UNEMPLOYMENT UPDATE: The IRS announced that returns accepted prior to the unemployment compensation exclusion should NOT be amended. If your return was not yet submitted, we have calculated the return using the unemployment exclusion. No further action is required by you, the taxpayer.
ADVANCE PREMIUM TAX CREDIT: If you had health insurance through the Marketplace and had to repay any of the Advanced Premium Tax Credit, your return may change as well.Again, we will be in touch if we identify that your return would change due to this change in the tax code. Wood Accounting Services LLC has provided quality service to the public for over 25 years.
ADVANCE PREMIUM TAX CREDIT: If you had health insurance through the Marketplace and had to repay any of the Advanced Premium Tax Credit, your return may change as well.Again, we will be in touch if we identify that your return would change due to this change in the tax code. Wood Accounting Services LLC has provided quality service to the public for over 25 years.
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Mark Wontroba
Jul 10, 2020
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