by Andrews Tax Accounting & Bookkeeping | Jun 9, 2021 | Educational
IRS Starting Monthly Child Tax Credit Payments July 15 The IRS is sending out letters advising families of payments for the new monthly child tax credit. The payments could mean up to $3,600 a year per child for some 36 million families. The first allotments are set...
by Andrews Tax Accounting & Bookkeeping | May 26, 2021 | Educational
Washington State to Start New Tax January 1 Washington state recently enacted a new capital gains tax, set to begin January 1, 2022. The sale of stocks, bonds and other high-value assets that earns more than $250,000 will be hit with a 7 percent tax. The tax is levied...
by Andrews Tax Accounting & Bookkeeping | May 19, 2021 | Educational
Whatcom County Residents Will See an Increase Starting July 1 A Whatcom County sales tax increase means consumers will pay an additional 1 cent per $10.00 purchase starting July 1. Sales Tax Increase Affects All Whatcom County The .1 percent increase affects all of...
by Andrews Tax Accounting & Bookkeeping | Apr 28, 2021 | Educational
Tax Identity Theft Victims Can Still Find a Happy Ending Tax identity theft – someone filing a tax return using your Social Security number – is a real problem. In just one tax year – 2016 – fraudsters filed some 1.5 million false tax returns. That added up to a $1.7-...
by Andrews Tax Accounting & Bookkeeping | Apr 15, 2021 | Educational
Pandemic-Related Changes Behind Latest 2021 Tax News We’ve been dealing with an unprecedented pandemic, and Congress and the IRS are showing uncharacteristic kindness towards taxpayers in response. In case you haven’t kept up on the 2021 tax news, we are offering a...
by Andrews Tax Accounting & Bookkeeping | Apr 1, 2021 | Educational
Even If You Have No Money for Taxes, the IRS Will Work With You You filed your tax return and you owe big. What happens if you have no money for taxes? Fortunately, the IRS is usually willing to work with you to keep you from going completely broke. File on Time The...
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