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Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline The Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing…

The IRS strongly urges taxpayers not to file amended returns related to the new legislative provisions or take other unnecessary steps at this time. I understand folks are anxious and in a rush to get needed monies the new American Rescue Plan Act of 2021 provides. However, the IRS is NOT prepared for these [mid-tax season] tax…

The IRS advises: The IRS advises how you may obtain a copy of your prior year(s) tax return. And, remember an experienced Tax Pro can always make this process even easier when you need it most: Michael A. Cook LLC. Here’s How you can Get a Copy of Your Previous Tax Return? This is the…

Special Alert The House and Senate have just passed the American Rescue Plan Act (ARP) and shortly the president is expected to sign it into law. This bill includes many provisions that have major tax impacts for 2020 and 2021 tax returns. 2020 tax-free unemployment benefits Initially the bill didn’t include retroactive tax provisions, but during the…

All taxpayers have the right to pay no more than the correct amount of tax. When taxpayers complete their tax returns, they may discover they will owe taxes. By law, they have the right to pay no more than the correct amount of tax. This is one of ten Taxpayer Bill of Rights. These are…

The Internal Revenue Service is reminding taxpayers that organizing tax records is an important first step for getting ready to prepare and file their 2020 tax return. The IRS says taxpayers should keep all necessary records, such as W-2s, 1099s, receipts, canceled checks, and other documents that support an item of income, or a deduction…

You always have the option of using Use IRS.gov to find answers. IRS tax help is available 24 hours a day on IRS.gov, the official IRS website, where people can find answers to tax questions and resolve tax issues online from the safety of their homes. The Let Us Help You page helps answer most…

This has been the craziest year, wouldn’t you agree? So many people have been in lockdown, businesses were closed or closing, unemployment has seen record-breaking numbers! And, I’m sure people are grateful there is unemployment to fall back on, but with so many layoffs and uncertainty about future employment, no one is considering the tax…