Grandparents, foster parents or people caring for siblings or other relatives should check their eligibility to see if they qualify to receive the 2021 child tax credits. Click here to find out more.
... Read More Thu Nov 03 2022For more details about the ARP, such as changes in expanding EITC for 2021 and beyond, and expanded child tax credit for 2021only click here.
... Read More Thu Jun 10 2021After each of the three Economic Impact Payments is issued, the IRS mails a letter – called a notice − to each recipient's last known address. This notice provides information about the amount of the payment, how the payment was made and how to report any payment that wasn't received.
Wed Jun 09 2021Are wondering how the ARP will affect 2021 Taxes and who this plan affects?
For 2021, eligible taxpayers can claim qualifying employment-related expenses up to:
$8,000 for one qualifying individual, up from $3,000 in prior years, orRead More
Wed Jun 09 2021Here are some common reasons the IRS corrected the credit:
IRS's recalculation of taxes on unemployment benefits; refunds to begin in May
– To help taxpayers, the IRS announced that it will take steps to automatically refund money this spring and summer to people who reported unemployment compensation on there tax return before the recent changes made by the American R... Read More
Fri Apr 02 2021The California Employment Development Department (EDD) has released new information and resources to help guide individuals who received a Form 1099G for unemployment compensation, since these payments must be reported on the individual’s state and federal tax returns. Note: Unemployment Insurance benefits are not tax... Read More
Thu Mar 11 2021The IRS is beginning to distribute a second round of Economic Impact Payments to millions of Americans. There is no need for taxpayers to take any action or call the agency. See https:... Read More
Tue Dec 29 2020Dear Client,
Another Stimulus Rebate Payment Is Coming
Good news. The President signed the COVID-related Tax Relief Act of 2020 on December 27, 2020. The new law includes, in its almost 600 pages, the second round of recovery rebate payments.
Individuals and children (under age 17) are entitled ... Read More
Mon Dec 28 2020Many college students mar still qualify for an Economic Impact Payment. Review the guidelines in this link and apply by November 21st.
... Read More Mon Nov 16 2020Federal beneficiaries who got their Economic Impact Payment but didn’t register to receive a $500 supplemental payment per qualifying child can still register for this additional payment. Click this Read More
Mon Nov 09 2020The Internal Revenue Service announced today the tax year 2021 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Click this link for more details.
... Read More Tue Oct 27 2020Dear Client:
When you are self-employed with no employees, the payroll protection program (PPP) program is a COVID-19 gift designed to help you get through this pandemic.
If you now have your PPP funds, we identified nine insights for you.
1. Do I Have to Spend the Paycheck Protection Program (PPP) Loan Proce... Read More
Tue Jun 02 2020The Treasury Department and the Internal Revenue Service is offering help to those affected by coronavirus (COVID-19) with the Economic Impact Payment – commonly referred to as “stimulus checks”. Eligible individuals include all U.S. residents with adjusted gross income (AGI) up to $75,000 ($112,500 for Head of Household, $150,000 Married Filing... Read More
Fri Apr 24 2020Associated Income Tax Services (AITS) of Visalia, Inc. is still open for business and ready to help prepare your tax return. We are aware of the Coronavirus (COVID-19) and are taking extra precautions to slow the spread. To ensure maximum safety for our clients and staffs, we are:
The Tax Preparation Season for 2019 Income Tax Returns will begin on or about January 20, 2020. You can call now to schedule your appointments. Please make your appointment for a time you will be ready; do not wait until you have all your information. We are anxious to do your income tax returns this year.
Our preparation fee will average ... Read More
Thu Nov 28 2019If you are a new client bring in your past 3 years of returns and we will review them at no charge. If we can obtain a refund for you we will advise you as soon as possible. Valid September 20, 2019 – January 15, 2020. Show this code at the store:
"PYTAXREVIEW"
... Read More Wed Sep 04 2019