Accounting & Tax Solutions CPA, P.A.

07/28/2025

IRS Guides to Protect Yourself from Scammers…..

Tax Tip 2025-46, July 8, 2025 — Identity thieves can prey on anyone, at any time. Here are some helpful tips for taxpayers to know when it’s really the IRS or not.

07/24/2023

Tax Tips for new parents....

IRS – Tax tips for new parents July 24, 2023 admin Leave a comment Here are some tax tips for new parents https://www.irs.gov/newsroom/tax-tips-for-new-parents Posted in: Uncategorized

10/11/2022

IRS extends filing deadlines for Florida residents due to hurricane Ian. Tax returns that had a valid extension for the October 17th deadline, may be filed on or before February 15, 2023. See this link for Other beneficial provisions.

FL-2022-19, September 29, 2022 — Victims of Hurricane Ian that began September 23 in Florida now have until February 15, 2023, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

09/17/2022

Planning to work beyond your retirement age?

https://www.marketwatch.com/story/how-working-past-65-can-affect-your-medicare-social-security-hsa-and-taxes-11662758143?fbclid=IwAR0SJWbw3Ucpv7VSJ0LgaI677q6P0u9v4RQ1qoqZxAVRAOGsKF_d21Y7hio

More Americans are working into their golden years. Here's how Medicare, Social Security, taxes and other factors come into play.

01/17/2022

Itemizing versus the Standard Deduction.....

With the rise in the price of housing (Mortgage interest & Real Estate taxes), itemizing maybe be relevant again. Charity & Medical expenses and other components may exceed the Standard Deduction.

Tax Tip 2022-06, January 11, 2022 — Taxpayers have two options when completing a tax return, take the standard deduction or itemize their deductions. Most taxpayers use the option that gives them the lowest overall tax.

11/22/2021

New business startup costs tips....

Tax Tip 2021-166, November 9, 2021

03/13/2021

Formally announced by the IRS yesterday:
Unemployment benefits
The act makes the first $10,200 in unemployment benefits tax-free in 2020 for taxpayers making less than $150,000 per year.

For more on this new coronavirus relief bill, click on link.

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.

01/15/2021

Tax filing season will start late this year per the IRS, start date February 12, 2021.

IR-2021-16, January 15, 2021 — The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.

12/28/2020

Close call... Shutdown is averted. What exactly is in this funding bill, tax impact?

08/29/2020

Social Security tax (6.2%) to be deferred for certain W-2 employees... Stay tuned....

The American Institute of CPAs has sent a letter to top officials asking for more guidance on the president's executive order.