New England Tax Specialists
Mid-Year Tax Planning Letter
To Our Clients and Friends: Another challenging year has just passed. While the COVID-19 crisis has lessened, international events have led to supply chain issues and inflationary prices. Since income may not rise at the same rate as expenses, saving on income taxes...
IRS Warns of Service Delays When 2021 Tax-Filing Season Opens on Jan. 24
“In many areas, we are unable to deliver the amount of service and enforcement that our taxpayers and tax system deserves and needs. This is frustrating for taxpayers, for IRS employees and for me,” IRS Commissioner Charles Rettig said in a statement. “IRS employees...
IRS issues letters to Advance Child Tax Credit recipients and recipients of the third round of Economic Impact Payments
Taxpayers should keep these letters to help with their 2021 tax returns The IRS will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the third round of the Economic Impact Payments at the end of January. Those...
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