To Our Valued Clients and Friends,
WHAT HAS CHANGED?
WHAT DOES THIS MEAN?
To Our Valued Clients and Friends,
WHAT HAS CHANGED?
WHAT DOES THIS MEAN?
The IRS announced that it will be issuing two separate information letters to taxpayers this month (January 2022). Please include these letters, if applicable, with your 2021 individual tax information. These payments need to be reconciled on the 2021 individual income tax return. You may send them as soon as received or provide them with…
While we are extremely grateful for the economic impact payments (i.e. stimulus checks) that have been issued, these payments cause complications in the preparation of individual tax returns. If you have any questions or concerns, please do not hesitate to contact us.
To Our Valued Clients and Friends, In recent years we have noticed an uptick in IRS and FTB notices. The #1 cause of these notices are incorrect estimated tax payment amounts being reported on individual taxpayer returns.