by The Becerra Group | May 6, 2021 | irs audit red flags
Have you ever wondered how the IRS decides which tax returns to audit? The IRS uses a combination of computerized processes and staff processes to decide which tax returns it will audit. Each tax return is assessed against numerical standards. Returns showing...
by The Becerra Group | Apr 29, 2021 | When To Take The Standard Deduction
When the standard deduction was increased a few years ago, it was a game-changer for income tax filers. It simplified filing taxes for most people and eliminated the need to itemize deductions when filing income taxes each year. For the 2020 tax filing season, the...
by The Becerra Group | Apr 29, 2021 | file your taxes with Form 4852 Substitute for Form W-2, Wage and Tax Statement, Form 4852 Substitute for Form W-2, Wage and Tax Statement
Taxpayers, take notice! The filing date of May 17, 2021 for your 2020 tax return is approaching fast. Before you file your 2020 tax return, make certain you have all the required documents for the return, particularly the 2020 Form W-2 from your employer(s). Each...
by The Becerra Group | Apr 22, 2021 | 2021 tax filing date, income tax filing date
What date are personal tax returns due each year? The Federal tax deadline for the Form 1040 is normally on April 15th. For 2021, the IRS changed the federal tax deadline from April 15, 2021 to May 17, 2021. However, taxpayers living in Louisiana,...
by The Becerra Group | Apr 14, 2021 | Consolidated Appropriations Act, Employee Retention Tax Credit, PPP loan forgiveness
The Expanded Employee Retention Credit Equals Big Savings For Small Business Congress passed two bills, the Consolidated Appropriations Act (CAA), in the latter part of December of 2020, and the American Rescue Plan Act (ARPA), signed on March 11, 2021. Both...
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