Linda Catalina, CPA

Economic Impact Payments details, 3rd round https://www.irs.gov//more-details-about-the-third-round-of

Need money for health expenses now? Do a one-time rollover from a Traditional IRA into an HSA, Health Savings Account. This can give you immediate access to money to pay for healthcare costs without penalties or income tax! The limit is once in a lifetime.... https://money.usnews.com//should-you-roll-over-an-ira-to-a

A good interactive tool to determine if you need to file a federal 2020 Individual tax return: https://www.irs.gov/help/ita/do-i-need-to-file-a-tax-return

Choose an income tax advisor carefully. We recommend licensed full-time career professionals for this important function. https://www.irs.gov//tax-time-guide-select-a-tax-return-pr

New form due January 31st - Form 1099 NEC due to certain individuals and companies that you paid amounts to in 2020: https://www.irs.gov/pub/irs-pdf/i1099msc.pdf

A goo short read about the SBA loans (PPP and EIDL) you may have received as a business: Are they taxable? https://www.nav.com//are-eidl-or-ppp-loans-taxable-income/.

We are ready to help with year-end tax planning strategies https://www.efile.com/tax-planning/

Good checklist: https://buckinghamadvisor.com/a-2020-year-end-planning-che/

If your federal tax refund is delayed: https://smartasset.com/taxes/tax-refund-delay

Filing protective claim with the IRS asap for a potential refund of Additional Medicare Tax and Net Investment Income Tax that may be repealed by the Supreme Court: http://www.gouldratner.com//why-taxpayers-may-want-to-file

IRS Federal Tax Court Case - still applies for evidence rules: Small Business tax deductions - remember your substantiation rules. The IRS may disallow auto and your other "business" deductions: http://www.smbiz.com/sbspec692.html