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The Internal Revenue Service encourages taxpayers to take necessary actions to help file federal tax returns timely and accurately in 2021. RECOVERY REBATE CREDIT/ECONOMIC IMPACT PAYMENT Taxpayers who received an Economic Impact Payment, should keep Notice 1444, Your...

Over 36 million people filed for unemployment this year in the wake of the Covid-19 pandemic. All unemployment benefits are considered taxable income. By January 31, 2021 you will receive a Form 1099-G that will show your total benefits and taxes withheld. Under the...

As of December 2020, the U.S. Small Business Administration continues to process loan forgiveness applications. If you have not already applied, you are urged to do so as soon as possible. Earlier this year, the Federal Government approved a stimulus package that...