Em's Accounting Service

All that glitters is not gold. Unscrupulous preparers are misrepresenting who is eligible for the Employee Retention Credit. can help you protect yourself by mapping out the warning signs of an ERC scam.

Learn more: https://ow.ly/OBKI50PutzL

2022 tax filing season begins Jan. 24; IRS outlines refund timing and what to expect in advance of April 18 tax deadline | Internal Revenue Service IR-2022-08, January 10, 2022 — The IRS announced that the nation's tax season will start on Monday, January 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.

The January 24 start date for individual tax return filers allows the IRS time to perform programming and testing that is critical to ensuring IRS systems run smoothly. Updated programming helps ensure that eligible people can claim the proper amount of the Child Tax Credit after comparing their 2021 advance credits and claim any remaining stimulus money as a Recovery Rebate Credit when they file their 2021 tax Read the full release:https://www.naea.org/wp-content/uploads/2022/01/IR-22-08.pdf

We need to know you are really YOU. The IRS recently launched an improved identity verification and sign-in process that enables more people to securely access and use IRS online tools and applications. Taxpayers using the new mobile-friendly verification process can access several IRS online services.

To learn more, click here: https://go.usa.gov/xedxr

IRS Statement about Second Economic Impact Payments | Internal Revenue Service January 5, 2021— IRS Statement about Second Economic Impact Payments and Get My Payment.

You may qualify for the Recovery Rebate Credit when you file your 2020 taxes in 2021. To learn more, click here: www.irs.gov/eip

An IRS reminder to taxpayers: Unemployment compensation is taxable. Plan ahead and have tax withheld now to avoid a tax-time surprise. Learn more: https://go.usa.gov/xfzmM

With so many changes this year, the IRS recommends all taxpayers review their withholding annually. Use the IRS Tax Withholding Estimator to check and make sure you’re not having too little or too much federal tax withheld. This tool offers workers, retirees and self-employed individuals a step-by-step method to help figure out if you should adjust your withholding.

If you do need to adjust your withholding simply submit a new IRS Form W-4, Employee’s Withholding Certificate to your employer.

To learn more, click here: https://go.usa.gov/xfSMk

Thanks to hard work and long hours by dedicated IRS employees, Economic Impact Payments are going out on schedule, as planned, without delay, to the nation. The IRS employees are delivering these payments in record time.

The IRS deadline to file and pay federal income taxes has been moved to July 15. If you need additional time to file, request an extension to Oct. 15, 2020. www.irs.gov/extensions

Employers eligible for the new Employee Retention Credit include those experiencing a significant decline in gross receipts. The IRS has posted FAQs to help you figure out this new credit: www.irs.gov/coronavirus