The deadline for filing a timely 2021 individual income tax returns and extensions is Monday, April 18, 2022. The extension extends the deadline for filing the return until October 17, 2022. It does not extend the payment deadline. Payments made on taxes owed after April 18, 2022, are subjected to penalty and interest.
Read MoreThe New York State Office of Children and Family Services (OCFS) is accepting applications for child care stabilization grants through the federal American Rescue Plan Act and the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act.
Read MoreThe IRS is still in the process of re-calculating and adjusting any refunds or balances due on returns filed prior to the unemployment income exclusion. Taxpayers do not need to pay the remaining balance of the tax they would have owed prior to the exclusion, and should not file amended returns.
Read MoreThe NYC Small Business Services is relaunching the LMI Store Front Loan program with expansion to include additional neighborhoods through Census Tracts. The purpose of the program is to help businesses in the low to moderate-income communities restart or continue operations impacted by the pandemic.
Read MoreAs a taxpayer, you should know your rights to better protect yourself. Dealing with the IRS can be a complicated and involved process. Knowing your rights can help make the process a little easier. This IRS publication explains your rights as a taxpayer.
Read MoreGet $10 off your tax preparation for each friend who files with us, up to $50 per receipt. The program is designed to expand client acquisition while rewarding participants through generous discounts and contributions. Sign up here and tell our tax preparer to apply for the discount.
Read MoreThe IRS announced that they will automatically re-adjust tax returns that were filed reporting unemployment income before changes took effect due to the American Rescue Plan Act (ARPA).
Read MoreThe federal American Rescue Plan Act of 2021, signed into law on March 11, 2021, allows up to $10,200 of Unemployment Compensation Exclusion (UCE). Federal law may or may not apply to state tax laws. States may choose to adopt or decouple from the UCE. Therefore, it is advisable to be cautious when filing your state tax returns.
Read MoreOn Wednesday, March 17, the IRS announced that tax season will be extended to May 17th in consideration of the American Rescue Plan Act of 2021 passed on March 11, 2021, which will impact millions of American’s 2020 tax return.
Read MoreOn Thursday, March 11, the president signed into law the $1.9 trillion American Rescue Plan Act of 2021 (ARPA). ARPA includes direct cash relief payments and tax provisions that will impact 2020 and 2021 returns for individual taxpayers and some business entities.
Read MoreToday is the official start of the 2021 filing season for the tax year 2020 tax returns. What’s New? Consolidated Appropriations Act, Recovery Rebate Credit, Qualified Coronavirus-Related Distributions, CARES Act.
Read MoreThe Internal Revenue Service announced that the nation's tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.
Read MoreIf you are receiving unemployment benefits, consider having tax withheld from these payments to avoid owing taxes when you file your federal and New York State income tax return next year. New York State unemployment insurance benefits and any of the special unemployment compensation authorized under the Coronavirus Relief Act are considered taxable income.
Read MoreThe IRS Get My Payment information tool is now live on the IRS website. Taxpayers can use the Get My Payment site to check on the status of their Economic Impact Payment, confirm their payment type (direct deposit or mailed check), and add their direct deposit information if it has not already been provided to the IRS.
Read MoreTaxesToGo® is a mobile app that allows you to send your tax information to our professional tax preparer from anywhere – no need for an office visit! You can save time and get your refund quickly. Click HERE to download our app today. Input your phone number, email, and name. Click "Continue" to receive a download link via mobile text. Learn more HERE.
Read MoreWe hope that everyone will stay safe and healthy amid the Covid-19 outbreak. These are some preventive measures you can take to reduce the risk of infection and spread.
Read MoreGet rewarded with our Referral Program! As the referring person, you will receive $10 off your tax preparation for each friend referred. Your friend will also receive $10 off their receipt. It's a win-win situation! Each stackable up to $50. Terms and Conditions apply. Click here to register.
Read MoreWe are proud to introduce the Kiwanis Club of Big Apple NY-USA, a club with a big mission to alleviate lives and opportunities for children in need around the world. The club is spearheaded by Sandy Liew, appointed lieutenant governor by Kiwanis International, whose tolerance and experience in volunteering and organizing charitable events are ideal elements to push the club's mission to success.
Read MoreWith the recent data breach of Capital One, we would like to remind everyone of the significance of data security. Here are some ways to secure your non-public personal information online.
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