The Hobbs Group Newsletter for [date]
The Hobbs, Here Are Your Articles for Thursday, February 17, 2022
Is this email not displaying correctly?
View it in your browser .
Our Website About Us Services Contact Us

Three days after the 2022 tax season started, an overwhelmed IRS suspends some taxpayer notices

The agency is trying to cut down on correspondence with taxpayers, to avoid adding to a backlog of returns. Click the photo to read more.

Personal Finance Scorecard

No matter what your needs are, planning for the future is important, and we can help. It’s good to have a realistic picture of your finances, your goals and what you might be overlooking. Start now by filling out this personal finance scorecard.

 

Tax Changes to Think About in 2022

A lot has changed since provisions of the Tax Cuts and Jobs Act expired Dec. 31, 2021, rather than being extended. Plus, the proposed Build Back Better Act is on the horizon. Click through for some insight into the 2022 tax landscape.

The Tax Implications of Independent Contractors

Not everyone who works for you is an employee. Some may be independent contractors. This means a simpler tax situation for you, so the distinction is important. Click through for tips on figuring out what kind of workforce you have and how to handle your tax responsibilities.

IRS continues work to help taxpayers; suspends mailing of additional letter

As part of ongoing efforts to provide additional help for people during this period, the IRS announced today the suspension of more than a dozen additional letters, including the mailing of automated collection notices normally issued when a taxpayer owes additional tax, and the IRS has no record of a taxpayer filing a tax return.

IRS Updates FAQ for the 2021 Recovery Rebate Credit

If you didn't qualify for or didn't receive the full amount of the third Economic Impact Payment, you may be eligible for the 2021 Recovery Rebate Credit. Click through for an overview to see if you're entitled to the credit.

The Complex Rules Behind the ERC

The government helped businesses respond to the COVID-19 pandemic by creating the Paycheck Protection Program and the Employee Retention Credit. Click through for a look at these key programs.

IRS Allows Electronic Filing of Form 1040-X

Filing an amended return can be a nuisance, but the IRS has made it a little easier by allowing taxpayers to file Form 1040-X electronically for the first time. Click through to see how this change simplifies the process.

Unemployment and Tax: Back to Normal

The federal government typically taxes unemployment compensation, but it granted a partial break for income earned in 2020. That break has expired. Click through to learn what to expect for unemployment compensation earned in 2021.

The Hobbs Group, P.A.
The Hobbs Group, P.A.
1704 Laurel Street, Columbia, SC 29201
O: (803) 799-0555 F: (803) 799-4212
125 W. Stone Ave., Greenville, SC 29609
O: (864) 271-7503 F: (864) 751-5889
hobbscpa.com
Friend Me on Facebook
Follow Me on Twitter
Saved Articles
Comments and Feedback
Refer A Friend
Your Privacy
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
Powered by
Copyright © IndustryNewsletters All rights reserved.

This email was sent to: bdolge@hobbscpa.com

Mailing address: 1704 Laurel Street, Columbia, SC 29201