Best Betts Accounting Services

09/01/2023

03/25/2022

There are four things you should do when you get a letter from the IRS:

1. Read it
2. Respond to it
3. Pay what you can
4. Keep a copy

To learn more, click here: www.irs.gov/letter

02/16/2022

If you're in the service industry and get tips, remember your tips are taxable income and you must report them. Check out this tax tip with info on reporting tips when filing your taxes: https://go.usa.gov/xtdsh

01/29/2022

FYI

NEW: Workers over 64 years old do not need qualifying children to claim the in their 2021 tax return. Help get the word out on : www.irs.gov/eitc

01/11/2022

Discount coupons for 2021 taxes. One new and one for current.

01/10/2022

Important dates for 2021 Tax Season

January 14: IRS Free File opens. Taxpayers can begin filing returns through IRS Free File partners; tax returns will be transmitted to the IRS starting January 24. Tax software companies also are accepting tax filings in advance.
January 18: Due date for tax year 2021 fourth quarter estimated tax payment.
January 24: IRS begins 2022 tax season. Individual 2021 tax returns begin being accepted and processing begins
January 28: Earned Income Tax Credit Awareness Day to raise awareness of valuable tax credits available to many people – including the option to use prior-year income to qualify.
April 18: Due date to file 2021 tax return or request extension and pay tax owed due to Emancipation Day holiday in Washington, D.C., even for those who live outside the area.
April 19: Due date to file 2021 tax return or request extension and pay tax owed for those who live in MA or ME due to Patriots’ Day holiday
October 17: Due date to file for those requesting an extension on their 2021 tax returns

01/10/2022

FYI for teachers.

The educator expense deduction allows eligible teachers and administrators to deduct part of the cost of technology, supplies and training from their taxes.

Click here to get more information about this deduction and which expenses qualify:
https://go.usa.gov/xFxVY

01/10/2022

Payment options if you owe.

Need to pay your taxes? Find out more about the different payment options?
www.irs.gov/pay

01/10/2022

FYI

Tax credits and deductions can mean more money in your pocket. You don't need to only think about this when filing your tax return. Early planning now can help make filing your 2021 tax return easier next year.
https://go.usa.gov/x6m9A