What Account On Us is all about.
Apr29

What Account On Us is all about.

Our business bookkeeping service staff members have more than 80 years combined experience in the preparation of federal and state tax returns. In addition to federal taxes, we can file taxes in all 50 states and U.S. held territories, as well as nonresident returns. If you have a tax issue we have the education, expertise and IRS designation to act on your behalf with your consent, easing the frustration of representing yourself. We...

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You need to get a tax plan.
Apr29

You need to get a tax plan.

You’re in your golden years, you’ve worked hard and you’re close to retirement or have already retired. Planning and taking some simple steps now will help to reduce your tax liability so you can enjoy your retirement and pay Uncle Sam as little as possible. Create a retirement budget plan factoring your income sources such as Social Security, pensions, property rentals, taxable brokerage accounts, tax-free Roth accounts, saving...

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National Hurricane Preparedness Week runs from May 3-9.
Apr27

National Hurricane Preparedness Week runs from May 3-9.

The IRS reminds taxpayers who may be impacted by hurricanes and other natural disasters that now is a good time to begin preparing for one. National Hurricane Preparedness Week runs from May 3-9. The IRS also wants taxpayers to know that the agency is here to help, including offering a special toll-free hotline for those in federally-declared disaster areas, staffed with IRS specialists trained to handle disaster-related issues. Don’t...

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IRS unveil online application to help with Economic Impact Payments; Get My Payment allows people to provide direct deposit information and gives payment date.
Apr19

IRS unveil online application to help with Economic Impact Payments; Get My Payment allows people to provide direct deposit information and gives payment date.

Working with the Treasury Department, the Internal Revenue Service today unveiled the new Get My Payment with features to let taxpayers check on their Economic Impact Payment date and update direct deposit information. With an initial round of more than 80 million Economic Impact Payments starting to hit bank accounts over the weekend and throughout this week, this new tool will help address key common questions. Get My Payment will...

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IRS provides guidance under the CARES Act to taxpayers with net operating losses.
Apr19

IRS provides guidance under the CARES Act to taxpayers with net operating losses.

The Internal Revenue Service today issued guidance providing tax relief under the CARES Act for taxpayers with net operating losses. Recently the IRS issued tax relief for partnerships filing amended returns. COVID Relief for taxpayers claiming NOLs Revenue Procedure 2020-24 (PDF) provides guidance to taxpayers with net operating losses that are carried back under the CARES Act by providing procedures for: waiving the carryback period...

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