Four Reasons that your Stimulus Payment is Delayed

Is your stimulus payment missing our delayed? We’ve got four reasons for you why that could be the case. 

Looking to make a tax appointment? Let’s get started right now!

1. A DEBTOR IS COLLECTING

Unfortunately, Congress did not protect stimulus payments from collections from private debtors with the CARES act. If you do have a debt, there is a chance it could have been collected on or garnished. LUCKILY, back taxes owed won’t impact your stimulus payment.

2.YOU ARE BEHIND ON CHILD SUPPORT

The Treasury Department may withhold back child support payments from your stimulus if you owe.

3. YOU DO NOT HAVE A PROPER BANK ACCOUNT OR ADDRESS ON FILE WITH THE IRS

The IRS bases your stimulus direct deposit or check based on your last filing. If you have an incorrect address on file, you will need to file a change of address with the IRS. Forrest Tax can help you file this government form.

4.YOU FILED YOUR TAXES WITH H&R BLOCK OR A SIMILAR SERVICE

Unfortunately for some people who filed taxes with H&R Block, TurboTax and Jackson Hewitt, a glitch has prevented timely stimulus payment. It’s yet another reason to file with a local tax preparer who always has your best interest in mind–Forrest Tax!

3 Ways for a Business to Lower their 2020 Tax Bill

3 Ways for a Business to Lower their 2020 Tax Bill

The end of the fiscal year is coming. Are you ready, or are you feeling some kind of way? Well, you can put down the paper bag for a moment because we've got some blood-pressure reducing tips for you on how to act now to reduce your tax bill!   Consider Billing...

Generating More Income in the 4th Quarter

Generating More Income in the 4th Quarter

Ready to make some sparks fly this last quarter? It's gonna take some work. But, when things are normally in a slight downturn or you're rushing to meet your end of the year goals or holiday bonuses (especially during a pandemic) you can still make a big difference in...

Harness the Power of the Quarterly Review for your Business

Harness the Power of the Quarterly Review for your Business

A lot of things seem a little more "doable" when they are broken into chunks...that goes for chores, workdays, and business quarters! But, sometimes the daily whirlwind of business keeps you spinning with to-do lists, unbalanced accounts and goals that never seem to...

7 Ways to Be More Productive in Your Business

7 Ways to Be More Productive in Your Business

Look, squirrel! Does your brain work a little bit like a golden retriever Monday-Friday? Well, you're not alone. Entrepreneurs and business owners are highly creative people who are excellent at multi-tasking, but sometimes getting pulled in one million different...

Three Things to Prepare as You Get Started with Bookkeeping

Three Things to Prepare as You Get Started with Bookkeeping

Is it finally time to hire someone to manage your books? Woohoo! You must be growing! And for that, we congratulate you. Or, perhaps you're looking one step ahead, and even if you're not QUITE certain it's the right time, you know that, in order to really grow your...

Payroll Pains

Payroll Pains

Let's set the scene: It's nearing the end of the week. You're feverishly trying to finish your payroll. With a cup of cold coffee and a phone ringing off the hook. Did you get Tom's overtime right? With everything going on at work today, you're REALLY hoping you don't...

Why is a tax TEAM the best choice?

Why is a tax TEAM the best choice?

In the past, perhaps before owning a business, you may have done your taxes yourself. Or, you might have utilized a family friend that prepared things for you on the cheap. And, while we understand the seasons of life and the decisions each person might need to make...

Still haven’t filed? Here are 3 Reasons to Choose Forrest Tax!

Still haven’t filed? Here are 3 Reasons to Choose Forrest Tax!

So...you haven't filed your taxes yet. And maybe, with our current state of affairs and the state and federal tax deadline extended into July, you don't feel rushed. (Find more on that topic at our Facebook page!) You might be a small business owner, stressing over...

Essential Functioning Hours During COVID-19 Executive Order

Essential Functioning Hours During COVID-19 Executive Order

On March 23rd, 2020 the State of Michigan signed Executive Order 2020-21 regarding COVID-19. This order has limited the operations of non-essential businesses in the State. As a financial service business, we are deemed to be an essential business and will remain open...

US Moves Tax Deadline to July

US Moves Tax Deadline to July

The United States is moving the tax deadline to July 15th, 2020, per an announcement today by US Treasury Secretary Steven Mnuchin. The decision was made to help relieve the financial burden from the impact of the COVID-19 pandemic, however, US officials advise folks...

Mark Your Calendar–Key Dates for the 2019 Tax Season

Mark Your Calendar–Key Dates for the 2019 Tax Season

Whether you’re a bullet journaler or iCal person, Outlook user or whiteboard preferrer, these are the dates you’re going to want to know for completing your 2019 taxes.  ********************************* January 31, 2020 Deadline for W2s to be Mailed by an Employer...

Ashley Forrest’s Guide for Lending Money to Family Members

Ashley Forrest’s Guide for Lending Money to Family Members

Family can take so many different forms these days, whether it's biological or otherwise, but for a certain segment of my West Michigan clientele, there is a particular privilege that might kick in this week:The parent tax.If you have children, what better way to...