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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.

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My Tax Blog

January 22, 2022 | 2022
2022 Tax Year: (as of Jan 2022) Pearls and Pains

Woman in ivory elizabethan gown wearing 3 pearl necklaces. her Hand is underneath the necklaces holding them away from her neck

Since the Build Back Better Act is stuck in the Senate 2022 tax year has a few changes (unless Congress intervenes) there will be: No Stimulus payments No Advanced Child Tax Credit Payments. Child Tax Credit reverts to $2,000 per child under age 17 Lower Earned Income Tax Credit No charitable Deduction on … 2022 Tax Year: (as of Jan 2022) Pearls and Pains

January 10, 2022 | 2021
Tax Cliff Notes: Filing? Credits? Refunds?

wood desktop with tablet pencil, pens, binder clips and calculator

IRS plans to start accepting individual tax returns on January 24. Tax preparers may be preparing returns before January 24 so they can be filed as soon as the IRS is ready. Taxpayers receiving Earned Income Credit or Child Tax Credit on the return may have a delayed refund. IRS is statutorily allowed to … Tax Cliff Notes: Filing? Credits? Refunds?

December 30, 2021 | 2021
Year End Tax Savings. . . for 2021

Man & woman setting at desk with papwers. Man is covering face with hand head lowered. Woman is covering her mouth with her hand

The year is over tomorrow and taxes were back burnered. . . (no pressure). What to do, don’t want to owe . . . As requested. . . For individuals: Pay outstanding medical bills. Keep track of total medical paid (doctor, hospital, labs, prescriptions, medical mileage, medical insurance paid out of pocket etc) for … Year End Tax Savings. . . for 2021

December 21, 2021 | 2021
Odds & Ends 2022 Mileage Rates

pile of gifts wrapped in metallic gold and metallic red gift paper

In case you haven’t heard, Congress gave the IRS and all taxpayers like you a gift for Christmas (maybe not what you expected). They have paused the Build Back Better debate for 2021. The law may be considered again for passage in 2022 session. IF the law had been passed this late in the … Odds & Ends 2022 Mileage Rates

December 9, 2021 | 2021
Facts & Figures 2021 Tax year & Some For Tax Year 2022

calculator and notepad hand with pen is writing on notepad

Build Back Back Better (“BBB”) is still being negotiated So here is something a little more concrete: The numbers and limits for 2021 tax season: FACTS & FIGURES, TBA=To be announced Tax Year 2021 2022 Social Security COLA 1.3% 5.9% Part B premium- income < $85,000 … Facts & Figures 2021 Tax year & Some For Tax Year 2022

November 23, 2021 | 2021
Build Back Better, the Saga Continues

pile of gold and silver coins on a black table

Yes it has passed the House but it must also pass the Senate before the Bill can become law. What’s in it? That depends on which version is being discussed. Provisions will change until its submitted to the President’s desk. What’s in the House Build Back Better Plan? Careful, what is currently in it … Build Back Better, the Saga Continues

November 9, 2021 | 2021
MUSICAL CHAIRS & 2021 TAX RATES

Congress is still hammering out provisions of the Build Back Better plan. Some provisions have been modified and other provisions have been removed. The bank reporting of deposits of $600 or more have been changed to $10,000 or more (contacting Congress DOES change things?!). So looking to those things that are already determined … MUSICAL CHAIRS & 2021 TAX RATES

October 13, 2021 | 0
IRS Working with Private Debt Collection Agencies AGAIN!

If its been more than a year since you paid on or contacted the IRS for that annoying tax debt, the IRS may refer your account to a private debt collection agency. However, the IRS only works with a handful of agencies. Here’s how to know if that collection letter is legitimate: Collection letter comes … IRS Working with Private Debt Collection Agencies AGAIN!

October 5, 2021 | 0
Internal Revenue (But No) Service . . .

Hands with pitcher pouring water into a glass

Tried to call the IRS lately? Nobody answers the phone (or so it seems). Return processing is slow. As June 25, 2021, there were approximately 16.7 million 2019 and 2020 tax returns and almost three million amended returns waiting to be processed*. Then there’s the advanced Earned Income Credit and unemployment over payment stimulus … Internal Revenue (But No) Service . . .

September 23, 2021 | 2020
Love Letters & the IRS (Recovery Credit Tax Notices Part II)

woman setting at computer desk holding her head

IRS is processing its backlog and is issuing lots of “love letters” otherwise known as Tax Notices. Many of the 2020 Tax year tax notices are for Recovery Credit. For Tax Year 2020, Taxpayers not receiving the the full stimulus amount for both payments ($1200 per adult and/or $500 per child received March -May … Love Letters & the IRS (Recovery Credit Tax Notices Part II)

Welcome

My Tax Blog

January 22, 2022 | 2022 2022 Tax Year: (as of Jan 2022) Pearls and Pains

January 10, 2022 | 2021 Tax Cliff Notes: Filing? Credits? Refunds?

December 30, 2021 | 2021 Year End Tax Savings. . . for 2021

December 21, 2021 | 2021 Odds & Ends 2022 Mileage Rates

December 9, 2021 | 2021 Facts & Figures 2021 Tax year & Some For Tax Year 2022

November 23, 2021 | 2021 Build Back Better, the Saga Continues

November 9, 2021 | 2021 MUSICAL CHAIRS & 2021 TAX RATES

October 13, 2021 | 0 IRS Working with Private Debt Collection Agencies AGAIN!

October 5, 2021 | 0 Internal Revenue (But No) Service . . .

September 23, 2021 | 2020 Love Letters & the IRS (Recovery Credit Tax Notices Part II)

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