BARTHOLE CONSULTING - Tax, Accounting, Management Consulting

When the lemonade stand makes bank:

Teens and young adults often go into business for themselves. This work can include babysitting, lawn mowing, dog walking or other part-time work.

When anyone is an employee of a business, their employer withholds taxes from their paycheck.

However, when th...

2022 tax filing season begins Jan. 24

The Internal Revenue Service announced that the nation's tax season will start on Monday, Jan. 24, 2022.

April 18 tax filing deadline for most
The filing deadline to submit 2021 tax returns or an extension to file and pay tax owed is Monday, April 18, 2022,...

Have you filed your duly extended 2020 tax returns?
If not, here are upcoming deadlines you should be aware of:

September
For Partnership (Form 1065) and S-Corporate (Form 1120S) returns, if you timely requested a 6-month extension in March, file returns by midnight Wednesday, September 15, 202...

The Child Tax Credit Update Portal allows families to update direct deposit information or unenroll


The IRS recently upgraded the Child Tax Credit Update Portal to enable families to update their bank account information so they can receive their monthly Child Tax Credit payment.

The tool als...

WASHINGTON – To help taxpayers, the IRS will take steps to automatically refund money this spring and summer to people who filed their tax return reporting unemployment compensation before the recent changes made by the American Rescue Plan.

The legislation excludes only 2020 unemployment benefi...

IRS begins delivering third round of Economic Impact Payments to Americans

WASHINGTON – The Internal Revenue Service announced today that the third round of Economic Impact Payments will begin reaching Americans over the next week.

Following approval of the American Rescue Plan Act, the first...

WASHINGTON – The IRS announced today that, as required by law, all legally permitted first and second round of Economic Impact Payments have been issued and the IRS now turns its full attention to the 2021 filing season.

If individuals didn't receive a payment – or if they didn’t receive the ful...

HAPPY NEW YEAR!!!

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

The Feb. 12 start date for individual tax return filers allows the IRS time to d...

IRS issues standard mileage rates for 2021

WASHINGTON — The Internal Revenue Service today issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on Jan. 1, 2021, the stand...