URGENT notice: W-2 and 1099 filing due by January 31st. The date for Filing 2020 W-2’s and 1099’s for non- employee compensation (box 7) is January 31st 2021. There are stiff penalties for missing this due date. Penalties for Late or Incorrect W-2s Penalties are assessed based on the date when a correct W-2 is filed […]
Our new office will be at 70 County Rd C W Suite 702 Roseville, MN 55117 Scheduled appointments begin Jan 26!
Healthcare Premium Credits and Penalties REMEMBER bring Form 1095-A if you purchased health insurance through the State market exchange. You will need to know the Adjusted Gross Income of anyone you claim as a dependent to figure the credit. It is best to arrange an appointment to complete your family’s tax returns in the same setting. If […]
Healthcare Premium Credits & Penalties The IRS has increased penalties on tax preparers to as much as $2,080 per return for the failure of due diligence in claiming Head of Household, Earned Income Credit, Child Tax Credit, and American Opportunity (Education) Credit. Please bring any documentation that shows your children live with you and can […]
1099s The IRS has been increasing pressure for businesses and rental property owners to comply with the reporting requirements. Penalties have increases and the business and rental schedules ask if you are required to file 1099s; and if you have, or will do so. A 1099-Misc is required to report amounts paid for services of […]
W-2s If your business paid wages you must prepare each wage earner a W-2 and submit it with cover form W-3 to The Social Security Administration by February 28th. W-2 should be sent to each recipient by January 31st. Like 1099s the W-2s must be machine readable and legibly entered on the red inked forms. […]
We have a new permanent location! Deziel’s Tax Service 70 County RD C WSuite 702Roseville MN 55117 Our location is on the boundary with Little Canada, and many folks refer to it as Little Canada, including the owners of our building, who named it Little Canada Professional Building. However, the USPS and Google insist it […]
We collect information we receive from you on applications, tax organizers, worksheets and other items you provide. We do not disclose any nonpublic personal information about our customers or former customers to anyone unless required to by law. On very rare occasions we may have to send a tax return to our software provider, Softax, […]