Sep 22, 2021 | News to Note
From Thomson-Reuters and the Pinnacle CPA Advisory Group — Dear Clients, Have you received payments from the IRS recently and wondered why Uncle Sam is sending you money? In case you haven’t heard, the IRS began sending eligible taxpayers payments in mid-July....
Aug 4, 2021 | News to Note
From Thomson Reuters and the Pinnacle CPA Advisory Group — Dear Clients: If you have an outstanding tax liability that is beyond what you can afford to pay, you should consider making an Offer in Compromise (OIC). An OIC is a written agreement with the IRS that...
Jul 28, 2021 | News to Note
From IRS.gov and the Pinnacle CPA Advisory Group — Americans urged to watch out for tax scams during the pandemic WASHINGTON – The Internal Revenue Service issued a “Dirty Dozen” list for 2021 with a warning for taxpayers, tax professionals and financial institutions...
Jul 14, 2021 | News to Note
From KM&M CPAs and IRS.gov — The American Rescue Plan of 2021 increased the maximum Child Tax Credit to $3,600 for children under the age of 6, and to $3,000 per child for children between ages 6 and 17. The Rescue Plan also put a plan in place to pay half of that...
Jul 7, 2021 | News to Note
From Pinnacle Wealth Planning Services — After two years of decreases, interest rates on federal student loans are set to increase almost a full percentage point for the 2021-2022 school year. The interest rates on federal student loans are reset each year after the...
