Blog | PK Accounting LLC

The Earned Income Tax Credit (EITC

The Earned Income Tax Credit (EITC) has been an important financial benefit for low- to moderate-income workers since 1975. It is...

Tax Refunds and the Statute of Limitations

Did you know that there's a statute of limitations on tax refunds? That's right, if you're due a refund, you have three years from the...

The Perils of Filing Late

Let's face it, dealing with taxes is never any fun. But one thing you definitely don't want to do is file your taxes late. If you're...

What to Do if You Haven't Filed Your Tax Return

Even if you can't pay the taxes you owe, it's important to file your return on time. The IRS has a number of payment options available to...

1040 or 1040 Non-residence? Which Tax form you need to file?

You are a resident for tax purposes if you were a lawful permanent resident (immigrant) of the United States at any time during 2020. In...

Taxpayers should check out these tips before choosing a tax preparer

We recently received multiple calls from clients who would like us to help with notices of assessment from either federal and state. We...

Taxpayers will soon be able to file amended tax returns electronically

Later this summer, for the first time taxpayers will be able to file their Form 1040-X, Amended U.S Individual Income Tax...

I am taking a temporary position 12 months in California. Would I be able to keep non-resident sta

You need to check the current multi-state taxation rules and the issue of whether or not your activity creates nexus in California. If...

After Covid 19 stay at home advisory,I asked my employees returned to work but they are still colle

Your employees can still collect partial unemployment if their working hours are cut.They just need to report earnings and let...

How to have a no-stress tax year.

Now is a good time for people to begin thinking about next year's tax return. While it may seem early to be preparing for 2021, reviewing yo

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