Susan J Tonniges, CPA

12/26/2023

Due to current weather conditions, we will be opening at 1:00pm to allow the road crews to do their jobs. I will reevaluate in the morning.

04/18/2023

Happy Tax Day!

09/13/2021

Don't panic - contact your preparer!

Find out the dos and don’ts if you get a letter or notice from the with this : https://go.usa.gov/xHZpX

07/15/2021

This is why you can’t get through to the IRS!

According to Edward S. Karl CPA, CGMA Vice President of Taxation, IRS Commissioner Charles Rettig testified at a recent Congressional hearing that, in the busiest part of this year’s filing season, IRS call assistors received 1,500 calls a second. That translates into the IRS answering only 2% of all calls. No, that is not a typo. That’s why 69% of our survey respondents indicated that they had received a “courtesy disconnect,” while another 23% of the respondents didn’t have the time to stay on hold for extended periods.

05/17/2021

Tax season must be almost over. I find this hilarious!

05/15/2021

Shout out to Susan Tonniges CPA for letting us put pinwheels up to raise awareness for child abuse and neglect!

05/14/2021

Warning! I just received news from a client that they just had an unexpected deposit from the IRS in their bank account. It appears as though they are receiving a double payment of their third round stimulus payment. If this happens to you, YOU DON"T GET TO KEEP THAT MONEY!!! Please be aware that these things are happening and you need to keep track of how much and when the IRS gives you money. You need to know if and how much needs to be returned to the IRS. Advanced child tax credit payments will begin this summer and you will be receiving more money from the IRS. These payments are not another stimulus payment and will be deducted on your tax return next year. I will step off my soapbox now. I just want you all to be aware of what is going on!

As always call me if you have questions!

04/13/2021

Excess premium tax credit forgiveness has not received much press. This is huge for some people.

The Internal Revenue Service says it will not require taxpayers who have received excess advance premium tax credits for 2020 to file Form 8962, Premium Tax Credit. The American Rescue Plan Act retroactively exempts those amounts from being taxed.

03/22/2021

If you have already filed, and you received unemployment benefits, you may automatically receive your refund. Stay tuned - the IRS is deciding how to handle it.

People who were unemployed last year and paid taxes on benefits could automatically receive refunds as part of a fix being worked on by the Internal Revenue Service. The first $10,200 of unemployment income was made tax-free for most people under recent legislation, but it was passed after tax seaso...

03/17/2021

The U.S. House of Representatives voted 415-3 Tuesday night to extend the Paycheck Protection Program application deadline by 60 days. The PPP Extension Act of 2021 moves the PPP application deadline from March 31 to May 31 and allots an additional 30 days for processing applications received by May...

03/11/2021

Lots of changes - some of them will change returns already filed - stay tuned for more info!

The $1.9 trillion coronavirus relief bill that passed Congress contains many tax provisions, including changes to the child tax credit and many other credits, making certain unemployment benefits tax-free in 2020, and a $1,400 recovery rebate credit for many individuals.

12/23/2020

56 cents a mile in 2021

The IRS issued the 2021 standard mileage rates for use in computing the deductible costs of operating an automobile for business, charitable, medical or moving expense purposes. The rates all decreased from 2021 to 2020.