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TAX FAQS
2022 Tax Season FAQs from Anfinson Thompson & Co. ** WHAT IS THE DEADLINE FOR MY TAX RETURN? Due to enhanced security measures recommended by the IRS, deadlines are adjusted […]
TAX IMPACTS OF OWNING CRYPTOCURRENCY
Have you owned cryptocurrency? Did you know crypto transactions may impact your tax bill? If you or your dependent children have had online activity involving Robinhood, Ethereum, Bitcoin, or other […]
Child-related 2021 tax credits
Even if you are not required to file taxes, you may still be eligible for child-related tax credits. If you have any questions or would like more information, please contact […]
Minnesota Covid-19 Tax Refunds Have Begun
The Minnesota Department of Revenue has confirmed the processing of returns impacted by recent tax changes for those who collected unemployment insurance compensation and Paycheck Protection Program loan forgiveness.
How the IRS Might Contact You
How the IRS might contact you looks very similar from person to person. Unfortunately, many different scams exist today that prey on unsuspecting business owners and individuals. Some scammers will […]
Teacher Tax Deductions
A Tip for teachers: Some educator expenses may be tax deductible Educators, do you know that some of your classroom expenses could qualify as teacher tax deductions to reduce your […]
PPP and Unemployment Updates
The 2021 tax bill was signed. Details of the Paycheck Protection Program (PPP), unemployment compensation and more coming soon.
Delayed Tax Refunds Insight
Have you filed your 2020 federal taxes and still have not received your refund? Millions of Americans are experiencing delayed tax refunds.
Advance Child Tax Credit Payments
As a result of the American Rescue Plan Act going into effect on March 11, 2021, advance Child Tax Credit payments are available for 2021.
Employee Retention Credit
Your business may be eligible to receive the Employee Retention Credit. Here’s what you need to know on requirement criteria and next steps.