March Newsletter

Patience (noun): the ability to wait, or to continue doing something despite difficulties, and to endure without becoming upset

The past year has been a challenge for us all. We've had our patience tested, but we have persevered together. We ask that you continue to be patient as we navigate the proposed 2020 tax law changes and prepare for the upcoming corporate deadline on March 15th. We appreciate your understanding and support during this trying time and will continue to keep you informed on updates.

Unemployment Benefits - Tax Waiver

As a part of the American Rescue Plan, the Senate has proposed a tax waiver on unemployment insurance benefits. Married filing joint taxpayers with an AGI below $150,000 in 2020 may be eligible to exclude up to $10,200 of unemployment insurance benefits. We are in the process of identifying clients who may be impacted by this change. If you have already filed your return and you believe that this is applicable to you, we will be in touch to discuss your options. Please be aware that the IRS is estimating amended returns to take approximately 16 weeks for processing. At this time, we will hold off on filing returns for taxpayers who received unemployment benefits and may qualify for this waiver. If the bill passes, we anticipate our tax software to be updated and ready to account for these changes no later than the end of March.

Drop Off Procedure

Friendly Reminder: The drop box is only available during our office hours. If you plan to drop off your tax documentation, please review our hours before you arrive.

Your Economic Impact Payments

We need the amount you received in Economic Impact Payments before we can finalize your tax return. When you provide us with your documentation, please include detail for the payments that you received in 2020 and in early 2021.

Where's My Refund?

If you would like to track the status of your 2020 refund, you can refer to the IRS Where's My Refund resource. Please be aware that refunds may take longer than expected due to delays at the IRS.

Office Hours

March: Monday through Thursday 9 a.m. to 6 p.m. Friday 9 a.m. to 5 p.m.