Year-End: What you Need to Know for MGA’s Upcoming Year
December 16, 2020
Dear Clients,
2020 has been an unusual tax year and we are not sure how different 2021 will be. We are all healthy and safe and looking forward to working with you to file …
Unemployment Benefits Are Taxable and May Affect ACA Tax Credit
Due to the economic impacts of the COVID-19 (coronavirus) pandemic, many individuals may have had to file for Unemployment Insurance (UI) benefits for the first time. For many, these benefits included federal Pandemic Unemployment Assistance …
Tax Tip: Perform a Year-End Tax Records Check Up to Stay on Track
Consistent record keeping throughout the year is the key to a stress-free tax season. A quick checkup now, to make sure you are properly assembling and storing all the documents you need, can prevent hours …
Upcoming Tax Deadlines
December
Day
10
Employees Who Work for Tips – If you received $20 or more in tips during November, report them to your employer. You can use Form 4070.
15
Corporations – Deposit the fourth installment of estimated income tax …