PSA****April 15th was supposed to be the last day of tax season but yet again the IRS is making me work more 🙄 Starting April 19th, the office will only be open Thursday, Friday, and Saturday by appointments. If we fill up those days, I will open for the Tuesday of the week. Please call the office (334) 541-2884 Thursday and Fridays for appointments or use the online schedule. Thank you for a GREAT SEASON so far!! Angela Stephens www.stephenstaxofficepros.com
stephenstaxofficepros.com
Your One S.T.O.P Shop for Taxes, Bookkeeping, Notarizing and any other Office Needs.We have just been informed that our phones are not working. The problem has been reported. If you need us please e-mail us at stephenstaxoffice@gmail.com thanks for understanding and we apologize for the inconvenience.
PSA****IRS to recalculate taxes on unemployment benefits
The IRS announced yesterday that they will re-calculate tax and automatically adjust tax returns that were filed reporting unemployment income before changes took affect due to the American Rescue Plan Act. For those taxpayers who have already filed and figured their tax based on the full amount of unemployment compensation, the IRS will determine the correct taxable amount of unemployment compensation and tax. Any resulting overpayment of tax will be either refunded or applied to other outstanding taxes owed. The IRS will recalculate returns in two phases, starting with those taxpayers eligible for the up to $10,200 exclusion. The IRS will then adjust returns for those married filing jointly taxpayers who are eligible for the up to $20,400 exclusion and others with more complex returns.
There is no need for taxpayers to file an amended return unless the calculations make the taxpayer newly eligible for additional federal credits and deductions not already included on the original tax return.
I just love when new clients tell me that they have used H&R for the pass 2 years, JacksonHewitt before that AND THEY will never use another company. I better never retire. 😍😍😍😍 Angela
The office is closed today and tomorrow due to sickness. I should be good by Monday. I hope! Angela
