IRS postpones April 15 tax filing deadline to May 17

The IRS is postponing the deadline for all individual tax returns. Returns otherwise due April 15 will not have to be filed until May 17 this year. The postponement applies only to individual taxpayers, who can postpone their federal income tax...

Request a copy of filed 1040 or 1040 transcript with these IRS forms

Filers may seek a copy of a previously filed 1040 federal tax return in two ways: Request a copy of the tax return as filed (Form 4506).  This request will provide an exact copy of what filed and the return...

Larger Loans And Other Changes to PPP Rules For Sole Proprietors And Independent Contractors

New rules to the Paycheck Protection Program (“PPP”) were announced that raised loan limits for sole proprietors and independent contractors. In an Interim Final Rule announcement on Wednesday, March 3, 2021, the SBA issued new rules which provided a number of...

IRS reminds businesses to report large cash transactions; e-file encouraged

The Internal Revenue Service today reminds businesses of their responsibility to file Form 8300, Report of Cash Payments Over $10,000, and encourages e-filing to help them file accurate, complete forms.  To help businesses prepare and file reports, the IRS created...

IRS CP59 Notices Possibly Sent in Error to Taxpayers

  • February 23, 2021
  • Maria Montie, CPA, MST, CVA, MAFF

Earlier this month, the IRS issued notices to approximately 260,000 taxpayers stating they haven't filed their 2019 federal tax return. These notices, referred to as CP59 notices , are issued yearly to identified taxpayers who have failed to file tax...

Happy 30th Anniversary, ShindelRock!

We're proud to celebrate 30 years serving our clients in 2021!  Co-founder Steve Rock remembers: "ShindelRock was formed by two hard working CPAs who wanted to go to work every day and just enjoy doing their job, build a successful business...

Qualified disaster relief payments can be used for employees’ COVID-19 pandemic expenses

The past year has seen an unprecedented number of formerly office-bound employees reclassify as work-from-home.  For some, this change will be temporary, but employers who choose to reimburse employees for work-from-home expenses like office supplies and technology upgrades may make...

There’s more than just taxes to consider when choosing a retirement location

If you are nearing retirement age, a move to warmer climates or nearer to relatives might be in your plans.  While lists of the "best" places to retire and rankings based on how states tax retirees are plentiful, and can be...

Business owners may be eligible to request an increase to already-distributed PPP1 Loan

With the recent changes to the first distribution of the Paycheck Protection Program (PPP1) rules, the following situations may allow for PPP1 recipients to be eligible for an increase to the amount they originally received: EIDL Grant Reduced PPP1 Forgiveness...

Catch ShindelRock’s Tax Tips for Business Owners on WJR-AM Radio

ShindelRock partner Maria Montie will be on WJR every weekday during tax season with helpful tax tips for small business owners. The first one runs this week: