Talking 2020 Taxes
By Madisson Haynes
After a one-month extension, the federal income tax filing deadline is May 17. The process includes obtaining any relevant financial documentation and filing it with the government. There s paperwork involved and a few different ways you can file your taxes, and we thought we d be able to provide some guidance on a few of those issues.
For those new to filing taxes, unsure about the process or to people who just have a curiosity for the industry, check out these eight videos below.
Tax Forum 2021: An Unprecedented Tax Year
Tax Forum
If you re looking for specific 2020 tax information, expert CPAs Gregory Porcaro and Patricia Thompson discuss the challenges of filing personal and business taxes for tax year 2020 against the backdrop of government support programs and direct payments during the COVID-19 pandemic. This knowledge is courtesy of Tax Forum.
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Filing taxes is never easy. And for many Americans, it’s even more complicated this year.
Between mid-season changes to the tax code, multiple stimulus packages, and filing extensions, there are plenty of big-picture challenges. And if you had weeks of pandemic-related unemployment benefits to account for or you bought a house or refinanced in 2020 amid historic low rates, your individual return may be more difficult than usual, too.
Other work involves constructing additional shelter-bed spaces, common-area updates and general building maintenance. Due to the technical nature and size of the renovation, materials alone for the project are estimated to cost upwards of $200,000, double the typical renovation cost taken on by the organization. The renovation does not include the cost of replacing kitchen fixtures and appliances, which will be borne by the Salvation Army. HeroWork partners with up to 200 companies and more than 700 volunteers to work on infrastructure updates needed by non-profit organizations in what they call Radical Renovation projects. In the past decade, the group has completed $1 million of renovations for non-profits in the region.
Emergency Preparation Supplies Sales Tax Holiday underway Starting Saturday, you can purchase certain emergency preparation supplies tax free during the sales tax holiday. (Source: KTRE) By Jeremy Thomas | April 24, 2021 at 6:35 PM CDT - Updated April 24 at 6:35 PM
LUFKIN, Texas (KTRE) - This weekend, Texans will have a chance to stock up on emergency supplies, tax-free.
Starting Saturday, you can purchase certain emergency preparation supplies tax-free during the sales tax holiday.
Those supplies include but are not limited to batteries, flashlights, smoke detectors, ice chests, and portable generators.
According to the Texas Comptroller’s Office, there is no limit on the number of qualifying items you can purchase, and you do not need to give an exemption certificate to claim the exemption.
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