Things people do during the summer that might affect their tax return next year

 Whether it’s a life change or a typical summer event, it could affect incomes taxes. Here are a few summertime activities and tips on how taxpayers should consider them during filing season. Getting married- Newlyweds should report any name change to the Social Security Administration. They should also report an address change to the United States Postal Service, their […]

New law provides relief for eligible taxpayers who need funds from IRA’s and other retirement plans

The Coronavirus Aid, Relief, and Economic Security (Cares) Act can help eligible taxpayers in need by providing favorable tax treatment for withdrawals from retirement plans and IRA’s. Under the CARES Act, individuals eligible for coronavirus-related relief may be able to withdraw up to $100,000 from IRA’s or workplace retirement plans before December 31, 2020, if […]

What Taxpayers should do if they missed the July 15 deadline

While the federal income tax-filing deadline has passed for most people, some taxpayer’s have not filed their 2019 tax returns yet. If the taxpayer is entitled to a refund, there’s no penalty for filing late. Penalties and interest will begin to accrue on any remaining unpaid tax due as of July 16, 2020. Anyone who […]

Taxpayers need to resume payments by July 15

The IRS today reminds taxpayers who took advantage of the People First Initiative tax relief and did not make previously owed tax payments beginning March 25 through July 15 that they need to restart their payments. As the IRS continues to reopen its operations across the country, taxpayers who were in payment agreements and skipped […]

IRS Offers Additional Retail Partners That Accept Cash Payments

The IRS today announced additional retail partners are accepting cash payments for federal taxes. This cash payment option is for individual and business taxpayers. The IRS’ continuing partnership with ACI Worldwide’s and the PayNearMe Company allows taxpayers to make a payment without a bank account or credit card at participating 7-Eleven stores, Ace Cash […]

Taxpayer Can View Their Tax Account Info

Taxpayers can go to, they can login to the View Your Account Information page. Taxpayers can view: Their payoff amount, which is updated for the current day Balance for each tax year for which they owe taxes Payment history Information from their most current tax return as originally filed. Taxpayers should also allow 1 […]

Tips on How to Handle an IRS Letter or Notice

Do not panic. Simply contact Pamela L. Nickles at Expert Tax Solutions, or 336-907-3384. Do not ignore the letter. Respond timely. If a notice indicates a changed or correct tax return, review the information and compare it with your original return. Taxpayers must respond to a notice they do not agree with. There is […]