News & Updates

This is CNN’s live blog for the global coronavirus pandemic.

“The Trump administration wants to send direct cash payments to Americans in the coming weeks to help them cope with the economic ravages of the coronavirus, Treasury Secretary Steven Mnuchin said Tuesday, part of a massive economic stimulus package taking shape between the White House and Capitol Hill.” Click HERE to read the article.

It’s vitally important to read every bit of an article. This article says the public has 90 more days to PAY their taxes, NOT 90 more days to file them. You still must file by April 15, or submit paperwork for an extension. Click HERE to read the article.

We can prepare your taxes and still practice social distancing. You can send us the documents electronically (we can help you), or you can drop off the paperwork.

“The Internal Revenue Service confirmed that the nation’s tax season will start for individual tax return filers on Monday, January 27, 2020, when the tax agency will begin accepting and processing 2019 tax year returns.” (click HERE for the entire article)

There are two types of tax credits:

• A nonrefundable tax credit means you get a refund only up to the amount you owe.
• A refundable tax credit means you get a refund, even if it’s more than what you owe.

Visit the IRS website at https://www.irs.gov/credits-deductions-for-individuals for detailed tax credit information for individuals and businesses.

Make an appointment with our experts for specific information related to you and your business, and let us help you maximize your tax credits.

” WASHINGTON — The Internal Revenue Service today issued a reminder for owners of most heavy highway vehicles that the time to file Form 2290, Heavy Highway Vehicle Use Tax Return, began July 1, 2019.

The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more. This generally includes large trucks, truck tractors and buses. The tax is based on the weight of the vehicle and a variety of special rules apply. These special rules are explained in the instructions to Form 2290.” IR-2019-138, August 1, 2019

For more information about the highway use tax, visit the Trucking Tax Center at IRS.gov/trucker.