by Patricia Parrilla Tax Services | May 18, 2021 | Tax Tips and News
Some individual taxpayers and businesses in certain Tennessee counties have gotten some good news for a change: They have until August 2 to file their various tax returns with the IRS. These taxpayers have had their share of bad news lately, mostly due to spring...
by Patricia Parrilla Tax Services | May 15, 2021 | Tax Tips and News
With restaurants beginning to open more fully due to a break in the coronavirus pandemic, employees in the food and beverage industry are soon likely to have a lot more to report on their taxes: Tips. That’s why the Internal Revenue Service is reminding taxpayers that...
by Patricia Parrilla Tax Services | May 14, 2021 | Tax Tips and News
If you live in the Southeast, long lines and questionable containers are a sad reality at many local gas stations. The temporary Colonial Pipeline disruption caused a rush on fuel this week, leading many in the region to hoard gasoline. Luckily, our post-apocalyptic...
by Patricia Parrilla Tax Services | May 13, 2021 | Tax Tips and News
Most Americans think that when it comes to paying income tax, Social Security benefits are off-limits. And in most cases, that may be true, but add a little income on the side, and those non-taxable benefits can shift onto the taxable side of the spreadsheet. Social...
by Patricia Parrilla Tax Services | May 12, 2021 | Tax Tips and News
As you might have experienced first-hand, those with unused funds from a 2020 dependent care assistance program (DCAP) could have questions about newly allowed carryovers and whether those funds are taxable. Well, the Internal Revenue Service this week issued...
Patricia Parrilla Tax Services