If you're getting a big tax refund this year, you might be wondering what to do with it. Here's an episode of the Dave Ramsey show where Dave advises a couple on the best way to use their refund in light of their current financial situation. He shares many helpful tips about how to approach your [...]
This article was published by the IRS. To help taxpayers, the Internal Revenue Service has announced that it will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan. The legislation, signed on March 11, allows [...]
This article was published by the IRS. There are cost‑of‑living adjustments that may affect a taxpayer's pension plan and other retirement-related savings this year. People should familiarize themselves with these adjustments, so they aren't caught off guard. Here are some highlights of the 2021 changes: The income ranges for these actions all increased for 2021: Determining [...]
This article was published by the IRS. The Internal Revenue Service recently announced a number of changes designed to help struggling taxpayers impacted by COVID-19 more easily settle their tax debts with the IRS. The IRS assessed its collection activities to see how it could apply relief for taxpayers who owe but are struggling financially because [...]
Heather appeared again in last week’s Tuesday episode (March 3, 2021) of the Town of Plymouth’s “COVID-19 Daily Update” to talk about the Massachusetts issue of PPP loan forgiveness currently differing based on business entity type. Federally, any PPP loan that is forgiven will not be viewed as income. However, Massachusetts currently has a split decision [...]
