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I try to add tax blog articles weekly on tax topics that may be interesting to you. Please browse. If there is a topic you would like to see here or would like to more information on, please contact me.

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December 13, 2024   |   2020 Tax Year, 2021 Tax Season, 2022 tax year, 2023 tax year, 2024...
Tax Scams–Don’t Believe Everything You Hear. . .

Scams: Fake Charities. To verify Charity legitimacy or tax donation deductibility, check the IRS Charity Database at https://www.irs.gov/charities-non-profits/tax-exempt-organization-search Fake IRS bills/telephone calls. a. IRS contacts by MAIL. To check IRS bill legitimacy, log on to your IRS account or call their office (800-829-1040). IRS does not call and threaten people. Hang up! b. Ohio Taxation … Tax Scams–Don’t Believe Everything You Hear. . .

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December 13, 2024   |   2020 Tax Year, 2021 Tax Season, 2022 tax year, 2023 tax year, 2024...
But I Can’t Afford a Tax Preparer . . .

If Can’t Afford a Tax Preparer, Check With: Your bank (some offer free tax preparation). Local college (Accounting majors need experience!) IRS Volunteer Income Tax Assistance (VITA) or Tax Assistance for Elderly (TCE) preparation sites 888-227-7669.or https://www.irs.gov/individuals/free-tax-return-preparation-for-qualifying-taxpayers info only available during tax season =January Through April 2025. IRS Free File Program. If qualify will receive … But I Can’t Afford a Tax Preparer . . .

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September 23, 2021   |   2020 Tax Year, IRS, Recovery Credit, Refund, Tax Credit...
Love Letters & the IRS (Recovery Credit Tax Notices Part II)

woman setting at computer desk holding her head

  IRS is processing its backlog and is issuing lots of “love letters” otherwise known as Tax Notices. Many of the 2020 Tax year tax notices are for Recovery Credit.  For Tax Year 2020, Taxpayers not receiving the the full stimulus amount for both payments ($1200 per adult and/or $500 per child received March -May … Love Letters & the IRS (Recovery Credit Tax Notices Part II)

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July 20, 2021   |   2020 Tax Year, Amended Return, Form 1040, IRS, Ohio...
Hidden Treasure: Will Amending 2020 Taxes Provide Additional $$?

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YES and NO.  The American Rescue Act was passed March 11, 2021. It made an additional refunds available to some Taxpayers. There’s no additional refund (“Hidden Treasure”) available for Taxpayers who filed their 2020 tax return before March 31, 2021 claiming only wages and federal unemployment income. The IRS automatically processes an additional refund for … Hidden Treasure: Will Amending 2020 Taxes Provide Additional $$?

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June 4, 2021   |   2020 Tax Year, 2021 Tax Season, Form 1040, IRS, Refund...
Where’s My Refund? It’s been 6 weeks, 10 weeks, 12 weeks

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  Refunds are taking longer this year.  Refunds are delayed if the 2020 tax year return: Claims Child Tax Credit. . For children under the age of 17 or a reduced amount for College Students or disabled children. . Refunds are subject to extra scrutiny because of fraud. Earned Income Credit . . . for … Where’s My Refund? It’s been 6 weeks, 10 weeks, 12 weeks

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January 20, 2021   |   2020 Tax Year, 2021 Tax Season, 2022 tax year, IRS, Refund...
Need Refund? Patience Please!

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  IRS is going to be running a little “late” this year. According to the information received as of today (January 15, 2021), IRS will start processing 2020 Tax Year individual Tax Returns February 12, 2021.  Tax Returns can be prepared before February 12 processing date. Estimated refund processing times for returns that refund extra … Need Refund? Patience Please!

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December 22, 2020   |   2020 Tax Year, 2021 Tax Season, IRS, Stimulus, Unemployment compensation...
Congress COVID Christmas Present–UPDATED 12-23-2020

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  UPDATE 12-23-2020: This bill was passed by Congress but President Trump will not sign it.  Thinks the $600 is too small a check for American Taxpayers when the same bill (tentative law) gives millions to foreign countries. Bill has been sent back to Congress for Modification. . .will keep you posted. Per initial legislative … Congress COVID Christmas Present–UPDATED 12-23-2020

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September 16, 2020   |   2020 Tax Year, Form 1040, IRS, Retirement Accounts IRA/401K, Tax Resources...
Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

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The other day someone affected by the COVID related business slowdown asked,  . . .”I have bills to pay, heard something on the news about the CARES Act allowing a penalty free (NOT TAX FREE)  retirement account distribution. What is the “penalty”? Do I qualify for a penalty free distribution? How to determine the taxes … Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

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June 27, 2019   |   2020 Tax Year, 2021 Tax Season, 2022 tax year, Collection, Form 1040...
I Didn’t File My Taxes . . .What Now?

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Yes, it’s after April 15th. However, “forgetting” to file isn’t fatal if it’s addressed quickly. This article is limited to individual Federal Tax filing requirements. State and cities may have additional tax filing requirements. Question 1: Is filing Federal Tax Return required? Not required  for self employed taxpayers with income under $400.00 OR For taxpayers … I Didn’t File My Taxes . . .What Now?

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