Moller Income Tax Services

It is almost that time! We are taking and scheduling appointments and consultations now for 2021 tax season! 518.527.0321 ask for Matt New and existing businesses call or schedule for bookkeeping or start up/set up services

New updates on the new Child tax credits that could be distributed on a monthly basis to parents based on the new American Rescue Plan. Info below from CBS news

For my clients that have already filed their 2020 personal income tax returns and had unemployment compensation, the federal government has issued a change where they are waiving up to just over $10,000 of unemployment compensation against your 2020 taxable income. Over the next few weeks I will be reaching out to my clients who had unemployment and filed and for a small fee I can amend your filed taxes and claim a refund on your already filed taxes. Reach out to me directly to expedite the amendment process as I need to go through my entire efiled client list and see who had unemployment which will take a few days. Basically any tax you paid on up to 10k of your total taxable income will be refunded to you if you file amendments

Tax Tip related to Economic Stimulus payments from the 2020 tax year: if you have had any teenagers that range from 17-21/22 years of age that you (married or head of household ) claimed as dependents on your prior year income tax returns(2019 or 2018 if you did not file 2019) they may be eligible to claim and recover up to $1,800 for the 2 Economic Impact Payments from 2020 on the taxpayer’s current 2020 tax returns. Check with your tax professional if your son or daughter could be effected! Also if you did not receive any of the 2 stimulus payments, if you qualify you also could recover the payments as tax credits on your 2020 income tax return for the IRS

Don’t forget you can claim your covid stimulus payment recovery credit for any part of stimulus payment you didn’t receive on your 2020 taxes Economic stimulus payment 1: $1,200 per adult in house $500 per child in house... (Can be prorated depending on higher 2018/1019 income tax returns) Economic stimulus payment 2: $600 per person claimed on your last filed tax return (non income adjusted) If you had a child born in 2020 this is the way you would claim the stimulus payments for newborn children. -Moller Income Tax Services Update

The Internal Revenue Service announced that the nation's tax season will start on Friday, February 12, 2021, when the tax agency will begin accepting and processing 2020 tax year returns

Google map of new office location at Degiulio's Brother's Flooring Office Plaza.... 661 State Hwy 29, Broadalbin NY, enter through right door of Flooring showroom, office to the right side when facing building. Can also find Carrero's All-Star Cuts in the back of the building Get a haircut or get your taxes done while waiting for one or the other! or shop around for some new flooring! ... https://www.google.com/search

New Office Location: 661 State Highway 29 Broadalbin, NY 12025... Hours Tuesday-Saturday 12:00-6:00pm or by Appointment