From the tax tips Tag

Will I Qualify for a Stimulus Check?

Individuals who earn $75k or married individuals, filing jointly earning $150K or less as reflected by their adjusted gross income, qualify for the full stimulus payment. If you received a refund and provided your […]

Effective vs. Marginal Tax Rates – Did You Know?

Do taxpayers belonging to the “22% tax bracket” actually pay federal income taxes equal to 22% of their earnings? The answer is no, and the explanation lies in the difference between marginal and effective […]

Why Is My Refund Different Than The Amount On The Tax Return I Filed?

All or part of your refund may have been used (offset) to pay off past-due federal tax, state income tax, state unemployment compensation debts, child support, spousal support, or other federal non-tax debts, such […]

Scammers and IRS Impersonation – Did You Know?

The IRS has issued alerts about scammers that are continuing to contact taxpayers. Among the most common are phone calls and fake emails. Thieves use the IRS name, logo or a fake website to […]

HDHPs and COVID-19 – Did You Know?

The IRS has advised that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment without jeopardizing their status. If you have a HDHP that covers these costs, you may […]

Where’s My Refund?

The IRS provides a “Where’s my Refund” (https://www.irs.gov/refunds) tool to check the status of your refund. The “Where’s my Refund” tool is updated once daily, usually overnight. Your status is generally available within 24 […]

2020 Mileage Rate Increase

Starting on Jan. 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 57.5 cents for every mile of business travel driven, a decrease […]

Quickly Approaching 2020 Tax Deadlines

Below is a list of the approaching tax deadlines: S-Corporation and Partnership Returns are due on March 16, 2020. Extension allowed to September 15, 2020. C-Corporation returns are due on April 15, 2020. Extension […]

Tax FAQ Series – I Think My Business Needs To Sign Up For an Arizona Transaction Privilege Tax. How Do I Go About This?

Please know that the Consolidated TPT application online has all forms of ID’s and taxation (sales tax, use tax, etc. along with payroll tax, etc.) All you need is the payroll withholding component and […]