Allen Accounting & Tax, LLC

01/10/2022

Turbulence ahead!

The IRS is still dealing with backups in processing returns from the past two filing seasons.

06/22/2021

https://www.cnet.com/personal-finance/second-child-tax-credit-portal-now-open-heres-what-it-does/?fbclid=IwAR3IxbQzerdH4PLyZXc_CVZWiZA3nv6Jt8FRIMPjfLKMSerWRm9hrm0_ux0

The two new websites out today will help families find out if they're eligible for the child tax credit payments and opt out if they'd like. We'll tell you how to use the IRS tools.

03/17/2021

IRS extending the deadline to May 15, 2021 for the 2020 tax season:

The IRS is planning to push back the deadline for the tax filing season about one month, to May 17 from April 15.

03/13/2021

Here’s the unemployment guidelines in the new stimulus!

f your modified adjusted gross income (AGI) is less than $150,000, the American Rescue Plan enacted on March 11, 2021, excludes from income up to $10,200 of unemployment compensation paid in 2020, which means you don’t have to pay tax on unemployment compensation of up to $10,200.

03/13/2021

Get ready for stimulus #3! I will post all the updates coming from the new bill as soon as we get all the guidance.

The American Rescue Plan includes a $1,400 third stimulus check. Updated timeline, targeted income limits, payment tables, tracking and tax requirements.

01/25/2021

There is a new PPP loan for those business that are suffering, give us a call and see how we can help you!

01/25/2021

February 12th is the official beginning of tax season-but feel free to call and make your appointment!

05/29/2020

Did you receive your Economic Payment from the IRS on a Prepaid debit card?
Some quick tips:
-You can deposit it into your bank,
-You can use it wherever credit cards are accepted,
-You can use it to get cash at an ATM,
-Check your balance with your mobile phone.

Here is the link detailing some more info & FAQ’s about the prepaid card:

IR-2020-105, May 27, 2020 – As Economic Impact Payments continue to be successfully delivered, the Internal Revenue Service today reminds taxpayers that some payments are being sent by prepaid debit card.

04/20/2020

For all you self employed and 1099 Misc contractors, here is your long awaited help!

Pandemic Unemployment Assistance (PUA) provides up to 39 weeks of unemployment benefits to individuals who are unable to work because of a COVID-19-related reason but are not eligible for regular or extended unemployment benefits.

04/20/2020

For everyone who is self employed or a contractor, here is your help!

Pandemic Unemployment Assistance (PUA) provides up to 39 weeks of unemployment benefits to individuals who are unable to work because of a COVID-19-related reason but are not eligible for regular or extended unemployment benefits.

04/17/2020

Alright folks, here’s where to see about your stimulus payment:

We’re committed to helping you get your economic impact, or stimulus, payment as soon as possible. See if you are eligible for an Economic Impact Payment.

04/14/2020

If you typically pay in and want your stimulus check faster, the IRS is establishing a new tool just for you! Contact us for more information.