Stay Ahead of Law Changes & Protect Yourself Against Being Audited: Corporate Transparency Act and Reasonable Compensation

8. Tax Season Update

Welcome to Questioning Your Cents where you can get real-world, pragmatic tax & financial advice for business owners, entrepreneurs and independent contractors.

 

We are your hosts, Kevin Molen and Charles Steinmetz. Our job is to help educate you on how to manage your money and save on taxes. In this episode, we discuss what is new this year for tax season.

 

Important Points:

2020 Tax Season Update

Late start to tax season with delayed efile opening

IRS is taking longer than normal to process returns

Tips to get your return processed faster

Stimulus check information rounds 1-3

Recovery rebate credit

American recovery act

Child tax credit expansion

Daycare or dependent care credit expansion

Unemployment changes

How will unemployment benefits be taxed?

How long does it take to get your tax refund back?

 

 

Contact us:

info@molentax.com

281-440-6279

 

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https://www.linkedin.com/company/molen-&-associates

https://twitter.com/molentax

https://www.molentax.com

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Check out this episode!

The Molen & Associates Difference

Mike Forsyth

“Super helpful and timely. This is our first year with them and we look forward to trusting them with our taxes and business books for years to come.”

Caitlin Daulong

“Molen & Associates is amazing! They run an incredibly streamlined process, which makes filing taxes a breeze. So impressed with their attention to detail, organization, and swift execution every year. Cannot recommend them enough!”

Sy Sahrai

“I’ve been with Mr. Molen’s company for few years and I felt treated like family respect and dignity. They are caring, professional and honest, which hard to find these days. Love working with them.”

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