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IRS Wants Taxpayers to Save ACTC and EIP Letters

IRS Wants Taxpayers to Save ACTC and EIP Letters

by Edmonds Income Tax Service Inc | Dec 31, 2021 | Tax Tips and News

If taxpayers get a letter from the Internal Revenue Service relating to either the Advance Child Tax Credit or Economic Impact Payments, they need to file the letters for safekeeping. Those taxpayers will need the letters when they file their 2021 income taxes next...
Deferred Social Security Payments Due in 2022

Deferred Social Security Payments Due in 2022

by Edmonds Income Tax Service Inc | Dec 31, 2021 | Tax Tips and News

Taxpayers who took advantage of some tax-relief measures during the dark days of the COVID-19 pandemic are being reminded that’s it’s now time to pay up. For some taxpayers, the part of their 2020 Social Security tax bill they were able to delay to 2022 will be due...
Why Host Drake Software with Right Networks?

Why Host Drake Software with Right Networks?

by Edmonds Income Tax Service Inc | Dec 29, 2021 | Tax Tips and News

In November 2021, Drake Software and Right Networks collaborated on a three-part series highlighting different software solutions available to tax professionals. In part one, we learned about the different ways tax practices run software. Part two covered how cloud...
IRS Relief Now Covers Kentucky, Parts of Illinois and Tennessee

IRS Relief Now Covers Kentucky, Parts of Illinois and Tennessee

by Edmonds Income Tax Service Inc | Dec 28, 2021 | Tax Tips and News

As recovery efforts spread across parts of the south in the wake of the December 10 tornadoes, the Internal Revenue Service is expanding its effort to give affected taxpayers in the region a helping hand. The IRS has expanded its previously issued relief package to...
IRS Says December ACTC Payments Coming

IRS Says December ACTC Payments Coming

by Edmonds Income Tax Service Inc | Dec 21, 2021 | Tax Tips and News

As the phrase goes, all good things come to an end, and the Internal Revenue Service is saying just that about the advance payments of the Child Tax Credit, or CTC. In December, families who have qualified for the advance payments of the credit will get their final...
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