• As we enter the third tax season during the Covid-19 pandemic, we expect the 2021 filing season will present its own unique challenges. Now more than ever it is critical that we file complete and accurate returns with the IRS. The IRS is currently entering the tax filing season with more than 10 million returns that remain unprocessed. Methods we’ve used in the past to resolve issues, including calling the IRS Practitioner Priority Hotline (available to tax preparers), are no longer reliable. Omissions or errors on your 2021 return may cause automated IRS correspondence, and resolving these issues will take significant time, patience, and cost. There are a few steps you can take to help ensure the accuracy of your tax return:

    1. Carefully review the questionnaire and answer the questions as thoroughly as possible.
    2. Take extra time to ensure you are submitting all the tax documents you received for 2021.
    3. If you received a third stimulus (Economic Impact) payment (April 2021), the IRS recently sent you a Letter 6475. You must retain this letter and submit to us with your 2021 tax documents.
    4. If you received any Advanced Child Tax Credits ($250 or more starting July 2021), the IRS recently sent you a Letter 6419. You must retain this letter and submit to us with your 2021 tax documents.
    5. Consider setting up an online account with the IRS. While a bit of work initially, this online account will allow you to view important tax records, payments and credits.

    Important Documents for 2021 Tax Season:

    2021 Individual Tax Questionnaire

    2021 Individual Engagement Letter

    Additional updates about eh 2021 Tax Season:

    Read about the Ohio Municipal Tax landscape for remote workers

© Copyright 2013 - Zimmerman and Company CPAs - Website Developed by OodleTech