Dobis & Associates, CPAs

FRIENDLY REMINDER: Unemployment compensation is taxable. Since there are so many people collecting unemployment for the first time, we wanted to make you aware that unemployment is taxable. You will receive a 1099-G in early 2021 and that amount will be reported on your 2020 Form 1040. as ordinary income. Don't be surprised, be prepared.

For those of you working in the restaurant industry that meet the qualifications listed below, go to www.rerf.us to apply for a grant to help you through these ...hard times. Guy Fieri has started this great humanitarian effort and has raised millions and millions of dollars already to help those of you not earning a paycheck right now. See more

Information on Paycheck Protection Program

We will be working remotely and communicating with clients via email or phone. We will be preparing tax returns as we have in previous years. When your tax re...turns are complete, we can provide documents for electronic signatures to process those returns. While this set back may cause slight delays, please know that we will be working to complete everyone's returns as soon as possible. See more

Happy Holidays from Dobis & Associates, CPAs! In order for us to spend time with our families over the holidays, our office will be closed from Tuesday, December 24, 2019 through Friday, December 27, 2019

The SF Foundation for Excellence and The SF Historical Society are having a Summertime BBQ on Saturday, July 27th from 1pm-5pm at The Original Farmer’s Market (...151 Parks Road). The Timothy Earl Band will he performing from 2pm-4pm. The Lion’s Den Deli and Black and Gold Tailgater will have BBQ and other food and beverages available for purchase. Helicon Brewery and Red Fox Winery will be serving adult beverages. Craft vendors and other activities will be set up. Bring chairs and enjoy the afternoon! Admission is FREE! The event is happening, rain or shine! See more

REFUNDS TO BE LESS THAN THEY WERE IN PRIOR YEARS You probably noticed that in 2018, your paycheck was higher than it was in previous years. That is because the Tax Cuts and Jobs Act (TCJA) of 2017 was designed to give you more money throughout the year instead of receiving a large tax refund at the end of the year. ESTIMATED TAX PENALTIES HAVE BEEN ELIMINATED FOR MOST TAXPAYERS... Due to the implementation of the TCJA, estimated tax penalties have been eliminated for a majority of taxpayers. In the past, you were required to pay, either through withholding or estimated tax payments 100% of what your liability was the year before (110% of your liability if your adjusted gross income ((AGI)) was more than $150,000). However, the IRS has issued guidance that will eliminate these penalties for those that have paid at least 85% of what their liability was in 2017.

https://taxpayeradvocate.irs.gov//TaxChanges/TAS-TaxChange