KBK Bookkeeping Solutions LLC

04/20/2021

Tax season isn't over yet!

IR-2021-59, March 17, 2021 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.

03/01/2021

Many unemployed Americans are learning that their unemployment benefits are taxable as they file their 2020 returns.

02/10/2021

02/01/2021

MC Accounting & Tax Services is making the income tax preparation process easy. You have 3 ways to start your taxes.

1. Call or click link to make an OFFICE OR VIRTUAL APPOINTMENT http://bit.ly/MCAT_Tax_Appts

2. Click link to Upload tax documents via COMPUTER - Call office for password 516-840-0262 https://bit.ly/askMCAT

3. Click below to start your taxes on cell phone https://bit.ly/WeSlayTaxes

01/25/2021

New this tax season

There’s a new rule to help people impacted by a job loss or change in income in 2020. taxpayers can use their2019 earned income to figure your EITC, if their 2019 earned income was more than their 2020 earned income. The same is true for the additional child tax credit.

2020 Maximum credit amounts allowed

The maximum credit amounts are based on whether the taxpayer can claim a child for the credit and the number of children claimed:

Zero children: $538
One child: $3,584
Two children: $5,920
Three or more children: $6,660
2020 income limits

Those who are working and earn less than these amounts may qualify for the EITC:

Married filing jointly:

Zero children: $21,710
One child: $47,646
Two children: $53,330
Three or more children: $56,844
Head of household and single:

Zero children: $15,820
One child: $41,756
Two children: $47,440
Three or more children: $50,954
Taxpayers who are married filing separately can’t claim EITC.

01/25/2021

Be ready!

DIY Taxes with MCAT!!

$99 Tax Preparation Fee for state and federal e-filed Returns. 1040 Only, no self-employment!!

You enter your own information. Your taxes are reviewed for accuracy by a Tax Professional. For more info call us today at 516-840-0262 or create/login to the portal to send a message: https://mcatllc.taxdome.com/app/signup

01/22/2021

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01/22/2021

Be in the know!

01/12/2021

Use Get My Payment to get information about your payment status and payment type.

01/10/2021

https://tinyurl.com/y2mrd2hh

IR-2021-06, January 7, 2021 — Starting this week, the Treasury Department and the Internal Revenue Service are sending approximately 8 million second Economic Impact Payments (EIPs) by prepaid debit card.

01/06/2021

https://tinyurl.com/y5bybyx7

IR-2021-04, January 6, 2021 — The Treasury Department and the Internal Revenue Service issued guidance today allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protectio...