Probably not a good year for do-it-yourselfers

Ferrone & Associates CPAsBlog

Federal filing and payment deadlines have been delayed. Will the states delay filing deadlines also? New security concerns about scammers that are after the/your Economic Impact Payments (EIP). New EIP & Child Tax tax credits and payments are taking effect. (How much & when are you entitled to receive?)  Retroactive unemployment payments face problems sorting out the reporting requirements. AND the IRS is behind on processing income tax returns, which means refunds will be delayed. It’s a bit overwhelming, is’t it! Avoid the stress and confusion and use a trusted CPA (like us!) to take taxes off your plate.