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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

July 20, 2021   |   2020
Hidden Treasure: Will Amending 2020 Taxes Provide Additional $$?

pile of gold and silver coins on a black table

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 $$?

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January 20, 2021   |   2020
Need Refund? Patience Please!

pile of $1.00 bills

  IRS is going to be running a little “late” this year. According to the information received as of today (January 15, 2021), IRS will start processing 2020 Tax Year individual Tax Returns February 12, 2021.  Tax Returns can be prepared before February 12 processing date. Estimated refund processing times for returns that refund extra … Need Refund? Patience Please!

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August 27, 2020   |   0
IRS Pays ME Interest?!

clock with stack of coins

Yes, under certain conditions. FOR TAXPAYERS: The IRS must pay interest if the taxpayer’s tax refund is paid more than 45 days after the tax return due date.   Because of the COVID-19 shutdown, some individual taxpayer refunds have interest added.  Extra money from the IRS . . .Yay! Careful: CATCH22!! IRS interest received is taxable. … IRS Pays ME Interest?!

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January 30, 2019   |   0
Why File Taxes Early?

calculator and note pad with hand writing

To avoid tax related identity theft Most identity thieves file “phony” returns early so that the IRS receives the phony forms before the “real” taxpayers have time to file. After a tax return is electronically filed, any other individual electronically filed return for the same tax year and same social security number is rejected. So … Why File Taxes Early?

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