TAX PRO PLUS LA

Retirees that Don't File a Tax Return and Have Dependent Children May Need to Take Action Before Noon April 22

If you receive Social Security Retirement or Railroad Retirement benefits and are not required to file a tax return and have one or more dependents under the age of 17, you need to take action no later than 12 noon EST on Wednesday, April 22 or you will have to wait until 2021 to receive the $500 rebate for the children.

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Did You Take Your 2020 RMD Too Soon?

As part of the CARES Act, the requirement for older taxpayers to take required minimum distributions (RMDs) from their retirement plans has been waived for 2020. This is primarily due to the drop in value for most investments as a result of the economic effects of COVID-19.

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Coronavirus-Related Tax Relief for U.S. Families and Individuals

In the time of COVID-19, many Americans are struggling financially. Learn more about your various relief options for your taxes & finances.

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Rebates Are Finally Flowing - Did You Get Yours; Was It Correct?

The IRS has finally started making those much anticipated Economic Impact Payments, aka “Recovery Rebates.” However, not everyone who was expecting one has received theirs, and some may not be the amount expected.

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Congress Makes Charitable Giving Easier During the COVID-19 Crisis

To encourage charitable contributions to deserving qualified charities during these trying times, Congress has relaxed some of its restrictions related to how much a taxpayer can deduct as a charitable contribution in any given year.

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