Stropes Accounting

03/15/2025

This weekend (3/15-3/16) are the final two days to bring your tax documents in to have the return done by the 4/15 tax deadline. We can file an extension for you if you don’t have everything together. Filing an extension is not an extension to pay if you owe. Drop off at the front desk today, drop box outside all weekend or ask us for a link to upload to our client portal.

03/13/2024

We are closing in on our existing client deadline to have your return filed by the 4/15 tax deadline. Friday March 15th is the final day to have all information needed to complete your return in our office. This is the final day we will guarantee your return will be filed on time.

12/21/2021

Thanks to everyone that contributed. All the toys and countless gift cards have been picked up for delivery to the kids.

12/02/2021

Tree is up and lots of tags are being taken for the kids gifts. Stop in to grab a tag and help out a family in need.

04/16/2021

Stressing about getting taxes done? No worries, call Stropes Accounting to file an extension and take care of the details. Visit http://stropesaccounting.com to learn more.

04/03/2021

Advance Premium Tax Credit / Marketplace Insurance / "Obamacare" UPDATE

Of of today the software has been updated with IRS guidance to allow returns with a premium tax credit repayment to be E-Filed. The over credited portion will not show up on the return.

There has been no guidance on returns that were previously filed with an advanced premium tax credit repayment.

04/03/2021

Unemployment Update

We have as of last week started to file returns with unemployment. Federal has excluded $10,200 of income but WI has decoupled from the federal tax law which means it is taxable in WI. For clients we had on hold you have already heard back and we have filed those returns.

For returns previously filed before the new tax laws went into effect. The IRS strongly recommends not filing an amended return and they will issue refunds with the information they have. We have no other information or time line on this. After tax season we will recalculate returns and contact you to make sure you received the refund you deserved. If you did not we will give you the option to file an amendment.

03/12/2021

Unemployment and Premium Tax Credit - ARP Act

The American Rescue Plan Act of 2021 makes a portion of unemployment compensation non-taxable for certain filers and eliminates repayment of excess funds received through the Advance Premium Tax Credit.

We have held some returns in anticipation of this ruling and will be filing amendments to those that wish to amend their return if they have already filed.

We expect the IRS to issue official guidance in the next week or two. At that point the software companies will need to re-code and the IRS will need to approve the forms. We have/will inform you if your return is being held and for those who have already filed they may call the office to request an amendment.

More information will be given once it's available.

03/11/2021

Choose from three ways to have taxes prepared,
http://img.mailinblue.com/2745828-31/attachments/03112021.pdf

03/08/2021

For International Women's day, we want to say thank you to the women in our office and pay gratitude for the role women continue to play at the forefront of the global health crisis – as innovators, caregivers, community organizers, and workers.

03/06/2021

Looking to maximize your return? Click to learn important changes for 2020 tax filing.

01/15/2021

Key Filing Season Dates

* Feb. 12. IRS begins 2021 tax season. Individual tax returns begin being accepted and processing begins.
* Feb. 22. Projected date for the IRS.gov Where’s My Refund tool being updated for those claiming EITC and ACTC, also referred to as PATH Act returns.
* First week of March. Tax refunds begin reaching those claiming EITC and ACTC (PATH Act returns) for those who file electronically with direct deposit and there are no issues with their tax returns.
* April 15. Deadline for filing 2020 tax returns.
* Oct. 15. Deadline to file for those requesting an extension on their 2020 tax returns

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