate our tax return or other important life events for as long as they are needed. So what does this mean? The basic retention period Federal tax…

Wouldn’t it be nice to have a source of nontaxable income? You may be more fortunate than you realize. Here are several types of income that the IRS does not tax. 1. Tax-free interest. The…

Now is the time to schedule a tax planning appointment. If you are on the fence, here are some things to consider: It can make a difference This is especially true if you have a…