by Lisa Monk & Associates LLC | Mar 10, 2021 | Tax Tips and News
It’s tax season, and that means you’re as busy as you can be. But it’s also the busy season for crafty criminals: scammers impersonating the IRS, either over the phone, by email or in person. Any of these methods can be used to steal money from people. All...
by Lisa Monk & Associates LLC | Mar 9, 2021 | Tax Tips and News
The dates for the 2021 Nationwide Tax Forum have been set. But before you start calling for airline tickets, the announcement from IRS Commissioner Chuck Rettig has some helpful advice about travel plans: “Like many of you, we look forward to resuming the IRS Tax...
by Lisa Monk & Associates LLC | Mar 6, 2021 | Tax Tips and News
It’s not uncommon for taxpayers to forget some of the tax documents required to accurately file their return, even in a normal year. When dealing with a chaotic mix of mail delays, new tax credits, underemployment, and unemployment, it’s almost guaranteed that there...
by Lisa Monk & Associates LLC | Mar 5, 2021 | Tax Tips and News
The Internal Revenue Service says its interest rates will hold at previous levels for the second quarter of 2021. The IRS says the interest rates will be: 3% for overpayments (2% in the case of a corporation); 0.5% for the portion of a corporate overpayment exceeding...
by Lisa Monk & Associates LLC | Mar 4, 2021 | Tax Tips and News
First-time income tax filers and those who usually don’t have a federal filing requirement are being urged to reconsider sitting out this filing season. They may be eligible to claim the Recovery Rebate Credit—but they have to file an income tax return to get it. The...
