Fisher, P.C.

02/09/2023

The Massachusetts 62F refunds issued to everyone at the end of 2022 just might be taxable income to you, according to the IRS. The IRS is urging taxpayers in 19 states to hold off on filing their 2022 income tax returns until they decide how to treat the refunds. If you are a Massachusetts taxpayer, the refund won't be taxed at the state level, but the jury is still out on whether you'll be paying the IRS for that windfall.

They're dubbed inflation relief payments, but they reflect a hodgepodge of rules and eligibility requirements. The IRS wants time to figure out which rules apply to them.

01/26/2022

Keep an eye out for this letter if you've been receiving advance child tax credit payments. Reporting incorrect amounts on your 2021 returns could delay processing and refunds for many families.

Many parents could toss a key tax-related letter from the IRS relating to child tax credit payments in 2021. Here's what IRS Letter 6419 looks like.

01/24/2022

Electronic filing opens today, and the IRS is already forecasting a “frustrating” tax season. Get your information in early! And, please be nice to your favorite accountant.

In what even the U.S. Treasury says will be a frustrating tax season, families claiming the child tax credit and newly self-employed Americans are among filers likely to see the biggest challenges this year.

09/01/2021

Having trouble getting through to the IRS? Have you received a notice that you can’t get resolved? You’re not the only one.

The IRS says taxpayers in the same situation can simply call and request a payment trace, except one Massachusetts woman discovered that is not so simple.

01/18/2021

Tax season is in full swing, but when can you actually file your return?

If you're a business, filing season is open. Most returns can be filed as soon as all forms are finalized. For many partnerships and corporations, that could happen as soon as next week.

Individuals are looking at a significantly longer wait. Filing season opens February 12th. For those waiting on refunds, especially anyone getting the Earned Income Credit or Additional Child Tax Credit, refunds will begin to be issued the first week of March.

Don't wait until the last minute. Get your return prepared now, so you are ready to file as soon as filing season opens. You can learn the good (or bad) news now, and file when you are ready.

01/12/2021

2020 has been an interesting year for everyone. With everything going on in the world, taxes should be the least of your worries.

Were either of your stimulus payments missing or incomplete?

Did you withdraw from retirement funds in 2020?

Were you on unemployment for a large chunk of 2020?

Did you receive a PPP loan?

Do you qualify for a second PPP loan?

How do you plan for 2021 during this time of uncertainty?

We are here for our clients, not just now, but for the long haul. Discover the comfort of financial guidance at Fisher, PC.

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03/30/2020

Will you get a stimulus check? When? What if you haven't filed a tax return yet? This link answers some of those questions for you. And, if you have not filed a return, and you qualify for a check, we can help you with that. Stay safe, folks.

People have a lot of questions about the economic stimulus checks that will be mailed soon. We have answers.

03/20/2020

It's official. We are still doing our best to get out as many returns as possible, especially for our clients who may really need a refund in the coming weeks. Stay safe, folks.

Treasury Secretary Steven Mnuchin announced that tax day will be delayed from April 15 to July 15.

10/03/2019

We're in search of someone to make us a website. We've thrived for 35+ years on word-of-mouth and referrals, but it's time to give some of our newer (and more technologically adept) clients a place to find us online. Taxes we do. But, web design is way out of our wheelhouse. Send your recommendations and/or referrals our way please.

03/05/2015

Do you know anyone who has received a call from the IRS lately? Have you? It is A SCAM! Please be aware that IRS will never, ever contact you by telephone. Even if they threaten legal action, please do not give out any personal information over the telephone. It will always be a scam!