by Patricia Parrilla Tax Services | Mar 30, 2021 | Tax Tips and News
A new announcement from the Internal Revenue Service should come as welcome news to front-line health care workers nationwide. Announcement 2021-7 clarifies existing language to assure taxpayers that the purchase of personal protective equipment (PPE) can be...
by Patricia Parrilla Tax Services | Mar 27, 2021 | Tax Tips and News
The CARES Act was the first of three major COVID-relief packages that have infused the US economy with stimulus funds provided for items like direct payments, new and expanded tax credits, forgivable business loan programs, and extended unemployment insurance....
by Patricia Parrilla Tax Services | Mar 26, 2021 | Tax Tips and News
It’s easy to imagine that early bird tax filers are punctual in everything they do, maybe even embodying that Ben Franklin wisdom about bedtimes. While they may be the salt of the earth—generally making filing season just a little easier for tax pros—some may get a...
by Patricia Parrilla Tax Services | Mar 25, 2021 | Tax Tips and News
The sweeping American Rescue Plan Act of 2021 may have greenlit the third round of economic impact payments, but it also includes changes to several tax credits—many of which were designed to provide relief to struggling Americans whose finances took a hit during the...
by Patricia Parrilla Tax Services | Mar 25, 2021 | Tax Tips and News
As the old phrase goes, things are looking up. The Internal Revenue Service says more Economic Impact Payments (EIP3) are coming this week—a second round that will include paper checks and prepaid debit cards. Taxpayers getting direct deposits will see a deposit date...
Patricia Parrilla Tax Services