Durham & DurhamJun 24, 20222 minTaxpayer Advocate expresses concern about continued refund delays and poor taxpayer serviceKey taxpayer challenges this year have included return processing delays, correspondence processing delays, and difficulty reaching the IRS.
Durham & DurhamJan 5, 20222 minMajor Changes to Mobile Payment Apps like Venmo & PayPal Income ReportingMobile Payment income reporting has changed to totals exceeding $600.
Durham & DurhamSep 16, 20211 minNEW for 2021 Charitable ContributionsNew in 2021 you may take a $300 (Single/HOH) or $600 (MFJ) deduction in cash contributions to a qualified organization if you don’t itemize.
Durham & DurhamAug 13, 20211 minChild Tax Credit Update PortalThe 2nd Advanced CTC Payment is scheduled to be issued Friday 8/13/21.
Durham & DurhamAug 9, 20212 minDelivery OR Vehicle Transport Driver ExpensesAny time you are using your vehicle for delivery or transporting paying riders, those are business miles.
Durham & DurhamAug 3, 20211 min100% Restaurant Deduction for BusinessesBusinesses can claim 100% of their food or beverage expenses paid to restaurants.
Durham & DurhamJul 26, 20212 minNEW ADVANCED Child Tax Credit PaymentsThe Child Tax Credit per qualifying child has increased to $3,600 for children ages 5 & under; and $3,000 for children ages 6 -17.