The Tax Season 2021 won’t start until Friday, February 12, 2021, according to official declarations from the IRS. This is the starting date for filing your 2020 tax year return. New Tax Season Simplified and Re-booked Advancing the date to February 12 is a good thing. It gives the IRS a little more time to…
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Comingling Accounts has always been one of the worst bookkeeping habits “in the known universe,” as we have stated in a previous blog. With the financial upheaval of the coronavirus came a flurry of bad bookkeeping habits, as people struggled to retain their businesses. We saw a huge reoccurrence of the comingling habit in the…
Tax Alert: Unemployment checks are taxable income! Gavrilov & Co noted recently that the IRS just released a special reminder about your unemployment. And we are aware it could give some Americans a bit of a shock when tax-time comes. We are following up the IRS memo, so you and your loved ones will be…