Here’s How to Opt-Out of the Child Tax Credit Payments

Here’s How to Opt-Out of the Child Tax Credit Payments

As part of the recently signed American Rescue Plan, major changes were made to the Child Tax Credit (CTC). For the 2021 tax year, families will have the option to receive advance payments of up to $300 per child, per month, starting in July.  These payments could...
Here’s How to Opt-Out of the Child Tax Credit Payments

How to File a Tax Extension for a Nonprofit: What You Need to Know

Nonprofits play an essential role in our society, offering services, support, and resources to communities in need. As a nonprofit organization, you are bound to meet a series of deadlines, including submitting tax returns each year.  However, there may be times when...
Here’s How to Opt-Out of the Child Tax Credit Payments

How to Get an Extension From the IRS, NY: All You Need To Know!

We all know that filing taxes can be a stressful ordeal. With the hustle and bustle of everyday life, it’s not uncommon to fall behind on your paperwork. Whether it’s due to a change in your financial situation, a health issue, or simply an oversight,...
Here’s How to Opt-Out of the Child Tax Credit Payments

What Is My EFIN Number and Application Summary?

As a tax professional, it’s important to clearly understand your Electronic Filing Identification Number (EFIN) and application summary. Your EFIN is a unique number that identifies your business as an authorized e-file provider with the IRS. It’s...
Here’s How to Opt-Out of the Child Tax Credit Payments

Becoming a Tax Preparer in California: Requirements and Steps

As the tax season approaches, the importance of knowledgeable and skilled tax preparers cannot be overstated. The state of California, which boasts the fifth-largest economy in the world, has a unique tax code that can be intimidating for even the most experienced tax...
Here’s How to Opt-Out of the Child Tax Credit Payments

Verifying Identity with the IRS: How to Do It Without a Credit Card

Identity verification is a crucial step that every taxpayer must go through to comply with the Internal Revenue Service (IRS) regulations. The IRS requires individuals to verify their identity before they can access certain tax services, such as filing taxes...
Here’s How to Opt-Out of the Child Tax Credit Payments

Contacting the IRS: How to Reach a Person for Assistance

Dealing with taxes can be a hassle, and trying to navigate the Internal Revenue Service (IRS) system is often confusing. Whether you have questions about your tax return or need help resolving an issue with the IRS, contacting a person for assistance can make all the...