Newsletter December 1,2020

sacpapc.com > Newsletter December 1, 2020

Unemployment Benefits Are Taxable and May Affect ACA Tax Credit

December 1, 2020

Due to the economic impacts of the COVID-19 (coronavirus) pandemic, many individuals may have had to file for Unemployment Insurance (UI) benefits for the first time. For many, these benefits included federal Pandemic Unemployment Assistance …

Tax Tip: Perform a Year-End Tax Records Check Up to Stay on Track

December 1, 2020

Consistent record keeping throughout the year is the key to a stress-free tax season. A quick checkup now, to make sure you are properly assembling and storing all the documents you need, can prevent hours …

Upcoming Tax Deadlines

December 1, 2020

December Day 10 Employees Who Work for Tips – If you received $20 or more in tips during November, report them to your employer. You can use Form 4070. 15 Corporations – Deposit the fourth installment of estimated income tax …