2020 – 09/29 Have some of your records been destroyed in a disaster? Records can help people prove their disaster-related losses. Past financial statements can be recovered from credit card companies or banks. Homeowners can get property-related documents by contacting their title or escrow companies, or the lender that handled their home purchase. Also, taxpayers who made home improvements can contact the contractors who did the work and ask for statements to verify the work and cost. Need copies of tax returns? You can contact us if we prepared your return. The IRS also provides return transcripts immediately by using the “Get Transcript” at IRS.gov. Or order transcripts by calling 800-908-9946.
Similar Posts
Economic Impact Payments
2020 – 08/17 The IRS has reopened the registration period for those who didn’t receive $500-per-child Economic Impact Payments (EIPs) earlier this year. Certain federal benefit recipients are urged to use the IRS’s “Non-Filers tool” from 8/15/20 through 9/30/20 to enter information on their qualifying children to receive the catch-up supplemental payments. Parents eligible to…
Helping employees understand their health care accounts
2020 – 08/26 Many businesses now offer, as part of their health care benefits, various types of accounts that reimburse employees for medical expenses on a tax-advantaged basis. These include health Flexible Spending Accounts (FSAs), Health Reimbursement Arrangement (HRAs) and Health Savings Account (HSAs, which are usually offered in conjunction with a high-deductible health plan)….
Deductions: Estates and Trusts
2020 – 09/22 Final guidance is available for decedent’s estates and non-grantor trusts on the treatment of certain deductions. The Tax Cuts and Jobs Act prohibits individuals, estates and non-grantor trusts from claiming miscellaneous itemized deductions for tax years after 2017 and before 2026. The final regulations clarify deductions that don’t fall under that heading,…
When Does a Business Need an Audit? Common Triggers Every Owner Should Know
Most business owners don’t spend much time thinking about audits, reviews, or financial statement assurance. They’re focused on growing the business. They’re pursuing new customers, hiring employees, managing operations, and looking for the next opportunity. As long as the company is performing well, it’s easy to assume the financial side of the business is in…
Advance Payment of Employer Credits
2020 – 07/17 Did your company file for COVID-19-related employer tax credits and experience delays in the processing of Form 7200, “Advance Payment of Employer Credits Due to COVID-19?” If so, you’ll soon be hearing from the IRS. Form 7200 is used by qualified employers to request an advance payment of the CARES Act’s employee…
Prioritize customer service now more than ever
2020 – 09/09 You’d be hard-pressed to find a business that doesn’t value its customers, but tough times put many things into perspective. As companies have adjusted to operating during the COVID-19 pandemic and the resulting economic fallout, prioritizing customer service has become more important than ever. Without a strong base of loyal buyers, and…
