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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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My Tax Blog

August 31, 2021 | 2021
I was Getting a Refund but Got an IRS Bill . . . ?

Man & woman setting at desk with papwers. Man is covering face with hand head lowered. Woman is covering her mouth with her hand

Been getting a lot of calls for IRS Notices. Most of them seem to be related to the Stimulus Payment or “Recovery Rebate Credit”. The Recovery Rebate is a reconcile. Taxpayers not receiving the full amount of stimulus payment one (Paid out March-May 2020) or Stimulus Payment two (paid out January thru March 2021), can … I was Getting a Refund but Got an IRS Bill . . . ?

July 20, 2021 | 2020
Hidden Treasure: Will Amending 2020 Taxes Provide Additional $$?

pile of gold and silver coins on a black table

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 $$?

June 4, 2021 | 2020
Where’s My Refund? It’s been 6 weeks, 10 weeks, 12 weeks

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

February 2, 2021 | 0
But I CAN’T AFFORD a Tax Preparer

woman setting at computer desk holding her head

Never fear! The IRS has two programs to assist. For simple tax returns with taxable income under $72,000: IRS provides free tax preparation under the IRS Free file program. Taxpayers are given access to free tax software to file their tax return. Some software does not support local tax returns (e.g. School District or … But I CAN’T AFFORD a Tax Preparer

January 20, 2021 | 2020
Need Refund? Patience Please!

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!

December 22, 2020 | 2020
Congress COVID Christmas Present–UPDATED 12-23-2020

pile of gifts wrapped in metallic gold and metallic red gift paper

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

December 16, 2020 | 2021
2021 Standard Mileage Rates:

Tahoe utility setting at the water's edge of a beach

Beginning on Jan. 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: • 56 cents per mile for business use • 16 cents per mile driven for medical purposes • 14 cents per mile driven in service of charitable organizations

October 22, 2020 | 0
I WANT A CHOICE TOO—Editorial

Man and woman with american flag wrapped around their shoulders

Currently choice is one of the buzzwords. Usually it refers to something I don’t agree with. However, when it comes to personal freedom and governmental affairs I want: A choice to select the exact health insurance coverage I need and can afford. Choice denied under Obamacare. For example, I don’t need maternity care and … I WANT A CHOICE TOO—Editorial

October 7, 2020 | 0
How to Handle a Tax Notice (“Bill”)

It’s Tax Notice season, IRS, State and Local Tax Districts are issuing those wonderful “love letters” for tax due . . . questions: 1.Is the Notice legitimate? 2.Is it Correct? 3.How to respond? Legitimacy: If the Tax Notice (“Bill”) has spelling or grammar errors, asks for payment in bit coin or cash cards or threatens … How to Handle a Tax Notice (“Bill”)

September 16, 2020 | 2020
Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

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

Welcome

My Tax Blog

August 31, 2021 | 2021 I was Getting a Refund but Got an IRS Bill . . . ?

July 20, 2021 | 2020 Hidden Treasure: Will Amending 2020 Taxes Provide Additional $$?

June 4, 2021 | 2020 Where’s My Refund? It’s been 6 weeks, 10 weeks, 12 weeks

February 2, 2021 | 0 But I CAN’T AFFORD a Tax Preparer

January 20, 2021 | 2020 Need Refund? Patience Please!

December 22, 2020 | 2020 Congress COVID Christmas Present–UPDATED 12-23-2020

December 16, 2020 | 2021 2021 Standard Mileage Rates:

October 22, 2020 | 0 I WANT A CHOICE TOO—Editorial

October 7, 2020 | 0 How to Handle a Tax Notice (“Bill”)

September 16, 2020 | 2020 Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

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