IRS strongly urges taxpayers not to file amended returns related to the new legislative provisions

The IRS strongly urges taxpayers not to file amended returns related to the new legislative provisions or take other unnecessary steps at this time. The IRS will provide taxpayers with additional guidance on those provisions that could affect their 2020 tax return, including the retroactive provision that makes the first $10,200 of 2020 unemployment benefits […]

ARP

The American Rescue Plan Means More $$$ for Most Taxpayers

If you have been following the news, you know the new COVID relief plan should be signed by President Biden today. It’s called The American Rescue Plan. This plan not only includes another $1400 in stimulus payments for tax payers and their dependents, but it also includes other tax benefits for certain individuals applicable for […]

Hello. Have you filed your taxes yet???

The 2019 deadline to file and PAY your taxes is days away!!!  July 15th to be exact. I still have space to take a few more tax returns, but You CAN request an extension to FILE your taxes, but there is no extension to PAY any taxes owed. To avoid penalties and fines you must […]

UPDATE: 2019 IRS and CA Tax FILING and PAYMENTS Extension Now July 15th

The news regarding COVID-19 is forever changing. I will do my best to keep you updated with information pertaining to tax filings, payments and a few other interesting financial news. As of today, March 20, 2020 the IRS and CA Franchise Tax Board have both changed their tax filing AND payments deadline to July 15, […]

Tax Extension Due to COVID19 – Is a PAYMENTS Extension Not a FILING Extension

I hope you are staying safe during these unprecedented times of the COVID-19 Coronavirus shelter-in-place mandate. Many of you may have heard the Trump Administration’s announcement concerning tax payment extensions. What this means is if you OWE IRS taxes on your 2019 income, that payment date is postponed from April 15, 2020, to July 15, […]

MyWalkTax – 2019 Tax Filing Season Update

Hello Clients and Friends: The 2018 Tax Season officially began January 28th. I am ready to serve your tax preparation needs, so you may start sending your documents over at any time. Please take a moment to read the details below. Getting Your Documents To Me, Drop-Offs and Appointments CURRENT CLIENTS: In order to meet […]

The New Tax Law will decrease taxes for most taxpayers

The New Tax Law will decrease taxes for most taxpayers. However, there is some “fine print” in the New Tax Law, that actually takes away deductions and tax credits that you may be expecting to receive for the coming tax season. Here are a few of the disappearing tax breaks: No more write-off for employee business expenses.  If you are an employee […]