Current Office Status
We are currently open and are permitting clients in our office. Effective 8/20/2021, the Town of South Windsor has declared that face masks are mandatory for all people regardless of vaccination status. Please call (860) 648-4002 for further information.
COVID-19
Are you still waiting for your refund?
IRS recently released an operational staus update. This update (found below) addresses some of the reasons that you may not have received your refund yet. In a normal year many of these things are done behind the scenes and are not noticed by the taxpayer. However, the service has not yet fully recovered from the effects of COVID-19 on their operations.
Read more ...Tax Day for individuals extended to May 17: Treasury, IRS extend filing and payment deadline [UPDATE]
IR-2021-59, March 17, 2021
WASHINGTON — The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021. The IRS will be providing formal guidance in the coming days.
Read more ...The American Rescue Plan of 2021
The following is a summary of a few of the key provisions in the American Rescue Plan that was signed by President Biden on March 11, 2021. Check back for updates as we learn more...
Read more ...Welcome to Don Brooks & Associates Online Office
Spend Some Time
Explore our Online Office. There are many different ways to use the services here. You can:
- Learn about the services we offer.
- Stay Alert to tax and accounting news.
- Link to a variety of news and other helpful sites.
- Take Advantage of numerous tax tips.
Please browse the pages of this site and feel free to e-mail any questions, suggestions or other feedback. This web site is meant to be an extension of services provided to you.
Visit often as additional news and helpful information will be continually added in an effort to serve you better.
Announcements
IRS Online Account can help taxpayers get ready to file their tax return
Taxpayers can securely access and view their IRS tax information anytime through their individual online account. They can see important information when preparing to file their tax return or following up on balances or notices. This includes:
Read more ...Educators can now deduct out-of-pocket expenses for COVID-19 protective items
WASHINGTON – Eligible educators can deduct unreimbursed expenses for COVID-19 protective items to stop the spread of COVID-19 in the classroom. COVID-19 protective items include, but are not limited to:
Read more ...2021 tax filing season begins Feb. 12; IRS outlines steps to speed refunds during pandemic
WASHINGTON ― The Internal Revenue Service announced that the nation's tax season will start on Friday, Feb. 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns.
The Feb. 12 start date for individual tax return filers allows the IRS time to do additional programming and testing of IRS systems following the Dec. 27 tax law changes that provided a second round of Economic Impact Payments and other benefits.
This programming work is critical to ensuring IRS systems run smoothly. If filing season were opened without the correct programming in place, then there could be a delay in issuing refunds to taxpayers. These changes ensure that eligible people will receive any remaining stimulus money as a Recovery Rebate Credit when they file their 2020 tax return.
Read more ...Businesses have Feb. 1 deadline to provide Forms 1099-MISC and 1099-NEC to recipients
WASHINGTON − The Internal Revenue Service today reminded businesses and other payors that the revised Form 1099-MISC, Miscellaneous Income, and the new Form 1099-NEC, Nonemployee Compensation, must be furnished to most recipients by Feb. 1, 2021.
Read more ...How to Receive our Monthly Newsletter
Do you like our "Weekly Tax Tips" would you like to receive our monthly e-mail newsletter distributed on the first Friday of each month. The newsletter covers a broad array of tax and financial information.
You can do so by sending your This email address is being protected from spambots. You need JavaScript enabled to view it. this information will never be sold or distributed in any way.
News
Time to Schedule Your Tax Planning Session
Now is the time to schedule a tax planning appointment. If you are on the fence, here are some things to consider:
Read more ...Protect Your Valuables BEFORE Thieves Arrive
If you are concerned about protecting your valuables, here are several suggestions to consider for protecting them from would-be thieves:
Read more ...Give Your Business an End-of-Summer Check-up
As summer winds down, your business’s financial statements may be due for a quick check-up. Here are several review suggestions to help determine the health of your business prior to year end.
Read more ...It's BACK! Inflation is Among Us
How to shield your money from inflation
Recent high inflation rates are driving up the price for almost everything and eroding the value of your money. With varying opinions on the potential duration of the current inflation surge, it’s important to understand the causes and how you can protect your money.
Read more ...Get Your Child Tax Credit Payments NOW!
The first advance payment from the newly expanded child tax credit was recently sent out by the IRS. Payments are scheduled to be made on the 15th of each month through December.
Here’s what you need to know about the child tax credit and the advance payments.
Read more ...Make the Most of Your Vehicle Expense Deduction
Tracking your miles whenever you drive somewhere for your business can get pretty tedious, but remember that properly tracking your vehicle expenses and miles driven can lead to a significant reduction in your taxes.
Here are some tips to make the most of your vehicle expense deduction.
Read more ...I See Where You Go and What You Do
The creepy spying game of the internet
Companies are following your every move. When you have a cell phone, they are tracking what apps you use, where you go, who you talk to and more! Other smart devices listen to your conversations in your home, keep track of what you view on your TV, and report where you visit and what routes you take to get there. Even worse, the more you share the greater the chance a hacker gets this information.
Consider these tips to more actively protect yourself and your information.
Read more ...Main Menu
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Weekly Tax Tip
25 September 2021
Weekly tips to help you better understand tax and financial situations.-
How to Reduce Your Property Taxes
With a $10,000 limit on deducting property and state income taxes on your federal tax return, what can you do to lower your tax bite? Look at reducing your property taxes!
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Those Pesky Records!- What do I need to keep?
Know when to hold them. Know when to toss them. Tax record retention basics can be found here.