Pamela R McKinney CPA

Pamela R McKinney CPA We provide tax services for all businesses, bookkeeping services, notary services, sales tax preparat

Shout out to Hemptation Station, thank you for choosing us as your business of the day! Your extensive selection of refr...
08/14/2024

Shout out to Hemptation Station, thank you for choosing us as your business of the day! Your extensive selection of refreshing drinks, including sugar-free options, really impressed us. The perfect way to recharge after lunch, cheers!

10/07/2021

Liberty Tax in Inverness and Dunnellon are looking for seasonal Tax Preparers. Weekly pay and tax season bonuses. Come work with a great team! Full time or Part Time, your choice. Hourly payrate based on experience. Call 352-584-1498 for an interview.

09/20/2020

OCTOBER 15TH
Just a reminder, all personal tax returns on extension are due by October 15th and can be efiled, so if you haven't filed your 2019 tax return or have any questions, please contact our office
352-344-8042

TAX SCHOOLTax School is starting October 5th for 8 weeks, 2 days per week, 3 hours per day at all of our locations: Ocal...
09/12/2020

TAX SCHOOL
Tax School is starting October 5th for 8 weeks, 2 days per week, 3 hours per day at all of our locations: Ocala, Dunnellon, Leesburg and Inverness; Price for tuition and books $149.95
Please call me 352-584-1498 or message me if you are interested in learning to prepare taxes!

09/12/2020

Third quarter estimated tax payments due Sept. 15
The IRS reminds the self-employed, investors, retirees and others with income not subject to withholding that third quarter estimated tax payments for 2020 are due Sept. 15. Taxes are paid as income is received during the year through withholding from pay, pension or certain government payments such as Social Security or unemployment; and/or making quarterly estimated tax payments.

09/12/2020

IRS to contact estimated 9 million non-filers, urge them to claim Economic Impact Payment by Oct. 15
The IRS will start mailing letters later this month to roughly nine million Americans who typically do not file federal income tax returns who may be eligible for, but have not registered to claim, an Economic Impact Payment. The letters will urge recipients to register at IRS.gov by October 15 to receive their payment by the end of the year. Individuals can receive up to $1,200, and married couples can receive up to $2,400. People with qualifying children under age 17 at the end of 2019 can get up to an additional $500 for each qualifying child.

09/08/2020

ESTIMATED TAX PAYMENTS
Did you know that if you expect to owe $1,000 or more when you file your tax return, you should be making quarterly estimated tax payments to the IRS? This is for all tax payers whether individuals or businesses. If you feel you may need to make a quarterly payment to the IRS please get in touch. The next payment is due September 15th.

08/24/2020

Coronavirus Tax Relief: 2019 tax refund interest
Nearly 14 million individuals who filed their 2019 federal income tax returns on time and received refunds will receive interest on the refunds. Most taxpayers who received their tax refunds by direct deposit will have their interest payments direct deposited in the same accounts.

08/15/2020

IRS takes new steps to ensure people with children receive $500 Economic Impact Payments
The Internal Revenue Service continues to look for ways to help people who were unable to provide their information in time to receive Economic Impact Payments for their children. As part of that effort, the Internal Revenue Service announced today it will reopen the registration period for federal beneficiaries who didn’t receive $500 per child payments earlier this year.

The IRS urges certain federal benefit recipients to use the IRS.gov Non-Filers tool starting Aug. 15 through Sept. 30 to enter information on their qualifying children to receive the supplemental $500 payments.

Those eligible to provide this information include people with qualifying children who receive Social Security retirement, survivor or disability benefits, Supplemental Security Income (SSI), Railroad Retirement benefits and Veterans Affairs Compensation and Pension (C&P) benefits and did not file a tax return in 2018 or 2019.

The IRS anticipates the catch-up payments, equal to $500 per eligible child, will be issued by mid-October.

08/10/2020

WHAT'S IN PRESIDENTS TRUMP'S FOUR CORONAVIRUS RELIEF EXECUTIVE ORDERS?
$400 weekly federal supplemental unemployment aid on top of state unemployment; this $400 will replace the $600 additional that expired end of July

Assistance to Renters and Homeowners: federal efforts to help renters and homeowners avoid eviction or foreclosure for failing to make monthly payments. Trumps administration will identify available funds to provide temporary financial assistance to renters and homeowners who are struggling to meet their monthly rental or mortgage obligations as a result of the Covid 19 financial hardships.

Payroll Tax Holiday: Trump defers the payroll tax from Sept 1 to Dec 31, 2020 for employees making $100,000 or less a year. This is for social security and medicare withholding only; employees will need to repay the federal government once the tax holiday ends.(Trumps administration will determine at a later date how this will be repaid)

Extension of Student Loan Relief: Continued deferment on student loan payments and dropping the interest rate to 0% thru December 31st

Please call our office for any additional information or explanation
352-344-8042

08/07/2020

Did you know:
According to the IRS, unemployment benefits are taxable income. This means that any unemployment compensation that you receive from a state or the federal government must be included in your income and will be taxed at your ordinary income tax rate. This includes the additional $600 per week received due to Covid 19 layoffs; Make sure withholding is being taken from your unemployment benefits or that you are saving money to assist with year end taxes; Also, Unemployment Compensation is not Earned Income so does not qualify for Earned Income Credit

Contact our office with any concerns or questions.

Address

3433 E Gulf To Lake Highway
Inverness, FL
34453

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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