IRS Extends Tax Season

Email Date: March 19, 2021

The IRS and the Treasury department announced today that the federal income 2020 tax filing due date for individuals will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.

For Texas and Oklahoma residents, the filing deadline remains June 15, 2021.

Questions about American Rescue Act

Email Date: March 12, 2021

The American Rescue Plan was signed into law last night. The plan includes a 2020 tax exclusion for unemployment payments up to $10,200 as well as an increase on the child tax credit.

Texas Emergency Tax Filing Extension

Email Date: Feb 26, 2021

Because a State of Emergency was declared in Texas and it was accepted by the President, Texas businesses and individual taxpayers have been given an automatic extension for filing 2020 tax returns and related tax payments to June 15, 2021.

Tax Updates - Employee Sick Leave & Family Leave

Email Date: Feb 2, 2021

We have gotten numerous questions from clients concerning the new Paycheck Protection Program (PPP)and the new Employee Retention Credit (ERC).

PPP and ERC Changes for 2021

Email Date: Jan. 22, 2021

The Internal Revenue Service announced that it will begin accepting and processing 2020 tax year returns on Friday, Feb. 12, 2021.

IRS Announces 2021 Tax Filing Season Start

Email Date: Jan. 20, 2021

The Internal Revenue Service announced that it will begin accepting and processing 2020 tax year returns on Friday, Feb. 12, 2021.

New Tax Legislation

Email Date: Jan. 6, 2021

New Stimulus Legislation was signed on December 27, 2020. With the recently passed legislation, there are a number of stimulus related items that have been amended, changed and added

Tax Updates - Charitable Cash Donations

Email Date: Jan. 20, 2021

How the CARES Act Changes Deducting Charitable Contributions.

IRS Sending Notices

Email Date: Aug. 19, 2020

We have had several emails from clients stating that they have received letters from the IRS regarding a failure to pay proper estimated taxes. With the changes to the tax deadline, the letters have caused confusion among many clients.

Tax Season Announcements 

Email Date: Jan. 20, 2021

We have gotten numerous questions from clients concerning the new Paycheck Protection Program (PPP)and the new Employee Retention Credit (ERC).

PPP Checklist & Office Re-Opening

Email Date: May 11, 2020

This email includes a PPP Checklist, PPP Loan Forgiveness updates for Small Businesses, Independent Contractors and  those that are Self-Employed.  

Stimulus Calculator & Questions Answered

Email Date: May 2, 2020

This email includes a stimulus calculator document, navigating the IRS website, stimulus check questions, small business resources, and documentation needed for PPP Loan Forgivenesss.  

Where is My Stimulus Check & Stimulus  Questions

Email Date: April 20, 2020

This email includes stimulus check tracking information and additional information needed for direct deposit.