IRS to Handle Unemployment Returns, Don't Amend IRS to Recalculate Taxes on Unemployment Benefits; Refunds to Start in May
American Rescue Plan Act of 2021 - Potential Impacts to your 2020 returns.
The American Rescue Plan Act of 2021 extends unemployment benefits, provides funding for state and local governments, supports vaccine rollouts, expands the child tax credit, makes a portion of unemployment compensation nontaxable for certain filers, and gives many Americans an additional Economic Impact Payment.
Employer and Worker Guidance on Coronavirus: https://www.labor.ca.gov/
Independent contractors and self-employed individuals can apply for and receive loans to cover their payroll and other certain expenses through existing SBA lenders: https://home.treasury.gov/system/files/136/PPP--Fact-Sheet.pdf
Disaster Relief for business owners and homeowners: https://www.sba.gov/funding-programs/disaster-assistance
Currently, our offices are open for phone appointments and drop off/pickup. Here are some steps we have put in place:
- All clients are encouraged to use our Secure Firm Portal to send us files and exchange documents online. You can access the portal via our website or https://www.securefirmportal.com
- Our offices are currently open for phone or video appointments only. Please call us at 209-229-7970 if you want to schedule a phone appointment. You can also schedule online here: https://calendly.com/mytaxangel If you need to reschedule please feel free to let us know anytime. You can also reschedule right through your appointment confirmation email under the reschedule link.
Our office is currently open for drop off and pickup M-F 8am-5pm. No appointment is necessary for drop offs. To accommodate any concerns, our clients and staff may have we have taken the following additional steps:
- We have increased the cleaning and sanitation of our offices. Every surface, door handle, pens, buttons, everything is continually wiped down with Lysol wipes and sanitizer.
- We have added additional alcohol-based sanitizer around our office.
Thank you for being a valued client and for your continued trust as we manage through this time together. If you have any questions or need further assistance, please call us at (800) 401-2820 or email us: firstname.lastname@example.org.