Take Charge Bookkeeping LLC - Callie D. Iversen, CPA

02/20/2025

BOI reporting requirements are back in place.

A FinCEN alert said it would provide an update before “any further modification” of the reporting deadline, “recognizing that reporting companies may need additional time to comply with their BOI reporting obligations once this update is provided.

06/09/2022

For the final 6 months of 2022, the standard mileage rate for business travel will be 62.5 cents per mile.

05/19/2022

I cannot stress enough the importance of reconciling your bank statements monthly. Today I discovered a fraudulent check on my own checking account! This could have gone undiscovered without reconciling monthly. Most people think fraud only happens with electronic transactions but this was actually a fictitious paper check.

01/05/2022

https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMjAxMDUuNTEyNjIwNzEiLCJ1cmwiOiJodHRwczovL2dvLnVzYS5nb3YveHQzbW0ifQ.hVDqrPcHPZyOsTBqau1lYyNLkeCYeRVSfwZUqKwj4cM/s/516319667/br/124126787589-l

COVID Tax Tip 2022-03, January 5, 2022 — The IRS started issuing information letters to advance child tax credit recipients in December. Recipients of the third round of the Economic Impact Payments will begin receiving information letters at the end of January.

04/07/2021

https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzIsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMTA0MDcuMzgzNjk2NzEiLCJ1cmwiOiJodHRwczovL2dvLnVzYS5nb3YveEh4OW4ifQ.x_hES1A2cR9hNf-RPsHPfPGefCjgMSov1rHkWOZ2UJA/s/516319667/br/101599001035-l

COVID Tax Tip 2021-45, April 7, 2021

02/19/2021

The IRS this week issued the following statement:

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 returns due the prior calendar year (Tax Year 2019). Due to pandemic-related shutdowns, the IRS has not completed processing all 2019 returns at this time. Therefore, the CP59 notices should not have been sent because some portion of the recipients may have filed a return that is still being processed. People who filed their 2019 returns but nevertheless received the CP59 notice can disregard the letter and do not need to take to take any action. There is no need to call or respond to the CP59 notice because the IRS continues to process 2019 tax returns as quickly as possible. The IRS regrets any confusion caused by this mailing. The IRS encourages those who have yet to file their 2019 return to promptly do so.

12/11/2020

Make sure to use the Tax Exempt Organization Search tool on IRS.gov to confirm your charity qualifies for this special tax deduction.

https://www.irs.gov/about-irs/special-tax-deductions-available-this-year-for-cash-donations-to-charities-irs-works-to-raise-awareness

This year there’s a special tax deduction available for them through Dec. 31, 2020 for cash donations up to $300 to qualifying charities.

08/11/2020

https://lnks.gd/l/eyJhbGciOiJIUzI1NiJ9.eyJidWxsZXRpbl9saW5rX2lkIjoxMzMsInVyaSI6ImJwMjpjbGljayIsImJ1bGxldGluX2lkIjoiMjAyMDA4MTEuMjU1Mjc1NDEiLCJ1cmwiOiJodHRwczovL2dvLnVzYS5nb3YveGZ2VTkifQ.gJpMmRYvdKiAfiCgqrzJqir_yUctEs57Fr-Ia8zZec8/s/516319667/br/82194287085-l

Tax Tip 2020-100, August 11, 2020

04/01/2020

Please call to schedule an appointment if you have questions about the new CARES ACT and how it impacts you, or would like assistance in completing any COVID-19 related documents. More guidance is coming out every day so I will help the best I can. 605.494.0344. Thank you! Stay healthy...

03/26/2020

When the Corona Virus finally exhausts itself and the danger is over, let's do something good for our country, Let's spend our vacation in the USA, eat in local restaurants, buy American products, buy local meats and veggies and get that Auto repaired. Support local businesses. These businesses are going to find it very difficult to get back on their feet and survive without our help. They're suffering badly now.
Our products are some of the best in the world. This country is one of the most beautiful.

🇺🇸 Copy and paste if you agree 🇺🇸

03/18/2020

Notice 2020-17; Payment relief on account of Coronavirus Disease 2019 (COVID-19) emergency. The Treasury Department and IRS are extending the due date for Federal income tax payments due April 15, 2020, to July 15, 2020, for payments due of up to $10 million for corporations and up to $1 million for individuals - regardless of filing status – and other unincorporated entities. Associated interest, additions to tax, and penalties for late payment will also be suspended until July 15, 2020.

12/13/2018

http://links.govdelivery.com:80/track?type=click&enid=ZWFzPTEmbWFpbGluZ2lkPTIwMTgxMjEzLjk5MDQ0MjExJm1lc3NhZ2VpZD1NREItUFJELUJVTC0yMDE4MTIxMy45OTA0NDIxMSZkYXRhYmFzZWlkPTEwMDEmc2VyaWFsPTE3MjIwMTA2JmVtYWlsaWQ9Y2RtOEBsaXZlLmNvbSZ1c2VyaWQ9Y2RtOEBsaXZlLmNvbSZmbD0mZXh0cmE9TXVsdGl2YXJpYXRlSWQ9JiYm&&&141&&&https://go.usa.gov/xPh5C

Tax Tip 2018-193, December 13, 2018