About cozbycpa

This author has not yet filled in any details.
So far cozbycpa has created 358 blog entries.

Relief for Taxpayers Affected by COVID-19 Who Take Distributions or Loans from Retirement Plans

This article was published by the IRS. The Internal Revenue Service has released guidance through Notice 2020-50 to help retirement plan participants affected by the COVID-19 coronavirus take advantage of the CARES Act provisions providing enhanced access to plan distributions and plan loans. This includes expanding the categories of individuals eligible for these types of distributions [...]

6 Ways to Supersize Your Nest Egg After Age 50

If you are past the age of 50 and stressed about your retirement savings, you don't have to worry. The following tools will help you maximize your retirement even at your current age. If you are 50 or over, you are eligible to take advantage of catch-up provisions in the tax code. For example, if you [...]

Returning an Economic Impact Payment

This article was published by the IRS. Millions of eligible individuals have already received their Economic Impact Payments. Some people, including those who received a payment for a deceased individual, may be unsure whether they should return a payment. Here is additional information about returning an Economic Impact Payment. How should an individual return an Economic [...]

Your Account on IRS.gov

This video was published by the IRS. The IRS is working hard to serve you better. One way they are doing this is by offering access to some of your Federal Tax Account information online. Just visit IRS.gov/account to get started. You can access these features: Your balance and details, if you owe federal taxes. Links [...]

Taxpayers Should Be Aware of Myths about Tax Refunds

This article was published by the IRS. When it comes to federal tax refunds, there are several common myths. Getting a refund this year means there's no need to adjust withholding for 2020. To help avoid a surprise next year, taxpayers should make changes now to prepare for next year. One way to do this is [...]