Myers, Brettholtz & Company, PA

04/30/2024

Looking for an a/p a/r customer service clerk at my firm. DM me if you know anyone interested. It’s also on Indeed

10/31/2022

A small group this year but true to the spirit of Halloween. Have a safe Halloween and be careful driving tonight!!!

09/18/2022

An ode to Kathy Brettholtz. May she Rest In Peace. Welcome fall.

05/08/2022

S***t shooting to benefit a great organization. It was warm but we all had fun! LARC, Inc.

06/01/2021

After season ice cream truck! Delicious ice cream! Dairy quick-a-licious

04/26/2021

https://go.usa.gov/xHRtz

Tax Tip 2021-56, April 26, 2021

04/08/2021

IRS reminds taxpayers to make April 15 estimated tax payment
WASHINGTON –The Internal Revenue Service today reminded self-employed individuals, retirees, investors, businesses, corporations and others who pay their taxes quarterly that the payment for the first quarter of 2021 is due Thursday, April 15, 2021.
The extension to May 17, 2021 for individuals to file their 2020 federal income taxes does not apply to estimated tax payments. The 2021 Form 1040-ES, Estimated Tax for Individuals, can help taxpayers estimate their first quarterly tax payment.
Income taxes are pay-as-you-go. This means, by law, taxes must be paid as income is earned or received during the year. Most people pay their taxes through withholding from paychecks, pension payments, Social Security benefits or certain other government payments including unemployment compensation.
Most often, those who are self-employed or in the sharing economy need to make estimated tax payments. Similarly, investors, retirees and others often need to make these payments because a substantial portion of their income is not subject to withholding. Other income generally not subject to withholding includes interest, dividends, capital gains, alimony and rental income. Paying quarterly estimated taxes will usually lessen and may even eliminate any penalties.
Exceptions to the penalty and special rules apply to some groups of taxpayers, such as farmers, fishermen, casualty and disaster victims, those who recently became disabled, recent retirees and those who receive income unevenly during the year. See Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts, and its instructions for more information.
How to pay estimated taxes
Form 1040-ES, Estimated Tax for Individuals, includes instructions to help taxpayers figure their estimated taxes. They can also visit IRS.gov/payments to pay electronically. The fastest and easiest ways to make an estimated tax payment is by using IRS Direct Pay, the IRS2Go app or the Treasury Department’s Electronic Federal Tax Payment System (EFTPS). For information on other payment options, visit IRS.gov/payments. If paying by check, taxpayers should be sure to make the check payable to the “United States Treasury.”

Publication 505, Tax Withholding and Estimated Tax, has additional details, including worksheets and examples, that can be especially helpful to those who have dividend or capital gain income, owe alternative minimum tax or self-employment tax, or have other special situations.
IRS.gov assistance 24/7
Tax help is available 24/7 on IRS.gov. The IRS website offers a variety of online tools to help taxpayers answer common tax questions. For example, taxpayers can search the Interactive Tax Assistant, Tax Topics, Frequently Asked Questions, and Tax Trails to get answers to common questions.
The IRS is continuing to expand ways to communicate to taxpayers who prefer to get information in other languages. The IRS has posted translated tax resources in 20 other languages on IRS.gov. For more information, see “We Speak Your Language.”

Pay your taxes, view your account or apply for a payment plan with the IRS.

04/06/2021

: Here’s how the third Economic Impact Payment is different from earlier payments.

COVID Tax Tip 2021-44, April 6, 2021

11/26/2020

06/08/2020

If your business took a loan under the Paycheck Protection Program, keep an eye on this legislation affecting repayment terms.

The Senate passed a House bill that gives small businesses and other entities that received loans from the Paycheck Protection Program 16 additional weeks to spend the funds and qualify for full forgiveness of the loans.

06/01/2020

If you are a nonprofit, now is a great time to contemplate partnering with a business in your community. Businesses large and small are seeking new ways to help in their communities. Read more at:

Now more than ever, there are opportunities for nonprofit organizations to form partnerships with companies. Understand corporate partnerships and how to approach a prospective partner

05/29/2020

The change will affect about 3 million taxpayers.

IR-2020-107, May 28, 2020 — The Internal Revenue Service announced today that later this summer taxpayers will for the first time be able to file their Form 1040-X, Amended U.S Individual Income Tax Return, electronically using available tax software products.