Compuacct - Tax Preparation - Karen Plaza

02/13/2023

Just a reminder. This is the old Homestead Rebate

Reminder: Up to $1,500 in Property Tax Relief May Be Available The State of New Jersey sent this bulletin at 02/13/2023 02:45 PM EST View as a webpage / Share Updated COVID-19 Information Submit Your ANCHOR Application Today The deadline to apply for property tax relief is February 28th, 2023. Eligi...

01/14/2022

https://links.ssa.gov/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMDAsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjAxMTMuNTE3NjgzMjEiLCJ1cmwiOiJodHRwczovL2Jsb2cuc3NhLmdvdi9taWxpdGFyeS1zZXJ2aWNlLWFuZC1pbmNyZWFzZWQtc29jaWFsLXNlY3VyaXR5LWJlbmVma
XRzLz91dG1fbWVkaXVtPWVtYWlsJnV0bV9zb3VyY2U9Z292ZGVsaXZlcnkifQ.tchFWIiw3K1nCACxdhpr1tOkccAACxENUDaL9huAJVQ/s/12286883/br/124891814003-l

A misleading letter, from an unknown source, is circulating online that mentions a $1,200 special Social Security earnings credit for people who served in the military. We want to make sure veterans…

12/02/2021

The OIG is directly responsible for meeting the statutory mission of promoting economy, efficiency, and effectiveness in the administration of SSA...

11/30/2021

Can you recognize phishing scams? Those threatening emails, texts and phone calls that claim to be from the don’t pass the sniff test. For your , follow the Security Summit’s tips to avoid them. www.irs.gov/securitysummit

11/30/2021

Beware of fake charities! Protects sensitive personal and financial information that scammers can use to try filing tax returns and steal refunds. Check some tips from the at https://go.usa.gov/xemGv

11/30/2021

IRS does not ask for payments by gift cards or Zelle. If you are asked to pay that way it is a Scam!

Find out how to avoid becoming a victim of a gift card scam. For more information, go to https://www.irs.gov/scams

11/21/2021

Making the most of these tax-code changes before year-end could reduce what you owe the IRS next April.

10/17/2021

5.9% Social Security increase is coming!

The Social Security Administration announced the new COLA for 2022. Here's how much more money will be in the average benefit check.

03/20/2021

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 returns for your affected clients.

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

03/17/2021

The Internal Revenue Service will delay the April 15 tax-filing deadline until mid-May, according to a congressional aide briefed on the decision.

03/16/2021

Returns Previously Filed with Unemployment Compensation

The IRS strongly recommends that tax preparers and taxpayers should not yet file amended returns for the Unemployment Exclusion. Official IRS guidance is forthcoming.

I hear the IRS might automatically give the refund to those who meet the criteria.

03/16/2021

Unemployment Stimulus Update

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.