Tax Time CPAs Blog

Good news for taxpayers who received 2020 unemployment benefits and have already submitted their 2020 tax return! It appears the IRS will not require an amended return to claim the new Unemployment...

Question: What started the year as a speculation, became a rumor, and finished out St Patrick’s day as fact? Answer: Tax Day for individuals has been extended. Again.  That’s right. The individual...

It’s happened. It’s March. The tax deadline is looming, and you still haven’t hired someone to do your taxes. Is it too late to hire a CPA and take that headache away? Of course not. It’s never too...

Do you know what to bring to your tax appointment? If not, you’re not alone in wondering.  This question is one we get a lot at Tax Time CPAs. And whether you consider yourself tax-savvy or a tax...

February is traditionally the month of love, and with all the chatter floating around about love, taxes might not be the first thing that comes to mind. Actually, I’d say for most people, love and...

For those eager to get a jump on filing their taxes, the count down has begun! But just when will all those tax documents hit your mailbox or inbox?  There are numerous forms you may receive each...

One of the topics both accountants and small business owners have been anxiously watching was whether or not Congress would act to change the deductibility of expenses paid with Paycheck Protection...

Part of the fun of annual tax compliance is pulling together all the payments you’ve made during the year to determine who gets Form-1099. If you have independent contractors, you may have heard...

Like clockwork, as we approach the end of the year, people’s minds turn toward charitable contributions either to aid causes they’re passionate about, for the tax deduction, or both.  This year...

Ah, credentials. Enrolled Agent (EA). Certified Public Accountant (CPA). Those of us who hold certifications are very proud of the time and effort put into achieving those coveted letters at the end...