Posted on May 4, 2021

You no longer have to wonder where your tax refund is. Now you can track it as it processes through IRS.gov with the Where’s My Refund? online tool. It’s very accessible at IRS.gov or through the IRS2Go App – and super easy to use.
 Simply download the app and enter your Social Security number or Individual […]

Posted on April 19, 2021

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) allowed employers to defer payment of the employer’s share of Social Security tax to provide companies a needed temporary financial boost. Acting in tandem with the CARES Act, IRS Notice 2020-65 provided the means for employers to defer withholding and payment of the employee’s Social […]

Posted on April 7, 2021

Most taxpayers should have received some or all of the following income documents near the end of January or in early February: Forms W-2, Wage and Tax Statement Form 1099-MISC, Miscellaneous Income Form 1099-INT, Interest Income Form 1099-NEC, Nonemployee Compensation Form 1099-G, Certain Government Payments; like unemployment compensation or state tax refund But what do you […]

Posted on April 2, 2021

For years, the IRS has had a reputation for being resolute when it came to paying tax debts plus interest. But this year, the IRS has announced a number of changes specifically designed to help those experiencing a COVID-related financial hardship to more easily settle tax debt. According to IRS Commissioner Chuck Rettig, “Following up […]

Posted on March 23, 2021

The short answer is “no,” according to the CPAs at Teipen CPA Group. The IRS has sent more than 160 million economic impact or stimulus payments since the CARES Act was signed into law on March 27, 2020. This winter, the IRS will send out millions more checks, which will also not be taxed. According to the IRS: “The […]

Posted on March 18, 2021

The Treasury Department, IRS and the State of Indiana have announced that the 2020 federal income tax filing due date for individuals will be extended from April 15, 2021, to May 17, 2021. “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers […]

Posted on March 15, 2021

If a loved one died in 2020, “A final return must be filed with the IRS, either by the spouse or the Executor, legally noting the date of death,” says Mike Poynter, CPA with Teipen CPA Group. How to file a final IRS form: Surviving spouses can file a joint return in the year of […]

Posted on March 4, 2021

First, know that this IRS program is optional. You can chose to opt-in or not this 2020 tax preparation season. Secondly, the Identity Protection PIN is simply a six-digit code known only to the taxpayer and the IRS. The PIN exists to help prevent identity thieves from filing fraudulent tax returns in your name, using […]

Posted on February 28, 2021

When you hire a firm like Teipen CPA Group to prepare your tax return, you are hiring knowledgeable tax professionals who are up-to-date on all 2020 IRS changes, adjustments and updates from the past year (and there have been many). Filing through us reduces errors because our state-of-the-art tax software flags common errors, and prompts […]