irs – Page 3 – Kenneth Athon Tax Strategies

Additional documentation needed for your 2021 tax return preparation in 2022.

7 Jan 20225 Jan 2022

Be on the lookout for these mailings from the IRS to your household: IRS letter 6419, to households with dependent children, regarding the Advance Child Tax Credit monthly payments made…

2022 Tax Season Filing Advice for Taxpayers with Children

4 Jan 202226 Dec 2021

During the most recent tax filing season, over 10 million tax returns were held for manual processing causing an enormous IRS backlog and delayed refunds, due to incorrect reporting of…

2022 Federal Holidays

December 31, 2021—New Year's Day 2022 (observed)February 21—Washington's BirthdayApril 15 * —District of Columbia Emancipation Day (observed) *May 30—Memorial DayJune 20—Juneteenth National Independence Day (observed)July 4—Independence DaySeptember 5—Labor DayOctober 10—Columbus…

Do you need to adjust your tax withholding at your job?

19 Oct 202113 Oct 2021

Why? Because withholding may be too much.Ifyou traditionally receive a large refund, re-think whether you want the government to have your money, interest free, for twele months. Additionally, consider that…

Q: Will the IRS notify me if my past due tax debt is being turned over to a collection agency?

5 Oct 202123 Sep 2021

A: Yes, the IRS will notify you by mail at your address as shown in IRS records.

Q: Does the IRS use collection agencies to collect past due taxes?

27 Sep 202123 Sep 2021

A: Yes, the following collection agencies are contracted by the IRS to collect unpaid taxes:BE Group, Inc.of Waterloo, IA, Coast Professional, Inc. of Albion, NY, and ConServe of Fairport, NY.…

Extension Filing Deadline

10 Sep 20219 Jun 2021

October 15 is the filing deadline for taxpayers who submitted an Automatic Extension request before April 15. The extension is granted to defer the Filing due date for the yearly…

Advance Payment of Child Tax Credit – FAQs

17 Aug 202116 Aug 2021

In July, 2021, the IRS started sending monthly payments to some parents of children under age 17, as an advance on the Child Tax Credit expected to be claimed on…

Business Meal Expense deduction changed for 2021-22

For calendar years 2021 and 2022, businesses (including self-employed persons) can deduct 100% of the cost of qualifying business-related food and beverage provided by a restaurant. In prior years, the…

Changes to Federal Child Tax Credit

17 Jun 20219 Jun 2021

Previous Years 2021 Per child under 17 years old ………… $2,000.00 n/a Per child under 6 years old n/a $3,600.00 Per…