Aaron D. Witherspoon, CPA, MST

2020 Stimulus Payment (CARES Act) Details: Single taxpayers will receive $1,200 and Married Filing Joint Taxpayers will receive $2,400 Dependents claimed on a tax return are not eligible to receive a stimulus payment Individuals with past due child support will have their stimulus payment reduced or eliminated based on their past due amount The stimulus payment is an advance of a 2020 tax credit and repayment is not required ... The most recent tax year return filed will be used to compute your stimulus payment (2018 or 2019) Taxpayers receive $500 for each dependent claimed on their return that is under the age of 17 Taxpayers above specified Adjusted Gross Income (AGI) limits will not receive a payment AGI Limits: Single > $99,000; Head of Household > $136,500 and Married Filing Joint > $198,000 Individuals living on government benefits (SSA or VA) are eligible and will automatically receive a stimulus payment if they receive a SSA-1099 Form The IRS created a simple tax return for individuals: that are not required to file a tax return in 2018/2019 or they do not receive a SSA-1099 Form Here is the IRS simple tax return: https://www.freefilefillableforms.com/ Payments will be issued via check or direct deposited using bank information from the IRS or SSA If you did not receive a Refund Advance or use Refund Transfer, your stimulus payment will be sent to your Emerald Card for H&R Block customers Direct deposits begin on Monday April 13th / Checks mailed within 3 weeks after that date See more

If you are a Philadelphia worker who has been impacted by the Coronavirus pandemic; there’s a good chance you’re eligible for unemployment benefits from the State of Pennsylvania. Don’t wait. Don’t hesitate. File an unemployment claim online as soon as you are unable to work.If you are a Philadelphia worker who has been impacted by the Coronavirus pandemic; there’s a good chance you’re eligible for unemployment benefits from the State of Pennsylvania. Don’t wait. Don’t hesitate. File an unemployment claim online as soon as you are unable to work.

The Treasury just approved a 90 day extension to file your Federal income tax return and pay the tax that is due. July 15 is the new due date.The Treasury just approved a 90 day extension to file your Federal income tax return and pay the tax that is due. July 15 is the new due date.

The start date has been set for the 2020 income tax season. The IRS will start accepting tax returns on Monday, January 27th. Call, text or email today to make an appointment!

Tax Strategies to implement by December 31st: (1) Contribute funds to your local charity (2) Maximize your retirement plan contributions (3) Verify that the IRS has your current address (4) Immediately consult a qualified & experienced CPA with any tax questions that you may have.Tax Strategies to implement by December 31st: (1) Contribute funds to your local charity (2) Maximize your retirement plan contributions (3) Verify that the IRS has your current address (4) Immediately consult a qualified & experienced CPA with any tax questions that you may have.

Question #1: Identify the individual that you will utilize to prepare your 2019 income tax returns.

All, Equifax just reached a $700 million settlement for their most recent breach. If you were impacted, you get $125. Use the website below to find out if you were impacted. If your are impacted, File the Claim for the $125! Don’t leave money on the table. www. equifaxbreachsettlement.com

Philadelphia Office - City Avenue & Monument Road.

Congratulations! To the winner - Vonda Pearson! Thanks to all that participated in the special thank you to my tax year 2018 clients. Vonda enjoy the 2 tickets to the Sixers vs. Bulls game this Wednesday at the Wells Fargo Center.

I just wanted to thank all of my existing and new clients, for making this a wonderful 2018 income tax filing year. My business is only able to grow, as a result of referrals, made by all of you. I’m truly grateful and appreciative for each and every client that I have. Remember, unlike a tax preparer, a CPA is accessible and available all year around!

The IRS announced a huge increase in tax preparer fraud in 2019. You should: Find a preparer that is available year-round Ask if the preparer has an IRS PTIN Number Ensure they are listed on IRS Preparer Directory ... Discuss service fees prior to providing documents Know, a CPA can represent you, with IRS or Court See more

IRS tips for selecting a tax preparer: 1. Check the preparer’s qualifications 2. Get estimate of fees before processing begins 3. Ensure they are capable of explaining the resultsIRS tips for selecting a tax preparer: 1. Check the preparer’s qualifications 2. Get estimate of fees before processing begins 3. Ensure they are capable of explaining the results