Last July, approximately 36 million of qualified families began receiving the first of six monthly payments for the Advance Child Tax Credit (CTC). As part of the President’s American Rescue Plan Act, the CTC had been raised to $3,600 per child under age 6 and $3,000 per child between 6 and 17 years of age. […]
Tax Services
This year, Tax Day is Monday, April 18, 2022, for most of the United States. (Maine and Massachusetts residents have until April 19 to file federal returns since April 18 is Patriot’s Day in those two states.) If you need additional time to file your 2021 taxes, please let us know as soon as possible. […]
Interest Payments on 2020 IRS Refunds In 2021, millions of taxpayers received an interest payment with their tax refunds due to processing and refund delays. If you were one of them, be on the lookout for a form called 1099-INT. Any interest you earned on your IRS refund is fully taxable and will be listed […]
We hope your 2022 is off to a positive start! As the year gets underway, a new tax season is upon us, and we are looking forward to helping you prepare your tax return in a timely and efficient manner. As the global economy faces ongoing uncertainty with the lingering pandemic and its effects, the […]
Nearly two years into the Covid-19 pandemic, working from home has become the new “normal” for many people, and it has largely been a boon for employers and employees alike. We understand the challenges of remote working and how that can create complications when filing your taxes, particularly for long-distance telecommuters who work in one […]
European countries such as France, Spain, and Italy have been open to U.S. travelers since June, and you might already have planned a summer trip. Unfortunately, if you do some shopping abroad, you’ll probably encounter something called a value-added tax, or VAT. The good news? Armed with the right information, you can often claim a […]
