Casey's Tax Service

07/04/2021

Casey’s will be closed Monday, July 5 through Monday, July 12! Have a great week!!

05/12/2021

https://www.usatoday.com/story/money/2021/04/23/stimulus-check-update-2021-tax-refund-delay-covid-relief-payments/7344076002/

The Internal Revenue Service is holding 29 million returns for manual processing, contributing to longer refund delays for many Americans.

05/05/2021

This is how the Tax Preparer celebrates Cinco de Mayo this year! 🙁 Caffeine and fast Mexican food! 😭

04/22/2021

Americans experiencing homelessness have free options to claim the 3rd Economic Impact Payments and the Recovery Rebate Credit, if they don’t normally file taxes with IRS and haven’t received any payments yet: http://go.usa.gov/xsm7B

04/22/2021

WASHINGTON — Today, the Internal Revenue Service, the U.S. Department of the Treasury, and the Bureau of the Fiscal Service announced they are disbursing nearly 2 million payments in the sixth batch of Economic Impact Payments from the American Rescue Plan.
Today’s announcement brings the total disbursed so far to approximately 161 million payments, with a total value of more than $379 billion, since these payments began rolling out to Americans in batches as announced on March 12.
The sixth batch of payments began processing on Friday, April 16, with an official payment date of April 21, with some people receiving direct payments in their accounts earlier as provisional or pending deposits.

04/08/2021

Treasury, IRS provide guidance on tax relief for deductions for food or beverages from restaurants
Businesses can temporarily deduct 100% beginning Jan. 1, 2021
🍔🍝🍜

03/19/2021

Nebraska to Follow IRS Extending Individual
Income Tax Filing Date

MARCH 19, 2021 (LINCOLN, NEB.) — The IRS announced that it will extend the tax filing date and postpone the
payment deadline for federal individual income taxes from April 15, 2021 to May 17, 2021 for the 2020 tax year.
Nebraska Tax Commissioner Tony Fulton announces that the Nebraska Department of Revenue (DOR) will do the
same. As indicated in the IRS notice the extension and postponement does not include estimated payments.

02/22/2021

Recovery Rebate Credit
The IRS announced last week that, as required by law, all legally permitted first and second round of Economic Impact Payments have been issued. Get My Payment was updated on January 29 to reflect the final payments and will not be updated again. If individuals didn’t receive all or part of their payment, they may be eligible to claim the Recovery Rebate Credit with their 2020 tax return.

Important Notes:

Claiming the wrong amount of the Recovery Rebate Credit will cause the return to require additional IRS review which will delay refund processing. Taxpayers can confirm their stimulus payments either by referencing IRS-mailed Payment Confirmation Notices 1444 and 1444-B, checking their bank account activity, creating/viewing their online account, verifying issued payments through the Get My Payment tool, or requesting an account transcript.

Eligibility for the RRC is based on 2020 tax year information, while the Economic Impact Payments were based on 2019 (or 2018) information.

01/15/2021

The IRS just issued their announcement that they will start taking Individual tax returns - Feb 12, 2021.

HOWEVER, if you traditionally receive Earned Income Credit OR Additional Child Tax credit, those returns will not start processing until February 22, 2021.