What Is a Tax Credit, and Which Apply to Me?

What Is a Tax Credit, and Which Apply to Me?

What are Tax Credits, and Which Apply to Me? January 6, 2022: Throughout tax season we will be posting key tax-terms to assist with your preparation conversations for your 2021 filing. Oftentimes it is easy to overlook basic terms without understanding, so we will...
PPP Forgiveness and Tax Planning

PPP Forgiveness and Tax Planning

PPP Loan Forgiveness and Tax Planning  December 27, 2021: The approaching New Year will don a new tax season, and it’s time to consider what that means for any Paycheck Protection Program (PPP) loans you may have taken during the pandemic in order to keep your...
IRS Issues Warning About Email Scam

IRS Issues Warning About Email Scam

IRA Issues Warning About Email Scam April 6, 2021. By Matthew Okaty: As you may be aware, a wide scale impersonation email scam has been brought to the attention of the IRS. The scam is targeted toward the staff and students within academic systems; mainly those with...
Tax Deadline Extended for Individuals

Tax Deadline Extended for Individuals

Tax Deadline Extended for Individuals March 19, 2021: The Treasury Department and Internal Revenue Service announced on March 17th that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to...
Client Notice: Tax Document Update

Client Notice: Tax Document Update

Client Notice: Tax Document Distribution February 1, 2021. By Kevin Donohue: In the coming weeks Fidelity will be issuing preliminary tax documents, and you may have already received email correspondence indicating this.  Per usual, we will be gathering these...
2nd Stimulus Bill Updates and Planning Opportunities

2nd Stimulus Bill Updates and Planning Opportunities

Second Stimulus Bill: Updates and Planning Opportunities January 6, 2021. By Olga Okaty: The second stimulus bill recently passed by Congress and signed by the President enhances and expands a number of economic relief measures and tax provisions that will bring much...