There have been significant changes to the tax law during the pandemic. These changes include the Consolidated Appropriations Act, 2021, American Rescue Plan and other COVID-19 related legislation.
Resolution Tax is up to date with the most recent IRS and state nexus updates essential to prepare and guide tax payers through a challenging tax season. These updates include individual, business, and payroll topics.
You’ve come to the right place for a strategic plan to apply the tax law to your advantage.
First, book your free consultation with our founder and tax expert, Anthony Gunnings EA, CTRS.
To ensure that you have everything you need to file an accurate and effective tax return, use this tax organizer to reflect on the 2021 tax year.
If you are expecting a federal refund, or a refund from the IRS, visit Get your refund status
You will need the social security number of the primary tax payer, filing status, and refund amount.
If you are expecting a state refund, visit the Department of Taxation’s website in the state where you file.
The IRS currently has an expected turnaround of 21 days from the date of filing if there are not issues with your return. However, I have seen about 14 days in the early parts of tax season.
Tax season is a good way to engage with your tax professional, and to begin preparing to set yourself up for a better outcome for the current tax year. The most common areas to tackle after tax season are estimated tax payments and balance due issues. However, there could be other important dates to be aware of depending on the industry that you work in and other state or local reporting requirements. The first estimated, or quarterly tax payment (Form 1040-ES) for activity between January 1st 2022-March 31st, 2022 is due on April 18th, 2022. Here are some more important dates to look out for