Happy Holiday Season! Congress pretty much ignored the tax code this year since they were, you know, busy trying to get reelected. That’s good news for this tax season but hang on – next year could be a wild ride…
Business Owner Filing Requirement
We have gotten a lot of questions regarding BOI (Beneficial Ownership Information) notices from self-employed individuals, so here’s the scoop… TL;DR – If you own a business, you likely are required to file BOI with FINCEN, so keep reading! If…
Extension Reminder
Happy political season, and may the odds be every in your favor! Regardless of who wins this election, we don’t expect any major changes to the tax code this year (because there’s an election!), but next year will have very…
Summer 2024 Tax Update
It’s time for yet another reminder that ID Theft and Cybercrimes (fraud) are both real and on the rise! These days, it’s mostly internation criminal organizations targeting everyone, but especially older individuals, and they have gotten very good at what…
Tax Day is Imminent!
Tax Day is April 15th this year and is imminent: 3 weeks away (that’s 4 weekends for you weekend tax warriors). No bonus days this year! If you haven’t already sent us your tax information, we need it ASAP! We…
Happy Leap Year!
It’s our once every 4 years, except every 100 years, except every 400 years bonus day! That’s the formula for math geeks like me, but the bottom line is we get a bonus workday this year to generate tax revenue…
Congress Wants to Help Us by Breaking Tax Season
The IRS is open and running smoothly, but (there’s that but again!), Congress wants to get extra credit during an election year by changing the tax code retroactively during tax season. What could go wrong?! It hasn’t happened yet, but…
Tax Facts 2024 Newsletter and Coupon
I just posted our January 2024 Newsletter to our website. Congress has been very busy spending lots of your money that doesn’t exist yet on their priorities like pushing electric cars that don’t work too well in the cold, so…
Are you a BOI?
If your business is an LLC, you probably are! If you receive a K-1 from a Partnership or S-Corp, you may be! The Corporate transparency Act passed as part of the Defense Appropriation Act in 2021. Its purpose is the…
Quick Pre-Season Update 2023
The IRS announced an opening date of January 29th for filing personal income taxes this year. The last day to file (without an extension) is April 15th. And so our annual fun time begins! I posted Tax Organizers to your…
Pre-Season Update 2024
It’s almost time for another “exciting” tax season! Stay tuned for our upcoming Newsletter with more details around mid-January as well as prior client coupons and personalized Tax Organizers based on your last tax return. We have super-good news for…
Year-End Tips and Special 2023 Notes
Happy Holiday Season! We would love to tell you that good news in taxes is around the corner, but Not So Much! Here we are at the end of the year and Congress still hasn’t passed a budget. Try using…
Summer 2023 Tax Update
I wanted to give everyone a heads-up that our office will be short staffed over the next month. My mom is forcing me to go on a European river cruise, then my dad is forcing me to hike the Camino…
Buzzer Beaters and OT
The game clock to file your taxes on time is ticking down! Your taxes are due TUESDAY (4/18) this year! Please, get them done ASAP. We are crazy busy in April and have only a couple appointments open, but you…
GA Tax Rebate, the Sequel
First, some good tax news! Remember the Georgia Tax Rebate of $250-500 last year? There’s going to be a sequel! Actually, a repeat with pretty much the exact same rules: Everyone who filed a GA Income Tax Return for both…
Refunds, Due Dates, and Phoning the IRS
Early filers are now receiving federal and state refunds. The IRS, in general, is taking 2 weeks or less while Georgia is taking 3 weeks or so. Of course, as they say, “individual results may vary” based on your tax…
IRS Causes Confusion in Georgia
The IRS issued a statement last week warning taxpayers in certain states, including Georgia, to delay filing because they didn’t do their homework before tax season. They’ve since released another statement saying certain state payments, including one from Georgia, might…
Sending Documents to Tax Facts
Tax Season is now in full swing and most of you either have all your tax documents or soon will. If you prefer coming into our office for an appointment, please call (770-471-3003) to get on your preferred preparer’s schedule…
The IRS is Open
The IRS is open and running smoothly so far, but it’s still very early and filing volume is low. You know what they say? Everything before the “but” is BS 😉 You should receive W-2’s and 1099’s any day now…
Tax Facts 2023 Newsletter and Coupon
I just posted our January 2023 Newsletter to our website. The IRS promises better service this year after Congress gave them a whopping $80 billion (?!?!), but I’m not holding my breath. They still haven’t caught up prior years and…