How did you spend your summer?

Remember back to your school days when there were essays and projects themed around how you spent your summer? I was never one of the ones with the “coolest” or most fun summer, as I recall. But you may all be jealous of how we will spend some of our time this summer! As mentioned …

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IRS refunding taxes paid on pandemic unemployment

Good news for those of you who collected pandemic unemployment last year and already filed your 2020 taxes. You might be getting a refund! The American Rescue Plan Act enacted in March made unemployment benefits up to certain thresholds tax free. The IRS recently announced beginning in May it will begin issuing automatic refunds for …

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Random thoughts only incidentally related to tax return preparation

As everyone is aware by this point, the tax deadline was extended by one month for 1040 returns. And in our tired haze, some odd things have come to light, so thought I would share some of these foibles. Don’t miss: Relocating to a new state? Consider these tax issues. Autocorrect can always play a …

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Relocating to a new state? Consider these tax issues.

Thinking about relocating to a new state? (Come to Arizona! It’s a dry heat!) There’s more to consider than housing and employment opportunity. Differences in state tax laws are often overlooked but equally important. Here are a few tax items to keep in mind while you’re packing your boxes. Don’t miss: The Collision of Nonprofits …

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The Collision of Nonprofits and Individuals

With the extension of the individual (Form 1040) tax deadline to May 17 from April 15 we ran into something we have never seen before. Well, in my thirty plus years of public accounting, I have never seen it. The main cohort of people in the tax department had the same deadline as the those …

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