Checking Your Federal Refund Status Is Easy

Learn how to Check your Federal Tax Return Status

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If you have already filed your federal tax return and are due to receive a refund, you can check the status of your refund online. Where’s My Refund? is an interactive tool on the IRS website. Regardless of whether you have split your…
Are You Eligible For a 2018 Tax Refund?

Are You Eligible For a 2018 Tax Refund?

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You may be one of the many taxpayers eligible for a refund from their 2018 tax return. Last December, tacked on to an Appropriations Act, Congress passed the long-awaited extenders bill. This bill had been lingering in Congress for about 2 years…
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Spotlight: How to Apply for Advance Payment (Refund)

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The IRS has issued a final version of Form 7200 (Advance Payment of Employer Credits Due to COVID-19) and its accompanying instructions on March 31, 2020. Sick and family leave credits. The Families First Coronavirus Response Act (FFCRA) requires…
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Spotlight: Deferral of employment tax deposits and payments through December 31, 2020

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The Coronavirus, Aid, Relief and Economic Security Act (CARES Act) allows employers to defer the deposit and payment of the employer's share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes. Section…
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Spotlight: Employee Retention Credit under the CARES Act

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The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, is designed to encourage Eligible Employers to keep employees on their payroll, despite experiencing economic hardship related to COVID-19, with an…

What’s Best for You - Traditional or Roth IRA?

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The tax code offers two types of IRAs; one is referred to as the traditional individual retirement account (IRA), so named because it was the first type of IRA available, having been created by Congress back in the 1970s. The second type is…
Paycheck Protection Program and Health Care Enhancement Act: What’s In It?

Paycheck Protection Program and Health Care Enhancement Act: What’s In It?

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PPP & The CARES Act Following the passage of the $2.2 trillion CARES Act stimulus package at the end of March, one of the most talked about provisions was the Paycheck Protection Program (PPP). The CARES Act had earmarked $349 billion…
Creating an Emergency Fund to Help You Weather a Storm Like COVID-19

Creating an Emergency Fund to Help You Weather a Storm Like COVID-19

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For years, experts have been saying that everyone - including average citizens - needs to have some type of emergency fund in place to help them get through any "rainy days" that may lie ahead. The advice usually varies depending on the source,…

Congress Makes Charitable Giving Easier During the COVID-19 Crisis

To encourage charitable contributions to deserving qualified charities during these trying times, Congress has relaxed some of its restrictions related to how much a taxpayer can deduct as a charitable contribution in any given year. Under…
Businesses Score Big Tax Benefits with the CARES Act

Businesses Score Big Tax Benefits with the CARES Act

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As part of the stimulus package to help offset the financial damage inflicted on businesses as a result of the COVID-19 crisis, Congress restored the ability of businesses that suffer a loss to carry those losses back and recover taxes paid…