Bulletproof Tax & Accounting

01/15/2024

Today we honor the legacy of Martin Luther King Jr.

01/15/2022

The IRS is sending information letters to taxpayers that received advance child tax credit payments and Economic Impact Payments in 2021. The purpose of these letters is to help taxpayers reduce tax return errors and prevent delays in the processing of their tax returns by informing you of the amount of payments that you have received.

The advance child tax credit payments letter is Letter 6419. The IRS began sending these letters out in December 2021.

The Economic Impact Payment letter is Letter 6475. This letter contains information about the Third Economic Impact Payment. You can expect to receive this letter in late January.

These two letters are important in the preparation of your tax return. The amounts reported on the letters help determine if you have received the stimulus payments that you were eligible for. If you have either or both of these letters, please be sure to provide them to your tax preparer.

Finally, the IRS has announced that they will begin processing Forms 1040 on January 24th, 2022.

Thank you,

12/24/2021

Getting your books in order

The U.S. Secret Service has selected Roy Dotson, assistant special agent in charge, to coordinate investigations into deceitful COVID-19 relief applications as the agency's national pandemic fraud recovery coordinator.Dotson will work with financial institutions, money services businesses, U.S. atto

07/16/2021

What you need to know and do....

IR-2021-153, July 15, 2021 — The Internal Revenue Service and the Treasury Department announced today that millions of American families have started receiving monthly Child Tax Credit payments as direct deposits begin posting in bank accounts and checks arrive in mailboxes.

07/08/2021

To learn more about COVID-19 scams and other financial schemes visit IRS.gov. Official IRS information about COVID-19 and Economic Impact Payments can be found on the Coronavirus Tax Relief page, which is updated frequently.

12/19/2020

Completing your W4

Find out if you need to fill out a new Form W-4 to make sureyou’re having enough federal tax withheld from your paycheck.For more information, go to https://...

12/18/2020

Pre Tax planning idea.

There’s a simple calculation that will help determine if your Social Security benefits may be taxable. Or let the Interactive Tax Assistant do the calculatio...

12/18/2020

Find out how you can tell when an IRS impersonator is calling you. For more information, go to https://www.irs.gov/phishing ...

11/19/2020

“Psst: Parents, want to pay less for college?”

Then you don’t want to miss our online class with guest expert Ron Caruthers on How to Pay for College WITHOUT Going Broke…Insider Secrets to Paying Half or Less for School

Join us today at 6:00 PM PST.

Register Now for the Free Webinar