PG Wetzel & Associates, Inc.

03/01/2024

ROF=return on finished

03/11/2022

02/17/2022

There's been a small relief measure enacted early in this tax season. If your student loans are in default and typically your federal income tax refund is garnished, you will now have a grace period to file and collect your refund as long as it happens before November of 2022.

The federal government can seize certain payments to satisfy delinquent debts. The U.S. Department of Education suspended the practice until after Nov. 1.

02/14/2022

As expected, the IRS has fallen increasingly behind in the processing of returns. Tax preparation should be carefully processed because corrections and amendments will be slow to get review. As always if you need assistance please contact us

The inventory of unprocessed returns and related correspondence was provided by the IRS’s taxpayer advocate service to the tax-writing committees in Congress. The Treasury Department, the IRS’s parent agency, warned in January that it expected its response to be subpar this year.

01/25/2022

The IRS will be sending out various notices related to stimulus payments and advance tax credits taxpayers have received over the last year. You will want to keep all notices and have them available for your tax preparer to ensure your taxes are prepared accurately this filing season.

COVID Tax Tip 2022-03, January 5, 2022 — The IRS started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the Economic Impact Payments will begin receiving information letters at the end of January.

01/25/2022

As tax season kicks off for the 2021 filing season, there will be delays in processing and response time

An IRS worker shortage and 2020 backlog is going to cause taxpayers pain and delays this filing season, which starts today.

08/26/2021

MESSAGE!!!

Upcoming Deadline for Truckers

It’s time for owners of most heavy highway vehicles to file Form 2290, Heavy Highway Vehicle Use Tax Return. Returns must be filed, and tax payments made by Aug. 31 for vehicles used on the road during July.

The highway use tax applies to highway motor vehicles with a taxable gross weight of 55,000 pounds or more. This generally includes large trucks, truck tractors and buses. The tax is based on the weight of the vehicle. A variety of special rules apply, which are explained in the instructions to Form 2290.

Are you looking for assistance with this filing? Send us a pm and we can discuss.

05/08/2021

Filing a personal tax extension with give you until October 15th to submit you tax return.

Let's get you a bit more time. Email me!

03/18/2021

We have been given more time to file!