Tax Season Is Upon Us!

Hello! It's that time again! Tax Season is here and your compliance is required. This message is filled with vital information about tax season. Read in its entirety and govern yourself accordingly!

We look forward to supporting you this tax season!

The tax prep filing guide outlines HBS procedures and policies for tax filing through us. It is imperative this guide is read, as we are confident it will help out clients and the overall tax filing process. Click image to download the file in The Hub!

How to Access Tax Organizers? Watch video tutorial!

IRS Notices ARE NOT TRASH!

You got a IRS letter or notice. Ok. Stop, breathe, and relax! Don't you throw that letter in the trash! IRS Notices/Letters are NOT TRASH! They require you to open them, read them, take whatever action(s) may be necessary, provide them to your accountant/tax preparer, and KEEP them.

Be on the lookout for these notices and give them to your tax preparer when filing this year's taxes:

IRS Letter 6419 - The IRS plans to send this important notice in late January to those who received Advance Child Tax Credit payments in 2021. This letter includes the total amount of advance child tax credit payments taxpayers received in 2021 and the number of qualifying children used to calculate the advance payments.
IRS Letter 6475 - The IRS will begin issuing Letter 6475, Your Third Economic Impact Payment, to EIP recipients in late January. This letter will help Economic Impact Payment recipients determine if they are entitled to and should claim the recovery rebate credit on their 2021 tax returns when they file in 2022.

Again, no need to panic and DO NOT throw IRS correspondence in the trash!

Steps to Take Now to Get a Jump on Your Taxes!

Take some time to visit the IRS to review some key step you can take now to make your tax season easier for you and for HBS!

Be sure to keep up with us!