Illustrates a taxpayer opening a Recovery Rebate Credit check from the US Treasury.

The Recovery Rebate Credit – Am I Eligible?

Taxpayers who did not receive the full amount to which they were entitled can claim it as a refundable credit when filing 2020 taxes in 2021   Article Summary -This article helps define what the Recovery Rebate Credit is, which taxpayers are … [Read more]

Tax Filing Due Date Extension

The tax filing due date is extended from April 15 to July 15. Taxpayers can also defer income tax payments without penalties and interest. Even with this extension, if you are due a refund, file electronically as soon as possible. A full listing of … [Read more]

Choice of Tax-Exempt Entity Status

By: James A. Bradley, CPA, MBT(Tax), Tax Manager at Millan and Co, PC, Austin, TX. August, 2019. Do you want to form a nonprofit organization? What tax-exempt entity status should you choose? Should you select Section 501(c)(3), … [Read more]