The CARES Act unlocks critical relief for individual taxpayers who are in need of an economic lifeline amid the COVID-19 pandemic. Recovery Rebate for Individual Taxpayers The CARES Act includes a provision offering a one-time “2020 recovery rebate” of … Continue reading
Category Archives: Tax Preparation
4 April 2020
The CARES Act: An Overview for Individuals
27 March 2020
Resources to Help Navigate the Impacts of COVID-19
Erock Tax has compiled a list of resources for you and your business that we hope you will find helpful as we all navigate through the impacts and changes transpiring from the COVID-19 outbreak. We’ve included information on the federal … Continue reading
21 March 2020
IRS Extends Tax Filing & Paying Deadline to July 15
The IRS recently announced that they extended the federal tax filing deadline to July 15, 2020, three months after the normal April 15, 2020 deadline, to give all individuals and businesses an extra 90-day extension to file their returns. The … Continue reading
24 February 2020
Top 5 Real Estate Tax and Accounting Mistakes
Even some of the savviest real estate brokers can get trapped in the most common accounting mistakes. There’s a similar thread of accounting mistakes woven throughout the real estate industry that creates challenges and complications come tax time. Many of … Continue reading
10 January 2020
Top 10 Tax Deductions for Small Businesses
As we gear up for tax season and another round of the tax-reform era, here’s what small businesses need to know about tracking and deducting their eligible business expenses. Everything adds up, so be sure to organize and plan accordingly; … Continue reading
7 January 2020
Important Tax Deadlines in January
Most of us are familiar with the matriarch of all tax days—April 15—but there’s other federal tax deadlines to be aware of as well to stay in compliance with the IRS. January 15 – 4th Quarter Estimated Taxes If you … Continue reading
18 September 2019
What should I do if I owe Money to the IRS?
When working with tax clients, it is important they understand the difference between the filing of their tax returns and the paying of the tax due on these returns. These two tasks are mutually exclusive and we certainly get the … Continue reading
11 September 2019
What do I do if I am behind a few years in filing my Income Taxes?
This is a very popular question in our tax office and we get it often. “I have not filed my taxes for three years. Am I in trouble or what should I do?” Well, it is important to understand your … Continue reading
5 September 2019
I filed my Income Tax Extension but when is my Tax Return Due?
We get many questions each year around this time that go like this: “OK Stu, I know you filed an extension for my business and personal returns, but when are the filings due?” This is a BUSY time of year … Continue reading
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