Durham & Durham, Inc.
Tax Preparation, Consultation, & Accounting

If you sold goods or services & received payments through certain payment apps or online marketplaces you may receive a Form 1099-K.

Create strong passwords so that it's more difficult for cyber criminals to access your personal information.

The average fee for individual Form 1040 with the standard deduction, plus a state income tax return, was $220.

Forms 1099K will be sent to many taxpayers who won't expect one & may not have a tax obligation.

Mobile Payment income reporting has changed to totals exceeding $600.

New in 2021 you may take a $300 (Single/HOH) or $600 (MFJ) deduction in cash contributions to a qualified organization if you don’t itemize.

The 2nd Advanced CTC Payment is scheduled to be issued Friday 8/13/21.

Businesses can claim 100% of their food or beverage expenses paid to restaurants.

The Child Tax Credit per qualifying child has increased to $3,600 for children ages 5 & under; and $3,000 for children ages 6 -17.