Albright, Fortenberry & Ninas LLP

04/18/2022

TODAY'S THE DAY! 🤩

03/31/2022

Taxpayers may be able to claim a deduction on their 2021 tax return for contributions to their Individual Retirement Arrangement (IRA) made through April 18, 2022.

An IRA is a personal savings plan that lets employees and the self-employed set money aside for retirement and can have tax advantages. Contributions for 2021 can be made to a traditional or Roth IRA until the filing due date, April 18, but must be designated for 2021 to the financial institution.

For more information: https://www.irs.gov/newsroom/tax-time-guide-saving-for-retirement-ira-contributions-for-2021-can-be-made-until-april-18

03/31/2022

REMINDER❗️❗️ Retirees who turned 72 during the last half of 2021 - in most cases, Friday, April 1, 2022, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans.

The payments, called required minimum distributions (RMDs), are normally made by the end of the year. But anyone who reached age 72 after June 30, 2021, is covered by a special rule that allows IRA account owners and participants in workplace retirement plans to wait until as late as April 1, 2022, to take their first RMD. In other words, in general, the special April 1 rule applies to IRA owners and other participants in these plans who were born after June 30, 1949.

For more information:

IR-2022-69, March 25, 2022 — The IRS today reminded retirees who turned 72 during the last half of 2021 that, in most cases, Friday, April 1, 2022, is the last day to begin receiving payments from Individual Retirement Arrangements (IRAs), 401(k)s and similar workplace retirement plans.

02/10/2022

https://www.irs.gov/newsroom/virtual-currency-irs-issues-additional-guidance-on-tax-treatment-and-reminds-taxpayers-of-reporting-obligations

02/02/2022

https://www.irs.gov/newsroom/irs-sending-information-letters-to-recipients-of-advance-child-tax-credit-payments-and-third-economic-impact-payments

01/17/2022

Now through April 18, 2022, our office will be open Monday - Friday 8:00 am - 6:00 pm. Saturdays are by appointment only. To schedule an appointment, please contact our office at (706) 323-3643.

01/13/2022

𝐋𝐞𝐭𝐭𝐞𝐫 𝟔𝟒𝟏𝟗, 𝟐𝟎𝟐𝟏 A𝐝𝐯𝐚𝐧𝐜𝐞 𝐂𝐓𝐂
𝐋𝐞𝐭𝐭𝐞𝐫 𝟔𝟒𝟕𝟓, 𝐘𝐨𝐮𝐫 𝐓𝐡𝐢𝐫𝐝 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐈𝐦𝐩𝐚𝐜𝐭 𝐏𝐚𝐲𝐦𝐞𝐧𝐭

The IRS started issuing information letters to 𝗮𝗱𝘃𝗮𝗻𝗰𝗲 𝗰𝗵𝗶𝗹𝗱 𝘁𝗮𝘅 𝗰𝗿𝗲𝗱𝗶𝘁 recipients in 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿. Recipients of the third round of the 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗜𝗺𝗽𝗮𝗰𝘁 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀 will begin receiving information letters at the end of 𝗝𝗮𝗻𝘂𝗮𝗿𝘆. People receiving these letters should keep them. 𝗗𝗼 𝗻𝗼𝘁 𝘁𝗵𝗿𝗼𝘄 𝘁𝗵𝗲𝗺 𝗮𝘄𝗮𝘆. These letters can help taxpayers, or their tax professional, prepare their 2021 federal tax return.

For more information: https://www.irs.gov/newsroom/irs-sending-information-letters-to-recipients-of-advance-child-tax-credit-payments-and-third-economic-impact-payments

01/10/2022

Ciao 2021! We said goodbye to 2021 with good friends and good food. Here’s to making the best of 2022 🥂

01/10/2022

You may need to pay estimated taxes to avoid a tax bill and possibly a penalty. The final payment for 2021 is due Tuesday, January 18. https://go.usa.gov/xtCHV

01/08/2022

sending letters to recipients of advance payments and third . Using the information in these letters when preparing your tax return can reduce errors, avoid refund delays. https://go.usa.gov/xt3mm