STILL WAITING ON YOUR FEDERAL REFUND?
Unfortunately so are 35 Million other people. The IRS announced on June 23rd in their annual report that they have over 35 Million tax returns to be processed. You can find the report here. We ask that you have patience with the IRS and be advised that there is literally nothing we can do as preparers to get the process to move faster. Once the IRS has the returns it has to review each and every return. With all the sudden tax changes half way thru tax season it has thrown a serious wrench into their return processing system. We apologize for the delay, please know if we could get your return processed faster we would!
Unfortunately so are 35 Million other people. The IRS announced on June 23rd in their annual report that they have over 35 Million tax returns to be processed. You can find the report here. We ask that you have patience with the IRS and be advised that there is literally nothing we can do as preparers to get the process to move faster. Once the IRS has the returns it has to review each and every return. With all the sudden tax changes half way thru tax season it has thrown a serious wrench into their return processing system. We apologize for the delay, please know if we could get your return processed faster we would!
ADVANCED CHILD TAX CREDIT PAYMENTS INFO
For tax year 2021 only the IRS is increasing the Child Tax Credit from $2,000 per child to $3,000 per child ages 6 – 17 at the end of 2021 and $3,600 per child aged 5 and under at the end of 2021. The IRS will pay half the total credit amount in advance monthly payments beginning July 15th. You will claim the other half of the credit when you file your 2021 income tax return in early 2022.
To qualify for the Child Tax Credit you must meet the following requirements:
**PLEASE KEEP IN MIND RECEIVING THESE ADVANCE PAYMENTS WILL LOWER YOUR EXPECTED REFUND WHEN YOU FILE YOUR TAX RETURN**
If you generally owe when you file your return or receive a small refund, we recommend Opting Out of receiving these payments early. Receiving them early may increase the amount you owe or cause you to owe instead of receiving a small refund. To Opt Out go to the IRS website https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021 and select “UNENROLL FROM ADVANCE PAYMENTS”
Follow this link https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-frequently-asked-questions for a list of Questions and Answers pertaining to the Advance Child Tax Credit Payments.
For tax year 2021 only the IRS is increasing the Child Tax Credit from $2,000 per child to $3,000 per child ages 6 – 17 at the end of 2021 and $3,600 per child aged 5 and under at the end of 2021. The IRS will pay half the total credit amount in advance monthly payments beginning July 15th. You will claim the other half of the credit when you file your 2021 income tax return in early 2022.
To qualify for the Child Tax Credit you must meet the following requirements:
- You have a qualifying dependent child under the age of 18
- Your main home for more than half of the year must have been in the United States.
- Your Adjusted Gross Income must be lower than:
- $150,000 if filling as Married Filing Joint or a Qualified Widow(er)
- $112,500 if filling as Head of Household
- $75,000 if filing Single or Married Separate
- If your income is above this limit you may qualify for a reduced amount of the Child Tax Credit
**PLEASE KEEP IN MIND RECEIVING THESE ADVANCE PAYMENTS WILL LOWER YOUR EXPECTED REFUND WHEN YOU FILE YOUR TAX RETURN**
If you generally owe when you file your return or receive a small refund, we recommend Opting Out of receiving these payments early. Receiving them early may increase the amount you owe or cause you to owe instead of receiving a small refund. To Opt Out go to the IRS website https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021 and select “UNENROLL FROM ADVANCE PAYMENTS”
Follow this link https://www.irs.gov/credits-deductions/2021-child-tax-credit-and-advance-child-tax-credit-payments-frequently-asked-questions for a list of Questions and Answers pertaining to the Advance Child Tax Credit Payments.
individual tax returns who filed for an extension are due 10/15/2021. Please make plans to bring your documents to us two weeks beofre the deadline.
as this pandemic continues on and things start to open up we are constantly updating our plans to ensure the safety of our employees and clients.
covid - 19 2021 update (6/15/2021):
we have suspended all face to face appointments in our office. if an appointment is required we offer virtul appointments via video conference or phone conference.
We encourage our clients to drop off their tax paperwork which we will prepare during our office hours. you can physically bring your documents into the office, upload them to our secure client portal (see below for link to portal), mail them to po box 413 depew, ny 14043, or fax your documents to 716-656-7528.
If you have questions or concerns please feel free to contact our office at
716-656-7527 or email recept.action@gmail.com.
we appreciate everyone's understanding during this UNPRECEDENTED time. It is a forever changing situation that we are CONSTANTLY monitoring and will update this page with any changes. -Kasha & the Girls at Action
FOR INFORMATION ON STATE GUIDELINES ON REOPENING BUSINESSES IN NEW YORK STATE: FORWARD.NY.GOV/
NY Unemployment Forms are now available online!
These will not be mailed to you! Follow these steps to get your form that is required to file:
Go to my.ny.gov/LoginV4/login.xhtml
Log in with your user name and password that you used when certifying for benefits.
Once you are logged in go down to the section "Unemployment Insurance" and click on "Unemployment Services"
Find "Get Your NYS 1099-G and click the gray button
This will generate a PDF copy of your 1099-G form that you can either print and bring to us, or save and email to us.
These will not be mailed to you! Follow these steps to get your form that is required to file:
Go to my.ny.gov/LoginV4/login.xhtml
Log in with your user name and password that you used when certifying for benefits.
Once you are logged in go down to the section "Unemployment Insurance" and click on "Unemployment Services"
Find "Get Your NYS 1099-G and click the gray button
This will generate a PDF copy of your 1099-G form that you can either print and bring to us, or save and email to us.
Welcome to
Action Bookkeeping
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Action Bookkeeping & Tax Service was established in 1997 as a "one-stop" shop for individuals and small business owners in the Western New York area. We are a family-based business dedicated to fulfilling the needs of all types of clients whether businesses or individuals. We have since expanded our business, opening a second location in Austin, Texas to better serve our clients down south! We have the capability to file income tax returns in all 50 states.
We offer our clients a wide range of services from accounting and payroll, to personal income tax preparation. We also work closely with financial advisors who can help you plan out your financial future. We truly believe our success is a result directly from our client's success! Our friendly staff is available year round to assist you! |
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schedule an appointment with one of our professionals today!
Our Services
Income TaxIncome Tax Preparation for Individuals, Corporations, Partnerships, & Sole Proprietors.
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PayrollFull - Service Payroll for small business employers with 30 or less employees.
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BookkeepingMonthly Bookkeeping for small businesses. Let us handle the paperwork!
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Quick Links
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Location & HoursOpen year-round we are available to assist with all of your small business and tax needs!
ACTION BOOKKEEPING & TAX SERVICE 2701 Transit Road Suite 131 Elma, NY 14059 MAY - DECEMBER MONDAY - THURSDAY 10am - 5pm FRIDAY, SATURDAY, SUNDAY Closed JANUARY - APRIL MONDAY - FRIDAY 9am - 9pm SATURDAY & SUNDAY Closed |
CONTACT US PHONE - 716.656.7527 FAX - 716.656.7528 EMAIL - recept.action@gmail.com |