Reminder to all taxpayers: Gift cards are not used to make tax payments | Internal Revenue Service https://bit.ly/2UbLuIa
IRS provides tax inflation adjustments for tax year 2021 | Internal Revenue Service https://bit.ly/2HVREJi
HBL CPAs wears purple in support for survivors of domestic violence. Wear Purple Day! HBL CPAs shows its support for EMERGE! and their efforts in bringing awareness throughout our community to help end domestic violence.
The 2021 federal gift and estate tax exemption will be increasing by $120,000 to $11,700,000. The amount currently is $11,580,000. The Tax Cuts and Jobs Act doubled the exemption base amount from $5 million to $10 million, with the amount indexed for inflation. Be aware that although the doubled amount will continue to be adjusted annually for inflation, it expires after 2025. Without further legislation, the gift and estate tax exemption will return to an inflation-adjusted $5 million in 2026.
Keep Economic Impact Payment notice with other tax records | Internal Revenue Service https://bit.ly/2Yr8gyv
Returning an Economic Impact Payment | Internal Revenue Service https://bit.ly/30SOYnc
IRS warns against COVID-19 fraud; other financial schemes | Internal Revenue Service https://bit.ly/3h6fOht
Be wary of charity requests in wake of COVID-19 https://bit.ly/2Z5KrNo
VA and SSI recipients act now to add eligible children to Economic Impact Payment | Internal Revenue Service https://bit.ly/3aZgvVp
April 15, 2020 DUE DATE FOR AZ Tax Credits and 1st Quarter Estimates