Form W-9: Do You Use Independent Contractors? This is what You Need to Know and “DO” If you use the services of independent contractors and other business owners, you MUST ask them to give you a form W-9. The W-9 form should be completed by a “U.S. person” who is a U.S. citizen or legal […]
Made a Mistake on Your Tax Return That Has Been Filled? Tax filing season can be a stressful time where many people make mistakes on their tax returns each year. In addition, Congress has made many changes in tax laws this year which made the most complicated tax season ever. However, If you just realized […]
Good news for parents: the child tax credit is changing for the 2021 tax year. By July 1, millions of eligible American families with children will start receiving monthly payments from $2000 to up to $3600 per kid, depending on their age and the annual income of their parents. In addition, the American Rescue Plan […]
Have You Received Unemployment Benefits in 2020? You May Eligible to Get a Tax Break The Internal Revenue Service will begin issuing tax refunds automatically to many eligible taxpayers in May who already filed their tax year 2020 returns without claiming a new tax break on unemployment benefits. The legislation allows taxpayers whose adjusted gross […]
Federal Income Tax due Dates Delayed! 2020 Tax Return: When are my Taxes due? Federal Income Tax Due Dates Delayed to May 17th, 2021 … … BUT FOR INDIVIDUALS (Form 1040) ONLY! Please check with your state if they have also postponed filing as well. New York, for example, has aligned with Federal due dates. […]
