by Noreen Spiegel, CPA PC | Feb 5, 2022 | Tax Tips and News
The wait is over; the filing season for 2021 income tax returns has been opened by the IRS. But before taxpayers start sharpening pencils, cranking up the calculator and putting on a pot of coffee, they need to know they’ve got everything together to get the job done...
by Noreen Spiegel, CPA PC | Feb 5, 2022 | Tax Tips and News
The Internal Revenue Service is pushing out a new version of its frequently asked questions (FAQs) for the 2020 Recovery Rebate Credit. The updated information is featured in Fact Sheet 2022-08, which carries the latest information pertaining to tracing payments....
by Noreen Spiegel, CPA PC | Feb 2, 2022 | Tax Tips and News
The Internal Revenue Service has posted a new flock of frequently asked questions (FAQs), all aimed at answering taxpayer questions about the 2021 Child Tax Credit. The new FAQs are published in Fact Sheet 2022-06. The Child Tax Credit, expanded only for the 2021 tax...
by Noreen Spiegel, CPA PC | Feb 1, 2022 | Tax Tips and News
The gates have been opened just a little bit wider so more taxpayers who don’t have children can take advantage of the Earned Income Tax Credit (EITC). The EITC is the largest refundable tax credit in the federal tax structure, aimed at low- to moderate-income...
by Noreen Spiegel, CPA PC | Jan 29, 2022 | Tax Tips and News
We’ve only had one week of filing season, and scammers are already trying to make life miserable for everyone else. While this isn’t a shocking turn for anyone who has been paying attention to the evolution of identity theft tax refund fraud, it’s a problem that...
by Noreen Spiegel, CPA PC | Jan 27, 2022 | Tax Tips and News
The Internal Revenue Service says it has sent out all the third-round Economic Impact Payments (EIPs), but the agency is quick to add that taxpayers who missed out on the EIP still have one more chance to claim their money. These individuals will have to file a 2021...
