Be on the lookout for two very important letters coming in January from the IRS. The Third Stimulus Payment (Letter 6475) and Advanced Child Tax Credit payments (Letter 6419). Preparation of your tax return could be delayed without these letters.…
Tax season is here which means that scammers are going to be out in full force. If you receive a call, text, or email, from the “IRS” requesting personal information like a social security number, bank information, PIN number, etc.…
An independent division within the IRS called the Taxpayer Advocate Service (TAS) recently pulled back the curtain and provided some transparency into the process your tax return goes through when it is received by the IRS. The Taxpayer Roadmap attempts…
Many educational and financial institutions prompt students and customers to receive their tax documents electronically. While electronic delivery saves on paper and mailing costs, it requires additional steps from you, the taxpayer. Below are a few pointers on how to…
This blog compiles a list of common tax documents that you should send to BakerStarrett so that we can accurately complete your 2020 tax return. Please remember that while most tax documents are mailed to you, many financial and educational…
It’s mid-January again, and it finally feels like winter has arrived in Central Iowa. Which must mean it’s time to start thinking about tax season! I outline below 4 easy ways to get organized to make this tax season a…
April 15th was a welcome relief for most tax practitioners, myself included. We are so incredibly lucky and grateful to have such fantastic clients, and a wonderful team at BakerStarrett that made the best of the worst tax season I’ve…
WOW, did 2018 fly by or what!? Our office will be sending out your tax organizers in the middle of January so please be on the lookout If you have moved or are in the process of moving, please contact…
During tax season, it is important to remember some important tips in regards to your charitable giving. The donation must be in the form of either money or property. It must be made to a qualified organization such as a…