Hema Rupnarain, CPA PA

01/28/2026

The commencement of Tax Season brings notable updates regarding payment remittance and receipt procedures for the IRS. The Internal Revenue Service has issued a fact sheet outlining its transition from paper checks to electronic payments for tax obligations and refunds. It’s worth a browse, and is accessible at:

08/09/2024

For those that have the upcoming September 16th tax return extension deadline (businesses) and October 15th tax return extension deadline (individuals), and are in the State of Florida, Georgia, South Carolina, or North Carolina please see below. With the exception of South Carolina, not all counties in the above states qualify so please read the fine print.

Full IRS release here 👉🏼 https://www.irs.gov/newsroom/irs-relief-now-available-to-hurricane-debby-victims-in-all-of-south-carolina-most-of-florida-and-north-carolina-part-of-georgia-various-deadlines-postponed-to-feb-3-2025

01/29/2024

The 2024 Tax Season is here! The IRS will begin accepting and processing returns today Monday, January 29, 2024.

S-Corps, C-Corps and Partnership deadline is Friday March 15th.

Individual tax filing deadline is Monday April 15th.

IR-2024-04, Jan. 8, 2024 — The Internal Revenue Service today announced Monday, Jan. 29, 2024, as the official start date of the nation’s 2024 tax season when the agency will begin accepting and processing 2023 tax returns.

01/13/2023

The 2023 Season is here! The IRS will begin accepting and processing returns on Monday, January 23, 2023.

S-Corps, C-Corps and Partnership deadline is Wednesday March 15th.

Individual tax filing deadline is Tuesday April 18th.

IR-2023-05, January 12, 2023 — The Internal Revenue Service today announced Monday, January 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns.

10/03/2022

Hurricane Ian victims throughout Florida now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments. This does NOT apply to payments that were due on April 18, 2022 for the 2021 Tax Returns. Penalties and interest will continue to accrue on those payments.

IR-2022-168, September 29, 2022 — Hurricane Ian victims throughout Florida now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

01/20/2022

Tax Season is here! The IRS will begin accepting and processing returns on Monday, January 24, 2022.

S-Corps, C-Corps and Partnership deadline is Tuesday March 15th.

Individual tax filing deadline is Monday April 18th.

IR-2022-08, January 10, 2022 — The IRS announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.

07/07/2021

This is an informative article on why some families may want to opt OUT of the Advance Child Tax Credit:

https://www.forbes.com/advisor/taxes/why-you-might-want-to-opt-out-of-the-monthly-child-tax-credit-payments/

Remember, it’s an advance of the credit you’d normally get on your tax returns. See below for the link to unenroll or manage the payments. For joint filers, it’s important for both spouses to unenroll (if that is what is desired), otherwise the other spouse will continue to get the payments.

https://www.irs.gov/credits-deductions/child-tax-credit-update-portal

Unenroll if you don’t want to get advance Child Tax Credit payments or check if you’re enrolled.

03/20/2021

Update on non-taxable portion of Unemployment Comp paid in 2020: IRS to Handle Unemployment Returns, Don't Amend

Returns filed with unemployment benefits prior to the $10,200 exclusion SHOULD NOT be amended. The IRS has indicated it will refigure taxes on these returns and adjust the taxpayer's account accordingly. The IRS will then send any refund amount directly to the taxpayer.

The IRS has not yet communicated a timeline for making adjustments and sending refunds.

Look for an official news release in the coming days:
https://www.irs.gov/newsroom

If you file state returns in states that conform to the federal unemployment exclusion, you may still need to file amended state level returns.

Get IRS tax news and sign up for e-News updates. Find information on Form 1040, tax relief, regulations, deadlines, tax guidance and more.

03/18/2021

NEWSFLASH: IRS to Extend Filing Season & 2020 Unemployment Payments are partially non-taxable for qualifying taxpayers

Extended Deadline: The IRS has announced that it will extend the filing season until Monday, May 17, 2021. This one-month extension is for filing and payment.

Unemployment Compensation & Advanced Premium Tax Credit: The American Rescue Plan Act of 2021 extends unemployment benefits, provides funding for state and local governments, supports vaccine rollouts, expands the child tax credit, makes a portion of unemployment compensation nontaxable for certain filers, and gives many Americans an additional Economic Impact Payment.

There are a couple of items in the bill that will affect 2020 tax returns, including the tax waiver for unemployment compensation up to $10,200 for many taxpayers and elimination of repayment of the Advance Premium Tax Credit.

For more information, view https://www.irs.gov/newsroom/tax-day-for-individuals-extended-to-may-17-treasury-irs-extend-filing-and-payment-deadline.

https://www.irs.gov/faqs/irs-procedures/forms-publications/new-exclusion-of-up-to-10200-of-unemployment-compensation

If 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.

02/03/2021

Appointment scheduling update: We are now fully booked through April 15th for the 2021 Filing Season. If you are a current client and have not made an appointment, please contact our office at 352-351-9880 for drop off options or to put in a request for an extension. Thank you to our clients for your continued loyalty and support. We appreciate your business!

02/02/2021

Are you ready to file? We are live and submitting tax returns!

❗️Important Dates❗️

▪️February 12 - Start of e-File
▪️February 22 - Where's My Refund updated for PATH Act returns
▪️First week of March - PATH Act returns start funding for direct deposit customers
▪️April 15 - deadline for 2020 tax returns

Per IRS announcement: "To speed refunds during the pandemic, the IRS urges taxpayers to file electronically with direct deposit as soon as they have the information they need. People can begin filing their tax returns immediately with tax software companies, including IRS Free File partners. These groups are starting to accept tax returns now, and the returns will be transmitted to the IRS starting February 12."

Read more here:

IR-2021-16, January 15, 2021 — The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.