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I try to add tax blog articles weekly on tax topics that may be interesting to you. Please browse. If there is a topic you would like to see here or would like to more information on, please contact me.
Hidden Treasure: Will Amending 2020 Taxes Provide Additional $$?
YES and NO. The American Rescue Act was passed March 11, 2021. It made an additional refunds available to some Taxpayers. There’s no additional refund (“Hidden Treasure”) available for Taxpayers who filed their 2020 tax return before March 31, 2021 claiming only wages and federal unemployment income. The IRS automatically processes an additional refund for … Hidden Treasure: Will Amending 2020 Taxes Provide Additional $$?