personal taxes

There were many changes in 2020.  Let a tax professional prepare your return, and have confidence it was done accurately, so you didn't miss out on any credits or deductions.

Personal tax returns or extensions must be filed by April 15, 2021.  

Taxes must be paid by April 15, 2021 even if you have an extension.  The extension only affects the due date for the return filing.  The IRS will penalize you if taxes are paid late, regardless of having an extension.  If you are not ready to file and need an extension, let us calculate an estimated tax payment that could save you hundreds in penalties and interest.

• W-2 from employers
• 1099 for dividend / interest / retirement income
• 1095-A required if you had Marketplace Insurance at any time through 2020
• Letter 6475 regarding the Economic Impact Payment (3rd Stimulus) March 2021
• Letter 6419, mailed in January 2022 from IRS, Total Advance Child Tax Credit Payments, (received in 2021)
• 1099-G Unemployment Income

• 1098 Mortgage Interest Statement
• 1098-T Tuition Statement
• IRA/HSA Contributions
• Residential/Vehicular Energy Credits

Income from "gig economy" positions, virtual currency, refund interest and unemployment income are all included in taxable income. (However, the "American Rescue Plan Act" signed 3/11/21 excludes the first $10,200 of unemployment from taxable income for tax year 2020).  Also, they are usually already reported to the IRS by third-parties.  Don't forget to include these on your return.