The IRS has a variety of resources to help members of the military, veterans and their families navigate the unique and sometimes complex circumstances that come with filing taxes while in the military.
All taxpayers are now eligible for identity protection PINs
The IRS has expanded the Identity Protection PIN Opt-In Program to all taxpayers who can verify their identity.
The Identity Protection PIN is a six-digit code known only to the taxpayer and to the IRS. It helps prevent identity thieves from filing fraudulent tax returns using a taxpayers’ personally identifiable information.
2021 Tax Filing Season Begins Feb. 12th
To speed refunds and help with their tax filing, the IRS urges people to follow these simple steps:
File electronically and use direct deposit for the quickest refunds.
Check IRS.gov for the latest tax information, including the latest on Economic Impact Payments. There is no need to call.
For those who may be eligible for stimulus payments, they should carefully review the guidelines for the Recovery Rebate Credit. Most people received Economic Impact Payments automatically, and anyone who received the maximum amount does not need to include any information about their payments when they file. However, those who didn’t receive a payment or only received a partial payment may be eligible to claim the Recovery Rebate Credit when they file their 2020 tax return. Tax preparation software, including IRS Free File, will help taxpayers figure the amount.
Remember, advance stimulus payments received separately are not taxable, and they do not reduce the taxpayer’s refund when they file in 2021.
Dates to Remember:
February 12, 2021 …………. First day for Electronic Filing
February 14, 2021 ………… Final Day for AABS Inc. Early Bird $15 Discount
March 15, 2021 …………….. Corporate & LLC Returns Due
April 15, 2021 ……………….. Final Day for 2020 Tax Return Filing
If you have any questions about the new tax forms or
need assistance preparing and filing your tax return, help is just a phone call away.
Contact Us today and we will help guide you through this stressful time of year.