Grimes and Associates, LLC

01/15/2022

Keep these letters and bring them with your tax documents.

01/11/2022

2021 4th Quarter payments are due January 18th.

You may need to pay estimated taxes to avoid a tax bill and possibly a penalty. The final payment for 2021 is due Tuesday, January 18. https://go.usa.gov/xtCHV

01/08/2022

Save your letters!

sending letters to recipients of advance payments and third . Using the information in these letters when preparing your tax return can reduce errors, avoid refund delays. https://go.usa.gov/xt3mm

04/27/2021

Have you heard crickets when it comes to your 2019 federal tax return? Did you paper file? Or maybe your return was pulled for additional review?

Have you had trouble reaching the IRS for a status update? Did you file your 2020 return prior the the American Rescue Plan possibly missing out on credits and additional tax savings?

The IRS has 29 million returns still in the queue to be processed and that does not count all of 2020.

This is going to take some time to clean up. You should not be charged penalties or interest due to the IRS delay.

Over the years, the IRS has gotten quite good at processing tax returns and issuing refunds quickly and efficiently. The IRS website says that normal processing time for an electronically filed return is 21 days, but in reality, millions of taxpayers receive their refunds even quicker — sometimes ...

03/25/2021

Register NOW for the 1st part of this Lunch and Learn series with Ignite Your Extraordinary: CEO Coaching RITA ERNST TODAY at 12pm! All and welcome!

Join ONLINE via ZOOM or Socially-Distanced In-Person at www.willowtreeimaging.com/reboundfromtheshutdown

03/24/2021

JOIN ME on Thursday 3/25 at 12pm for a Lunch & Learn focused on supporting and . All sizes, shapes and industries welcome!
This 6 Part Series is the perfect pick-me-up for businesses looking for a new strategy to REBOUND FROM THE SHUTDOWN in 2021. Meet 6 industry experts with a heart for small business communities and Indulge the POWERFUL tips that will immediately flip your mindset, customer engagement and bottom line! Join ONLINE via ZOOM or Socially-Distanced In-Person.
Part 1 is with Business Coach and Mindset Expert, Rita Ernst!
Sign up today at www.willowtreeimaging.com/reboundfromtheshutdown

03/20/2021

REBOUND FROM THE SHUTDOWN
So your business has survived the shut down this far...
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BUT WHAT NEXT?
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What if you could do more than just survive in 2021?...
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What if you could thrive in all NEW ways...
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Maybe even have your best year yet?
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We can promise you one thing, if you keep plugging away at the new economy with the same old methods, it won’t work.
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YOU NEED A NEW APPROACH FOR A NEW ECONOMY.
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Reserve your spot here for the first round with Rita Ernst, owner of Ignite Your Extraordinary: CEO Coaching: https://www.willowtreeimaging.com/reboundfromtheshutdown

03/18/2021

For those still waiting on their 3rd stimulus, check out the "Get My Payment" tool on irs.gov

You can now access the Get My Payment tool to address key FAQs about the third Economic Impact Payment. Get started at www.irs.gov/getmypayment

02/19/2021

IRS is still backlogged and many people are receiving erroneous letters. In this particular case, if you received a CP59 Notice (look in the upper right hand corner to determine the Notice ID) and have already filed your 2019 tax return, please disregard this notice. No action is needed on your part.

February 18, 2021 — IRS Statement about CP59 notices.

02/12/2021

Did you know you can create an online account at IRS.gov?

✔️ Make a payment online
✔️View digital copies of notices
✔️View payment history and any scheduled payments
✔️Review the amounts of Economic Impact Payment received
✔️Access historical tax records via "Get Transcript"

Click the link to get started and create your account today!

https://www.irs.gov/newsroom/get-ready-for-tax-season-using-irs-online-account

Get My Economic Impact Payment Get Coronavirus Tax Relief Get Your Refund Status File Your Taxes for Free Get Your Tax Record View Your Account Make a Payment Apply for an Employer ID Number (EIN) Forms and Instructions 1040 and Schedules 1-3 Individual Tax Return Other 1040 Schedules Information Ab...

02/02/2021

BEWARE: If you receive a 1099-G when you did not claim unemployment benefits in 2020, you need to contact your local unemployment office to get a corrected 1099-G reflecting you did not receive benefits.

Per the article, “The IRS told taxpayers who are unable to obtain a timely, corrected form that they should still file an accurate income tax return, reporting only the income they received.”

The IRS warned taxpayers that identity thieves are fraudulently claiming state unemployment benefits using stolen taxpayer identities. Here is what taxpayers should do if they receive a Form 1099-G reporting state unemployment benefits they did not receive.