Smoker & Associates PC, formerly Angela Smoker CPA PC

01/19/2022

Keep these letters and make sure to bring in with your tax documents!

is mailing letters about the advance payments and the 3rd . People can use this information to help file an ...

06/28/2021

ADVANCE PAYMENTS OF THE NEW CHILD TAX CREDIT
Starting July 15, 2021, the IRS will begin issuing advance monthly payments of the increased 2021 Child Tax Credit to eligible taxpayers. Taxpayers with child dependent(s) under 6 could be eligible for up to $300 monthly per child and taxpayers with child dependent(s) between the ages of 6 and 17 could be eligibility for up to $250 monthly per child.
IMPORTANT NOTE: If you receive the advance payments of the child tax credit, this will lower the amount of credit you are able to claim on your 2021 tax return. Accordingly, it may be beneficial for some families to opt out of the advance monthly payments to avoid creating increased or unexpected tax liability with their 2021 tax filing. The IRS has created an online tool to enable you to opt out of the monthly distributions. If you choose to do so and would like that to be effective for the first (July 15th) advance payment, you must opt out by Monday, June 28. If you do so after June 28, it will be effective for a later month.
To opt out of the advance monthly payments, review your eligibility, or for answers to other questions on this topic, the IRS has created an online tool, the Child Tax Credit Update Portal.
https://www.irs.gov/.../advance-child-tax-credit-payments...
Angela F Smoker CPA PC is here to assist you with your tax filing and planning needs. Please contact us if you have questions or would like to schedule a consultation to review your tax situation for 2021.

11/11/2020

03/26/2020

Great article for business owners!

https://whatsnewlaporte.com/2020/03/26/what-every-business-person-should-know-and-practice-well/

03/23/2020

Thank you for visiting the Indiana SBDC COVID-19 resource page. We know that these are uncertain times, but please know that we are here to support you in anyway you need. If you have any questions about the information below, or would like to speak to an Indiana SBDC business advisor, please visit....

03/23/2020

COVID-19 Update for Small Businesses. Please see this webpage for details on current programs in place to assist small business owners during this difficult time. If assistance is needed navigating these decisions please call us at 219-324-0304.

Thank you for visiting the Indiana SBDC COVID-19 resource page. We know that these are uncertain times, but please know that we are here to support you in anyway you need. If you have any questions about the information below, or would like to speak to an Indiana SBDC business advisor, please visit....

03/21/2020

https://www.irs.gov/newsroom/tax-day-now-july-15-treasury-irs-extend-filing-deadline-and-federal-tax-payments-regardless-of-amount-owed

IR-2020-58, March 21, 2020 — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

03/18/2020

To keep all of our clients, employees and friends safe and to reduce the risk of COVID-19 exposure, we have decided to take the following precautions until March 31st, at which time we will re-evaluate:

1. For drop off of information, please use our secure lock-box. We will be checking it regularly.

2. For completed return delivery we are planning to either utilize secure e-signature or mailing returns via USPS mail delivery.

3. No in person appointments will be utilized and our office doors will be locked during our normal business hours. We are available for phone calls to discuss any tax situations or questions.

Please rest assured that we have not stopped working on returns.
Everything can still be completed timely, and we encourage our clients to contact our office to determine the best way we can serve you. If you have not brought in tax return information we encourage you to do so as soon as possible.

We understand that this could be an inconvenience and we appreciate your understanding. The health and safety of our clients, and community is of our utmost concern.

Also, we are still accepting new clients, and services can be completed remotely. Please contact us with any questions!

Phone: 219-324-0304
Cell: 219-508-4326
Email: [email protected]

02/25/2020

https://smallbiztrends.com/2020/02/estimated-tax-payments.html?ezoic_amp=1 =https://t.co/iwJJr33n23

Estimated income tax payments are a fact of life for most of us who run our own businesses. Here's what owners and self-employed folks need to know.