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Advance Child Tax Credit

Here’s how a taxpayer’s custody situation may affect their advance child tax credit payments   COVID Tax Tip 2021-147, October 5, 2021 Parents who share custody of their children should be aware of how the advance child tax credit payments are distributed. It is important to remember that these are advance payments of a tax credit […]

Summer Activity that May Affect Your Tax Return!

Things people do during the summer that might affect their tax return next year IRS Tax Tip 2021-102, July 15, 2021 It’s summertime and for many people, summertime means change. Whether it’s a life change or a typical summer event, it could affect incomes taxes. Here are a few summertime activities and tips on how […]

Changes to the Child Tax Credit

With the recently enacted American Rescue Plan, there were changes made to the child tax credit that may benefit many taxpayers, most notably: The amount has increased for certain taxpayers The credit is fully refundable The credit may be partially received in monthly payments The qualifying age for children has been raised from 16 to […]

Delayed Tax Refunds

If you’re one of the millions of Americans waiting patiently for your 2020 federal tax refund, I sympathize with you. This tax filing season has been one like never before and I am hearing from many of you wondering why you haven’t received your payment yet. There are several reasons for the delays, but I […]

Third IRS Stimulus Payment

Here Is How the Third Economic Impact Payment Is Different From Earlier Payments The third Economic Impact Payment is different from the first and second payments in several ways. The third Economic Impact Payment is an advance payment of the 2021 recovery rebate credit. The two earlier payments are advance payments of the 2020 recovery […]

Business Changes due to ARPA

The recently passed American Rescue Plan Act has made substantial changes to issues concerning your business. The following represents items that not only require your attention, but most importantly, your planning for these changes. They include: Payroll tax credits. The paid sick leave and family leave credits are extended to apply to wages paid through September […]

Individual Tax Changes under ARPA

The American Rescue Plan Act of 2021 (ARPA), signed by President Biden on March 11, 2021, is the latest major legislation that provides economic relief and stimulus, both tax and non-tax, during the Covid-19 pandemic. As tax law is moving very quickly in 2021, we wanted to make you apprised of these changes. Individuals Recovery […]

Covid 19 Office Policy

We value the health of all of our clients, our employees, and their families. Many of our clients are elderly, or care for elderly family members, or others whose immune systems may be compromised. We are no longer accepting in-person tax preparation appointments until it is safe to do so. Instead, all clients may mail […]

Press Release

Contact: John Michaels (202) 822-0728 jmichaels@naea.org  For Immediate Release Alabaster Tax Practitioners Attends National Tax Practice Institute™ Washington, D.C. – 8/3/17 — In order to stay up-to-date on the latest changes in tax regulations, Cris Nelson, EA, and Kenyatta Ector, EA. attended the three-day National Tax Practice Institute® in Las Vegas, July 31 – August […]

Tips to Know for Deducting Losses from a Disaster

The IRS wants taxpayers to know it stands ready to help in the event of a disaster. If a taxpayer suffers damage to their home or personal property, they may be able to deduct the loss they incur on their federal income tax return. If their area receives a federal disaster designation, they may be […]