IRS NEWS ROOM JULY 14, 2021

Effective July 15, 2021, parents with dependent children age 17 years or younger will be eligible to receive an Advance Child Tax Credit.  The monthly credit amounts will range from $250 to $300 per child, payable in 2021. Click the link to learn more. Additional information on this topic is available on the IRS.GOV website.   

What’s My Filing Status

IRS Tax Tip 2020-130, October 1, 2020 Taxpayers need to know their correct filing status and be familiar with each option. Generally, the taxpayer’s filing status depends on whether they are single or married on Dec. 31 and that determines their status for the whole year. However, more than one filing status may apply in certain situations. …

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QLB ACCOUNTING TAX TOPIC

QLB Accounting Service continues to spotlight current tax laws to ensure that individuals and businesses comply with the IRS and applicable state regulations. The current topic is What My Filing Status. Click the link to learn more about the five filing statuses and how to determine which to file. Additional information regarding this topic is available on …

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