Economic Impact Payment (EIP) Stimulus
About Recovery Rebate Credit In the Economic Impact Payment (EIP, commonly known as Stimulus Check), payments began in 2020. Those who were eligible to receive benefits but were not paid, or who received benefits but did not receive the full amount. The difference will be deducted using a tax credit called Recovery Rebate Credit on your 2020 tax return. You can remove it. Deductible is 1st EIP ($1,200 per person, $500 per dependent child) and the second EIP, which started being transferred from the end of 2020 ($600 per person. Dependent children also receive the same amount. things). Those who can apply for the Recovery Rebate Credit are eligible for
Notice of Extension of Individual Tax Return Deadline
Notice of Extension of Individual Tax Return Deadline To our valued customers, Thank you for choosing us for your accounting needs. We are informing you that because of the ongoing Covid-19 situation, we would like to inform you of the following: 1) Individual tax return filing and payment deadline have been extended: The IRS has extended the due date for filing returns and making payments until July 15, 2020 The California Franchise Tax Board (FTB) has extended the due date for filing returns and making payments until July 15, 2020 2) Starting on Monday, March 23 Applied Accountancy’s office will be closed to outside visitors. Any client who would like
Private Tax Filing Checklist
Stay organized with our step-by-step guide, and let Applied Accountancy help simplify your tax filing process. The tax season can be overwhelming, but with the right preparation, you can navigate it smoothly. Whether you’re filing your taxes for the first time or looking to streamline the process, having a checklist can make a world of difference. In this Tax Filing Checklist, we’ll cover everything you need to gather and know before filing your return With deadlines approaching fast, now’s the time to get organized and avoid the stress of last-minute filing. ** Updated for Tax Season TY 2024 ** 1. Gather Your Personal InformationThe first step in your Tax Filing Checklist is to make sure
State Income Tax
States that may have filing requirements for Corporate Income Tax: California Alabama Arizona Arkansas Colorado Delaware Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina Utah Vermont Virginia West Virginia Wisconsin Wyoming Washington, D.C. States with no Corporate Income Tax Nevada Ohio South Dakota Texas Washington Wyoming Individual State Income Tax States that may have filing requirements for Personal Income tax: California Alabama Alaska Arizona Arkansas Colorado Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts