2020 Year end Client Letter
Dear Valued Clients
I hope this letter finds you and your family well. This newsletter is designed to give you some information that I will need to timely process your 2020 tax return. This tax season will be similar to the end of last tax season. I ask that you either mail in your information or drop off in the secure outside drop box or leave on the bench in the entrance way. I sterilize these things often for your protection. I will have limited in office appointments and be available over the phone for conferences and am able to do video chats if you prefer. Please call ahead to schedule an appointment if needed. I am trying to make things easy and safe for everyone.
My office hours are 9:00am – 4:00pm Monday thru Friday, and Saturdays from February 06 to April 03 9:00am – 1:00pm. Other appointments and conference times available upon request. I will send most forms thru DocuSign for electronic signature to speed up the filing and processing of your tax returns. For those who prefer hard copies that can be accommodated as well.
My website is up and running with a client portal available to upload and receive documents. Please let me know if you would like a portal set up with access. This makes information exchange, especially corporate clients and out of towners, easier. Digital copies of tax returns can be made available here as well.
Most of you would have received the “Stimulus Check” over the summer. In some instances, this could be less than the amount you may have been owed and I can determine if there is any additional amount owed to you on your 2020 tax return. Please make sure to include how much you actually received with your tax documents and if you have the letter stating such even better.
There also is a new question that the IRS requires be answered this year. They want to know if you have done any virtual currency dealings so I will need to know that. Please also include copies or write down the information for new driver’s licenses including the document number to e-file your tax return. There is also a new deduction for charitable donations that you may claim without itemizing on your tax return. Be sure to include those amounts and note that you have the required receipt and documentation to deduct them.
For business clients, along with your normally submitted information for processing please be sure to include PPP loan information. This would include the loan documentation, forgiveness date and amount of loan. I will also need to know if you received either the EIDL advance grant or loan, how much it was for, and the loan number.
Feel free to contact me with any questions or concerns. I look forward to working with you again this year.
Christopher Denesha, EA