• Businesses Have 60 Days to Notify the IRS of Changes in Contact Information and Responsible Party

Businesses Have 60 Days to Notify the IRS of Changes in Contact Information and Responsible Party

Article Highlights Employer Identification Numbers (EINs) Contact Information Update Responsibilities ID Theft and Fraud Issues Responsible Party Filing Tips Updating Individual Contact Information The Internal Revenue Service (IRS) is reminding entities with Employer Identification Numbers (EINs) of their responsibility to update that information whenever the contact information or responsible party changes. IRS regulations require EIN holders to update responsible party information within 60 days [...]

By |2021-09-01T18:23:01+00:00September 3, 2021|Taxes|Comments Off on Businesses Have 60 Days to Notify the IRS of Changes in Contact Information and Responsible Party
  • Should You Opt Out of the Advance Child Tax Credit?

Should You Opt Out of the Advance Child Tax Credit?

Article Highlights: Advance Child Tax Credit Payments Began July 15 Should You Take Advance Payments or Wait for the Credit on Your 2021 tax return? How to Opt Out Basis for the 2021 Child Tax Credit Credit Phase Out Low Income Safe Harbor Repayments 2021 Credit Amounts Determining the Advance Payment Credit for High Income Taxpayers If you have children under the age of [...]

By |2021-09-01T18:23:10+00:00September 2, 2021|Uncategorized|Comments Off on Should You Opt Out of the Advance Child Tax Credit?
  • Mid-Year Tax Planning Checklist

Mid-Year Tax Planning Checklist

Article Highlights: Mid-Year Planning Avoiding Unpleasant Surprises Events That Have Tax Consequences All too often, taxpayers wait until after the close of the tax year to worry about their taxes and miss opportunities that could reduce their tax liability or financially assist them. Mid-year is the perfect time for tax planning. The following are some events that can affect your tax return; you may [...]

By |2021-09-01T18:23:21+00:00September 1, 2021|Taxes|Comments Off on Mid-Year Tax Planning Checklist
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