James Moore & Associates P.C.

08/26/2022

"A broad range of tax and information returns for 2019 and 2020 tax years will receive automatic relief from failure-to-file penalties released by the IRS Wednesday."

As part of COVID-19 pandemic relief, the IRS will automatically abate failure-to-file penalties for certain tax and information returns and refund those penalties already paid.

06/29/2022

"Don't miss out! To receive your Colorado Cash Back Check, you must file your Colorado state income tax return or apply for a property tax, rent, or heat credit rebate (commonly known as the PTC Rebate) by June 30, 2022. You'll then receive Colorado Cash Back by September 30, 2022. Extended filers who have a deadline of October 17, 2022, will receive the refund by January 31, 2023." This is a wonderful article that goes over any questions you may have regarding the PTC Rebate.

About Colorado Cash Back On May 23, 2022, Gov. Jared Polis signed a new law (Senate Bill 22-233) to give Coloradans a tax rebate of $750 for individual filers and $1,500 for joint filers this summer. This law will provide immediate relief to Coloradans by sending you a check this summer instead of s...

02/10/2022

"The Internal Revenue Service said Wednesday it is suspending more than a dozen automated letters it sends out to taxpayers, including collection notices, balance due notices and unfiled tax return notices, after coming under pressure from lawmakers and tax professionals to first catch up on its backlog of unprocessed returns."

The agency is halting automated collection notices, balance due notices and unfiled tax return notices, after coming under pressure from lawmakers and tax professionals to first catch up on its backlog.

01/06/2022

We hope everyone had a wonderful and safe holiday season!!!

As 2022 begins, we are starting to prepare for this upcoming tax season. Please be on the look out for our organizers that are being sent out towards the beginning of January for existing clients. Inside the organizers includes steps that we are taking to keep everyone safe despite the COVID numbers rising. We are no longer seeing people in person for meetings of any kind. But we are happy to make virtual or telephone meetings. Our COVID-19 procedures will look similar to our procedures during last year.

12/08/2021

Wonderful news! There is now an extra step you can take to protect your information from identity theft with the IRS. This may be a good option to consider before tax season starts up again.

IR-2021-238, December 1, 2021 — As part of a wider effort to increase security, the Internal Revenue Service today reminded taxpayers they can get extra protection starting in January by joining the agency’s Identity Protection Personal Identification Number (IP PIN) program.

09/22/2021

Wonderful news for small businesses that continue to struggle as the COVID Delta variant continues to disrupt businesses from returning to normal!

Increased Loan Cap to $2 Million, Expanded Use of Funds to Pay and Prepay Business Debt, Streamlined Review Processes, and Deferred Payments; First Approval and Disbursement of Loans of $500,000 or Less Also Introduced.

08/02/2021

This article is a great tool for more information regarding a new application in order to simplify the PPP forgiveness that small business may have applied for during COVID-19.

"The U.S. Small Business Administration (SBA) is launching a streamlined application portal to allow borrowers with Paycheck Protection Program (PPP) loans $150,000 or less through participating lenders to apply for forgiveness directly through the SBA."

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07/19/2021

As questions begin to mount with the Child Tax Credit payments, here is an article that addresses how and why you may want to opt out of these payments.

Families can opt out from the remaining payments using a portal from the IRS and instead receive the credit when they file their 2021 taxes.

07/08/2021

SCAM ALERT: We were recently made aware that our phone number has been compromised or spoofed (to mislead people in believing we called them when we had not). None of our clients should be affected, but we wanted to alert you to another phone scam going around.
A few of the callers mentioned that the scammers using our phone number are looking for Social Security numbers. If you receive a call like this, do not give out this information to them. This is a scam! Here is some more information about spoofing. Stay vigilant!!!

Caller ID spoofing is when a caller deliberately falsifies the information transmitted to your caller ID display to disguise their identity. Spoofing is often used as part of an attempt to trick someone into giving away valuable personal information so it can be used in fraudulent activity or sold i...

06/30/2021

Many people still have yet to see their tax refund from the IRS. Unfortunately, they are very delayed. This article may provide some more insights. Continue being patient and we will update you if we are made aware of any new information.

At the end of the 2021 tax filing season, the agency held 35.3 million individual and business tax returns for manual processing.

06/07/2021

As Payments for the Child Tax Credit begins this July, there may be questions on who will qualify for these payments. This short video addresses some of those concerns and questions.

There have been changes to the Child Tax Credit that will benefit many families as they receive advance payments starting in summer 2021. For more details, v...

04/28/2021

Great visual from the Colorado Department of Labor and Employment which clarifies questions regarding identity theft for employers.