Sweet & Associates PC

07/11/2022

Don’t let filing your taxes distract you from your summer plans. If you requested an extension, you have until Oct. 17 of this year to file your tax return. However, if you have all the necessary information to file an accurate return, filing now would definitely be a good idea. To get started, click here: http://ow.ly/TLqS50Jon5M

07/11/2022

An Offer in Compromise or offer is an agreement between you the taxpayer and the IRS that settles a tax debt for less than the full amount owed.

10/25/2021

Business owners may choose to close their doors for many reasons. When this happens, there are many things that must be done.

For more info about what steps to take when closing a business from a tax standpoint, click here for a helpful tax tip:
https://go.usa.gov/xMFjn.

10/11/2021

If you’re a farmer or rancher who was forced to sell livestock due to drought, you may get extra time to replace the livestock and defer tax on any gains from the forced sales.

Check out this tax tip for some facts about this to understand how the deferral works and if you’re eligible. https://go.usa.gov/xMyZQ

10/07/2021

Friday, Oct. 15 is almost here. If you filed an extension, remember to file your 2020 tax return by the deadline.

Free File is available through Oct. 15.

For more info, click here:
https://go.usa.gov/xMTrM

10/06/2021

If you aren’t eligible for the Child Tax Credit, check out the Credit for Other Dependents. It’s a tax credit available to taxpayers for each of their qualifying dependents who can't be claimed for the Child Tax Credit. The maximum credit amount is $500 for each qualifying dependent.

For more details, click here:
https://go.usa.gov/xME8r

04/13/2021

We are monitoring the develops regarding 2021 estimated tax payments. If the requirements change, we shall post an update here. Best regards - Sweet & Associates, PC

While the deadlines to file and pay certain taxes have been extended to May 17, the first quarter estimated tax payments for individuals are still due on April 15. Get details here: https://go.usa.gov/xHr4H

03/26/2021

IRS continues to send the 3rd round of Economic Impact Payments. Check the Get My Payment tool to see if the your payment has been scheduled. www.irs.gov/getmypayment

02/17/2021

Be sure to avoid the dangers of “ghost” tax return preparers. These phantom preparers who won't put their name on the tax return are a warning sign for taxpayers of a potential scam.
Click here to find out more: https://go.usa.gov/xs3yJ

02/08/2021

Check out these IRS resources you need to recognize and avoid phishing scams all year long. www.irs.gov/phishing

02/03/2021

An IRS reminder: Employment tax Form 944 and Form 941 are not interchangeable. A Small Business files one or the other. Learn more at: http://go.usa.gov/x8y9H

01/21/2021

Find out how identity thieves are using email to impersonate your company’s executives to steal your workers’ W-2 forms. For more information, go to https:/...