Annual Tax Letter
Bob Picarillo: 518-421-6204
Tax Preparation & Bookkeeping
Web site: WWW.PicarilloTax.Com
January 1, 2021
I hope your 2020 year was enjoyable and prosperous. The 2020 tax filing year was a disaster for the IRS and it caused many problems for the tax preparers. It was filled with many changes, some of which were not legislatively approved until well into the tax filing period or programed timely by IRS due to the pandemic. I hope you did not experience delays of your refund or stimulas checks.
Some clients have still not received refunds or adjusted refunds for the 2020 filing and the IRS is working diligently, with a shorten staff, to resolve. This is definitely an unusual situation but I am trying to keep atop of it.
For the 2021 tax year there will also be many big changes that are going to affect the Taxpayers and the Tax Preparer. Security and protection of information are a priority for this tax year. The new demands will be costly and with that being said there MAY Be an increased in preparation fees this year.
I have listed the important changes for 2021 filing and you can access them under the ‘Tax Law Changes’ tab in this web site.
Please follow the other topics on this web site like HOW to find a Trustworthy tax preparer, How much does it cost to have taxes prepared, the Advantages of hiring a tax preparer.