Window Closing on Nonfilers’ 2017 Refunds
The IRS announced that unclaimed income tax refunds worth more than $1.3 billion await an estimated 1.3 million taxpayers who did not file a 2017 Form 1040. Most of these taxpayers must file by May 17...
IRS Announces Issuance of Refunds and Recalculation of Taxes
The IRS has announced steps to automatically refund money this spring and summer to taxpayers who filed their tax returns reporting unemployment compensation before the recent changes made by the Amer...
Child Tax Credit Advance Payments to Begin in July
Speaking before the Senate Finance Committee at an April 13 hearing on the 2021 Filing Season and the 21st Century IRS, IRS Commissioner Charles “Chuck” Rettig said that the IRS fully anticipates ...
Updated Instructions on Reporting Unemployment Exclusion
The IRS has updated its instructions for reporting unemployment exclusions for 2020. If an individual taxpayer’s modified adjusted gross income (AGI) is less than $150,000, the American Rescue Plan ...
IRS Answers FAQs on RRCs
The IRS has been mailing letters to some taxpayers who claimed the 2020 recovery rebate credit (RRC) and may be getting a different amount than they expected.The IRS reminders taxpayers that the first...
MD - Maryland subjects digital products to tax
The Maryland Legislature voted to override Gov. Larry Hogan’s veto of a bill that subjects digital products to sales and use tax. The legislation was vetoed by Gov. Hogan on May 7, 2020.A digital pr...
At AWD, we are passionate about what we do. We know that by serving the financial needs of our clients, we have the ability to positively affect individuals, families, businesses, non-profits and churches within our community. Driven by this belief, the entire AWD team is committed to going the extra mile to deliver unmatched service, industry expertise, innovation and enthusiasm while working with you to reach your personal or business needs.
