by MTS Tax Preparation, Planning, and Financial Literacy | Dec 7, 2021 | Tax Tips and News
New guidance is available for employers on the retroactive termination of the Employee Retention Credit. The new information is contained in Notice 2021-65. The reversal comes after passage of the Infrastructure Investment and Jobs Act on Nov. 15 of this year. The new...
by MTS Tax Preparation, Planning, and Financial Literacy | Dec 4, 2021 | Tax Tips and News
We’re not trying to be alarming, but if you’ve got a small business, there’s someone looking over your shoulder—and we’re not talking about the government. They are, however, scammers and identity thieves, looking to use the business’ confidential information to file...
by MTS Tax Preparation, Planning, and Financial Literacy | Dec 2, 2021 | Tax Tips and News
With the passage of Thanksgiving, Americans are shifting into gifting mode. For many, that means giving a holiday monetary gift to a well-deserving charity of one sort or another. Unfortunately, scammers can use this noble intention to enrich themselves through fake...
by MTS Tax Preparation, Planning, and Financial Literacy | Dec 2, 2021 | Tax Tips and News
Six little numbers. They could be all the difference between a happy taxpayer and someone who’s fallen victim to identity thieves. The six numbers make up an Identity Protection Personal Identification Number, also known as an IP PIN, and they can help to keep...
by MTS Tax Preparation, Planning, and Financial Literacy | Dec 2, 2021 | Tax Tips and News
Aside from being required by the FTC to have a written data security plan, criminals have increasingly been targeting tax professionals with phishing emails and social media messages. The pandemic—it turns out—has simply given them even more opportunities to create...
by MTS Tax Preparation, Planning, and Financial Literacy | Nov 29, 2021 | Tax Tips and News
Now that the IRS is putting the wraps on the last installment of the Advance Child Tax Credit payments for 2021, some taxpayers who didn’t apply for other credits might get a reminder to do a little extra checking. For some taxpayers, these notices may be the gateway...
