News : The Tax Consultants, Inc.

Latest News from The Tax Consultants, Inc.

photo of mount rushmore national memorial

Administration,Announcement

Happy Presidents' Day

Our office will be closed today in observance of Presidents' Day. We will be back in the office tomorrow for normal business hours.

Announcement,General,New

Updated Hours

It's that time of the year again, just a quick update: our new office hours will be from Monday through Friday from 8:30 - 7:00 and Saturday 8:30 - 5:00. We will maintain these hours until April 19th.

brown wooden house covered with snow near pine trees

Announcement,General

Weather Closing - January 29th

With the predicted snow and winds, we will be closed on Saturday the 29th. If you have an appointment scheduled we will be reaching out to you to reschedule. Stay safe, stay warm and enjoy your weekend!

Announcement,Uncategorized

40th Anniversary!

A lot has changed since 1982, but one thing that has remained the same; The Tax Consultants are here working with our clients in an effort minimize taxes paid and maximize their own income. We'd like to take this

man near carton boxes with many different words about stress

Tax,Tax Tip

Planning Ahead

It's never too early to get ready for the tax-filing season, you can start adding tax documents to our secure portal as you receive them! For more tips and resources, follow us on Twitter, Facebook and our Website.

Administration,Announcement

Closed due to weather

We will be closed today, January 7th due to the snow.

selective focus photography of a mailbox

Income,Tax

IRS to send Letter 6419 to Taxpayers Who Received Advance Child Tax Credit (ACTC) Payments

The IRS has begun issuing informational letters to recipients of Advance Child Tax Credit Payments. Taxpayers should be receiving Letter 6419 - 2021 advance CTC shortly. These letters will include the total amount of child tax credit payments

Announcement

Happy New Year!

We would like to take this opportunity to sincerely thank you, our loyal clients. We appreciate you supporting us and we look forward to continuing our partnership with you! Happy New Year! Welcome 2022!

Announcement,Uncategorized

Merry Christmas

We would like to take this opportunity to wish all of our clients, friends and family a very happy Christmas and holiday season. We know that this past year has been very difficult for everyone, and we pray that the

Uncategorized

Merry Christmas and Happy Holidays

We are wishing you all a safe and happy holiday season. In observance of Christmas we will be closing Early on December 23rd for an office Christmas party. and will also be closed Friday December 24th. We

Income,Tax,Tax Tip

Year End Tax Tips

As 2021 draws to and end, you may want to take this opportunity to take a look at your tax planning strategy. If you have any questions, please feel free to contact us for guidance. Here are four

General

Happy Thanksgiving!

This Thanksgiving, we want to share our genuine appreciation with you. Without you, we would not be where we are today, and we’re so thankful for all of your support throughout the year. We hope you have a joyous holiday

Cryptocurrency,New

Cryptocurrency Update

The Infrastructure Investment and Jobs Act of 2021 (IIJA) was signed into law on Nov. 15, 2021. The IIJA includes IRS information reporting requirements that will require cryptocurrency exchanges to perform intermediary Form 1099 reporting for cryptocurrency transactions. Generally, these

Announcement,New

SSA Announces 5.9% Benefits Increase for 2022

On October 13, 2021, the Social Security Administration (SSA) announced that in 2022 benefits will increase by 5.9%. In addition, the Social Security wage base will increase from $142,800 to $147,000. The cost-of-living adjustment (COLA) for Social Security benefits is calculated

We will be closed on Columbus day card or background. vector illustration.

Administration

Happy Columbus Day

We will be closed on Monday the 11th in observance of Columbus Day. Have a great holiday weekend!

glowing signboard with inscription placed on city road in evening time

Announcement,Tax

Update from the National Taxpayer Advocate

The IRS is inundated with volume and while there are many factors contributing to this, it is overwhelming to the Service. While they are working hard to remedy this in multiple ways, the level of service is at its lowest

Administration,General

Happy Labor Day

In observance of Labor day, our offices will be closed today, September 6th 2021. We will be back tomorrow for our normally scheduled hours!

Awards

2021 Best of the Best Award

The Herald News, Standard-Times and Southcoast Media Group recognized the winners of the 2021 Best of the Best honoring the best local businesses as voted on by YOU! We are humbled to announce that you have named the Tax Consultants the

white dump truck near pine tress during daytime

Tax

IRS Reminds Heavy Vehicle Owners of Aug. 31 Highway Use Tax Return Deadline

The Internal Revenue Service reminds those who have registered, or are required to register, large trucks and buses that it’s time to file Tax Year 2021 Form 2290 , Heavy Highway Vehicle Use Tax Return. The deadline to file and

Announcement

Happy Independence Day!

Wishing you all a happy, fun and safe 4th of July! In observance of Independence Day we will be closed tomorrow July 5th.

Income,Tax

Advance Child Tax Credit

Important changes to the Child Tax Credit will help many families get advance payments of the credit starting this summer. The IRS will pay half the total credit amount in advance monthly payments beginning July 15. You will claim the

Awards

Voting for 2021 Best of the Best has Officially started!

These awards celebrate and recognize the best our community has to offer, once again we are asking for your support in voting for the Tax Consultants, Inc as 2021s Best of the Best in Tax Preparation. We take pride

crop anonymous person showing donation box

Income,Tax,Tax Tip

Are Donations to GoFundMe Tax-Deductible?

There has been no shortage of need during the pandemic, and to help meet it, friends, neighbors and customers have set up hundreds of thousands of crowdfunding campaigns. GoFundMe estimates that an American has started a Covid related fundraiser on its

Administration

Happy Memorial Day

The national holiday was established to honor those who have died in American wars. Memorial Day was originally called Decoration Day. It originated during the American Civil War, when citizens would place flowers on the graves of those who had

Income,New,Tax

Advance Child Tax Credit Payments in 2021

There have been important changes to the Child Tax Credit that will help many families receive advance payments starting this summer. The American Rescue Plan Act (ARPA) of 2021 expands the Child Tax Credit (CTC) for tax year 2021 only. The

Income,New,Tax

IRS postpones April 15 U.S. tax deadline to May 17

The IRS and Treasury Department will postpone the April 15 tax-filing deadline to May 17, the agencies announced Wednesday. “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help

symbol of eagle with shield on dollar banknote

Announcement,New,Tax

When will I get my third stimulus check?

The third round of stimulus checks will start hitting bank accounts for eligible Americans as soon as this weekend, the IRS said late Friday. “Following approval of the American Rescue Plan Act, the first batch of payments will be sent by

image of old building on american banknote

General,Income,New,Tax

House passes $1.9 trillion Covid relief bill, sends it to Biden to sign

On Wednesday March 11th 2020, the third stimulus package has officially passed both chambers of congress. The $1.9 trillion relief bill includes unemployment extensions and a tax-free benefit for unemployment benefits of up to 10,200 paid in 2020, $1,400 direct

asphalt road with inscription stay safe stay apart

Announcement,Income,New,Tax

Covid 19 Legislation - Third Stimulus and $10,200 in Unemployment

The Senate on Saturday narrowly passed President Biden's $1.9 trillion coronavirus relief plan following a marathon overnight session in a key vote that puts new stimulus checks and expanded unemployment checks one step closer to the pockets of the American

Announcement,General,New

All First and Second Economic Impact Payments Issued

The IRS announced that, as required by law, all legally permitted first and second round of Economic Impact Payments have been issued and the IRS now turns its full attention to the 2021 filing season.Beginning in April 2020, the IRS