Woolard, Krajnik, Masciangelo, LLP

01/18/2022

Taxpayers who received Advanced Child Tax Credit payments and/or the third Economic Impact Payment should be on the look out for information letters from the IRS that will be needed to accurately prepare your 2021 individual income tax return.

The Advanced Child Tax Credit letter will be identified as Letter 6419, 2021 Advance CTC. Taxpayers that file as Married Filing Jointly will receive two letters because the credit is split between each spouse.

The third Economic Impact Payment letter will be identified as Letter 6475, Your Third Economic Impact Payment.

If you have any questions please feel free to reach out to us.

COVID Tax Tip 2022-03, January 5, 2022 — 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.

03/19/2021

The IRS has announced that the filing and payment deadline for 2020 personal taxes has been extended to May 17th. Pennsylvania has also extended the filing and payment dates for 2020 personal taxes to May 17th. The first estimated payment for Federal and Pennsylvania taxes for 2021 is still due on April 15th. Please contact us with any questions on how this delay affects your tax situation and with any additional questions about the recent tax law changes in the American Rescue Plan that was signed into law.

04/02/2020

Please see our newsletter for important information regarding the recently passed legislation. Please reach out to us with any additional questions or assistance in applying for the new programs.

03/20/2020

We will be closing our 3 offices today following the order from Governor Wolf. Our staff will continue to be available to all of our clients as we work remotely during this period. Please call or email us with any questions you have. We will begin forwarding all phone calls of each office to a designated employee that can get you into contact with the person you need. We will continue to post important updates regarding tax filings as we receive them from the government. Below is a list of email addresses for the partners of the firm and the phone numbers of each office:

R. Cheston Woolard [email protected]
Susan Krajnik [email protected]
Albert Masciangelo [email protected]
Stephen Cavanagh [email protected]
John Davey [email protected]
Frank Loughry [email protected]
Michael Krajnik [email protected]

Exton Office 610-563-5200
Lansdale Office 215-699-7084
Oxford Office 610-932-4225

03/18/2020

The IRS has officially announced that tax payments due on April 15, 2020 have been postponed until July 15, 2020. The postponement is for 2019 taxes due and first quarter estimated payments for 2020. The filing date for your 2019 tax return or extension remains April 15, 2020. Please contact us with any questions related to this updated guidance from the IRS.

02/15/2020

We are pleased to announce that we have officially moved into our new office in Oxford. Thank you all for your patience during this transition.

01/24/2020

Woolard, Krajnik, Masciangelo, LLP is pleased to announce the admission of its newest partner, Michael A. Krajnik, CPA. Michael has been with the firm since 2009 and will continue to assist businesses and individuals with their accounting, payroll and tax needs.

08/08/2019

Wondering when you should claim social security benefits? Here are some tips.

Here are some tips for timing Social Security benefits to maximize retirement income. They include advice for dual-income couples and strategies for singles.

03/26/2019

Some good news for taxpayers that were hit with a surprise tax bill on their 2018 return.

The Internal Revenue Service has announced it is lowering to 80% from 85% the amount taxpayers must have paid to escape an underpayment of estimated income tax penalty for 2018. The usual rule requires at least a 90% payment of tax shown on the return.

03/17/2019

IR-2019-32, March 7, 2019 — The IRS today included tax return preparer fraud on its "Dirty Dozen" list of common tax scams for 2019 and offered tips to help taxpayers avoid unscrupulous tax preparers.

02/27/2019

IRS Commissioner shares his thoughts on the filing season.

02/11/2019

The Internal Revenue Service is expanding its identity protection PIN program to taxpayers in seven additional states. The program was created to protect taxpayers from identity theft. Previously, under this pilot program, IP PINs were available only to taxpayers in Washington, D.C., Florida and Geo...