Newsletter May 1,2021 > Newsletter May 1, 2021

IRS Extends Additional 2021 Filing Season Deadlines to May 17

May 1, 2021

The IRS previously moved the deadline for individuals to file 2020 federal income tax returns and pay any tax due from April 15 to May 17, 2021. Now, the same automatic extension applies to several …

Tax Waiver for 2020 Unemployment Benefits

May 1, 2021
The American Rescue Plan Act allows many Americans to exclude some or all of their 2020 unemployment insurance (UI) benefits from their taxable income. This exclusion is available to taxpayers with a modified adjusted gross …

Upcoming Tax Deadlines

May 1, 2021

May Day 10 Employees Who Work for Tips – If you received $20 or more in tips during April, you must report them to your employer (employees are required to keep a daily record of tips). All tips …