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All Returns Have More Complexity & More Tax Saving Opportunities

There has been several major pieces of tax legislation in the last 13 months:


Tax Legislation Of The Last 12 Months

Families First Coronavirus Response Act - March 14, 2020

CARES Act - March 27,2020

Consolidated Appropriations Act of 2021 - December 27, 2020

American Rescue Plan Act of 2021 - March 11, 2021


Even simple 1040s have much more things to consider:


Personal Returns

Stimulus Check Reconciliation & Optimization

COVID Retirement Distributions

Return of RMD

Unemployment Compensation non taxable (as of 3/2021)

Health Care Premium Tax Credit

Charitable Contributions for Non-Itemizers

Self-Employment Tax Deferral Option


This doesn't even touch on all the business tax provisions.


We are urging patience to all of our clients so that we can be sure we are understanding and digesting all the available pieces of COVID-relief provisions that benefit our clients.


Thank you,

Pearson & Cmerek, PC






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