by Paula Kennedy, EA | May 18, 2021 | Tax
Even after your 2020 tax return has been successfully filed with the IRS, you may still have some questions about the return. Here are brief answers to three questions that we’re frequently asked at this time of year. Are you wondering when you will receive your...
by Paula Kennedy, EA | May 11, 2021 | Tax
Before the COVID-19 pandemic hit, the number of people engaged in the “gig” or sharing economy had been growing, according to several reports. And reductions in working hours during the pandemic have caused even more people to turn to gig work to make up lost income....
by Paula Kennedy, EA | May 6, 2021 | Tax
“Tax day” is just around the corner. This year, the tax filing deadline for 2020 individual tax returns is Monday, May 17, 2021. The IRS postponed the usual April 15 due date due to the COVID-19 pandemic. If you still aren’t ready to file your return, you should...
by Paula Kennedy, EA | Apr 26, 2021 | Tax
The May 17 filing deadline for your 2020 individual tax return is coming up soon. It’s important to file and pay your tax return on time to avoid penalties imposed by the IRS. Here are the basic rules. Failure to pay Separate penalties apply for failing to pay and...
by Paula Kennedy, EA | Apr 13, 2021 | Tax
The housing market in many parts of the country is strong this spring. If you’re buying or selling a home, you should know how to determine your “basis”. How it works You can claim an itemized deduction on your tax return for real estate taxes and home...
