Williams & Keckler, LLC

Williams & Keckler, LLC provides individualized services in the areas of tax, accounting and consult

Indiana will tax loan forgiveness, similar to other states 09/07/2022

Indiana will tax loan forgiveness, similar to other states

Indiana will tax loan forgiveness, similar to other states Indiana will tax student debt relief as income, reflecting similar policies in other U.S. states following the Biden administration's announcement of a forgiveness plan last month.

08/31/2022

Some Automatic INDIANA Taxpayer Refunds on the Way

Only those who filed an Indiana resident tax return for the 2020 tax year are eligible for both Automatic Taxpayer Refunds and will receive a payment in 2022. The Auditor of State’s Office (AOS) estimates it will take until mid-October to finish printing and mailing the 1.7 million additional refund checks generated by the refund.

Those eligible for only the $200 ATR will not receive a direct deposit or check. Although there were proposals that would have allowed eligible recipients to fill out a form to receive the second ATR as a direct payment, those bills did not pass. Instead, eligible taxpayers can claim the $200 ATR as a credit when filing their state taxes next year if:
* They receive Social Security benefits this year; and
* They are not claimed as a dependent on someone’s 2022 Indiana income tax return.
They will need to file a state tax return to claim the ATR as a credit even if they are not normally required to file a state tax return due to their income.

DOR will provide information on how to resolve Automatic Taxpayer Refund issues on our website on or around Nov. 1. You can subscribe to email updates and read more about Automatic Taxpayer Refunds though dor.in.gov.

COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being refunded to 1.6 million taxpayers | Internal Revenue Service 08/29/2022

COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being refunded to 1.6 million taxpayers | Internal Revenue Service

COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being refunded to 1.6 million taxpayers | Internal Revenue Service IR-2022-155, August 24, 2022 — To help struggling taxpayers affected by the COVID-19 pandemic, the IRS today issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late.

COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being refunded to 1.6 million taxpayers | Internal Revenue Service 08/29/2022

COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being refunded to 1.6 million taxpayers | Internal Revenue Service

COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being refunded to 1.6 million taxpayers | Internal Revenue Service IR-2022-155, August 24, 2022 — To help struggling taxpayers affected by the COVID-19 pandemic, the IRS today issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late.

Timeline photos 08/18/2022

Timeline photos

Automatic Taxpayer Refunds are on the way! Timing is affected by several factors outside control. Most $200 direct deposits will arrive by Aug. 24. More info: http://ow.ly/o2u750KmZr4

08/12/2022

Bills extend statute of limitation for prosecuting PPP, EIDL fraud
By Kevin Brewer
August 10, 2022

President Joe Biden signed two bills on Friday that give the federal government more time to catch and prosecute fraud related to two of the most popular COVID-19 small business relief programs — the Paycheck Protection Program (PPP) and COVID-19 Economic Injury Disaster Loans (EIDL).

The bills are:

H.R. 7352, the "PPP and Bank Fraud Enforcement Harmonization Act of 2022," which extends to 10 years the statute of limitation for fraud charges to be brought in connection with PPP loan applications. The law applies to first- or second-draw loans made under the program.
H.R. 7334, the "COVID-19 EIDL Fraud Statute of Limitations Act of 2022," which gives prosecutors 10 years to file fraud charges connected to loan applications from the COVID-19-related EIDL program, including EIDL advances and Targeted EIDL advances.
The bills specify that any criminal charge or civil enforcement action alleging that fraud was committed shall be filed not later than 10 years after the offense was committed.

"The American people deserve to know that their tax dollars are being spent as intended," Biden said via teleconference. "My message to those cheats out there is this: You can't hide. We're going to find you. We're going to make you pay back what you stole and hold you accountable under the law."

The bills passed Congress with bipartisan support.

In October 2020, the U.S. Small Business Administration's Office of Inspector General identified $78.1 billion in potentially fraudulent EIDL loans and grants paid to ineligible entities and another $6.7 billion in loans and grants linked to alleged identity theft.

Last year, the agency identified more than 70,000 PPP loans, totaling more than $4.6 billion, that were potentially fraudulent.

In March, Biden announced the appointment of a Justice Department special prosecutor for COVID-19 pandemic relief to prosecute related fraud cases.

Indiana Governor Signs Additional Automatic Taxpayer Refund Bill 08/11/2022

Indiana Governor Signs Additional Automatic Taxpayer Refund Bill

Indiana Governor Signs Additional Automatic Taxpayer Refund Bill On August 5, 2022, Indiana Governor Eric J. Holcomb signed a bill providing for an additional $200 automatic taxpayer refund for the 2021 taxable year.

Security Summit: Identity Protection PINs provide an important defense against tax-related identity theft | Internal Revenue Service 07/21/2022

Security Summit: Identity Protection PINs provide an important defense against tax-related identity theft | Internal Revenue Service

Security Summit: Identity Protection PINs provide an important defense against tax-related identity theft | Internal Revenue Service IR-2022-140, July 19, 2022 — The Security Summit partners today encouraged tax professionals to increase their efforts to inform clients about the IRS Identity Protection PIN Opt-In Program to help protect people against tax-related identity theft.

Employee Retention Credit Update 06/27/2022

Employee Retention Credit Update

Employee Retention Credit Update For those businesses and not-for-profit entities that haven’t considered eligibility for the Employee Retention Credit (ERC), there is still time.

04/19/2022

Both of our offices are closed today so our team can get a much-needed rest after tax season.

IRS continues work to help taxpayers; suspends mailing of additional letters | Internal Revenue Service 02/10/2022

IRS continues work to help taxpayers; suspends mailing of additional letters | Internal Revenue Service

IRS continues work to help taxpayers; suspends mailing of additional letters | Internal Revenue Service IR-2022-31, February 9, 2022 — As part of ongoing efforts to provide additional help for people during this period, the IRS announced today the suspension of more than a dozen additional letters, including the mailing of automated collection notices normally issued when a taxpayer owes additional ...

IRS announces transition away from use of third-party verification involving facial recognition | Internal Revenue Service 02/08/2022

IRS announces transition away from use of third-party verification involving facial recognition | Internal Revenue Service

IRS announces transition away from use of third-party verification involving facial recognition | Internal Revenue Service IR-2022-27, February 7, 2022 — The IRS announced it will transition away from using a third-party service for facial recognition to help authenticate people creating new online accounts.

02/04/2022

Our offices are closed this morning due to the weather and road conditions.
We may open this afternoon if conditions improve considerably.
Stay safe.

02/03/2022

Our Connersville office is closed today due to the weather.
Our Richmond office will be open a while this morning but will close by noon, as the snow continues.

Don't throw away this document. Why IRS Letter 6419 is critical to filing your 2021 taxes. 01/24/2022

Don't throw away this document. Why IRS Letter 6419 is critical to filing your 2021 taxes.

Don't throw away this document. Why IRS Letter 6419 is critical to filing your 2021 taxes. Many parents could toss a key tax-related letter from the IRS relating to child tax credit payments in 2021. Here's what IRS Letter 6419 looks like.

Timeline photos 01/16/2022

Timeline photos

In January, families will get an IRS letter noting the total amount of their Child Tax Credit payments to help them for tax season. It’s Letter 6419 - please keep it or visit the CTC Update portal on IRS.gov to see your payment amounts online → it’ll come in handy when you file your tax return. See www.irs.gov/getready

IRS updates FAQs for 2021 Child Tax Credit and Advance Child Tax Credit Payments | Internal Revenue Service 01/12/2022

IRS updates FAQs for 2021 Child Tax Credit and Advance Child Tax Credit Payments | Internal Revenue Service

IRS updates FAQs for 2021 Child Tax Credit and Advance Child Tax Credit Payments | Internal Revenue Service IR-2022-10, January 11, 2022 — The Internal Revenue Service today updated frequently asked questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit to help eligible families properly claim the credit when they prepare and file their 2021 tax return.

2022 Taxes: Solar Power and the Federal Tax Credit 01/11/2022

2022 Taxes: Solar Power and the Federal Tax Credit

2022 Taxes: Solar Power and the Federal Tax Credit Daily headlines remind us of how unreliable and vulnerable our traditional power grids are, which is why more and more accountants are exploring the possible taxpayer savings of solar power for their clients. When the sun’s rays beat down on solar ...

01/04/2022

December 15, 2021
INDIANAPOLIS-Governor Eric J. Holcomb announced an estimated 4.3 million taxpayers will receive a $125 refund after they file their 2021 taxes.

“Despite a pandemic, Indiana exceeded all expectations and closed the state fiscal year with an unprecedented amount in reserves,” said Gov. Holcomb. “We have an obligation to put this money back in the hands of taxpayers instead of leaving it in the hands of government.”

An estimated $545 million will be returned to Hoosiers after taxpayers file their 2021 state taxes. The Governor is working with leaders of the general assembly on legislation that will streamline the process and make an additional 910,000 taxpayers eligible for the credit. The typical taxpayer liability is approximately $1000. This payment represents a 12-13% one-time tax cut.

Once legislation passes, the Department of Revenue (DOR) will begin processing payments for taxpayers.

The form of taxpayer payments will be based on how the 2021return was filed. Taxpayers who apply for an extension will receive the payment after filing their return.

DOR expects to complete refunds for taxpayers filing by the April 18, 2022, filing deadline by May 1, 2022. Once the details are finalized DOR will provide additional information in 2022.

Timeline photos 01/04/2022

Timeline photos

Estimated tax payments are due this month! Reminder: Customers can now make estimated tax payments through INTIME, intime.dor.in.gov. Payments are due Tues., Jan. 18.

IRS issues information letters to Advance Child Tax Credit recipients and recipients of the third round of Economic Impact Payments; taxpayers should hold onto letters to help the 2022 Filing Season experience | Internal Revenue Service 01/03/2022

IRS issues information letters to Advance Child Tax Credit recipients and recipients of the third round of Economic Impact Payments; taxpayers should hold onto letters to help the 2022 Filing Season experience | Internal Revenue Service

Please provide these letter to our office along with your tax information. These are essential for timely and accurate preparation of your 2021 tax returns.

IRS issues information letters to Advance Child Tax Credit recipients and recipients of the third round of Economic Impact Payments; taxpayers should hold onto letters to help the 2022 Filing Season experience | Internal Revenue Service IR-2021-255, December 22, 2021 — The Internal Revenue Service announced today that it will issue information letters to Advance Child Tax Credit recipients starting in December and to recipients of the third round of the Economic Impact Payments at the end of January. Using this information when p...

Social Security’s Top 10 Web Pages for 2021 01/03/2022

Social Security’s Top 10 Web Pages for 2021

Social Security’s Top 10 Web Pages for 2021 There’s no better place to do your business with us or get answers than on our website. We’re always working to improve our web pages and add online services to better serve you. Here are our top 10…

12/15/2021

Williams & Keckler, LLC

Our offices will be closed Thursday, December 23rd & Friday 24th and also Thursday 30th & Friday 31st while our team enjoys the holidays.
Have a wonderful Christmas and a Happy New Year! 🎄🎉🎄🎉🎄

Williams & Keckler, LLC Send a message to learn more.

Most retirees must take required minimum distributions by Dec. 31 | Internal Revenue Service 12/09/2021

Most retirees must take required minimum distributions by Dec. 31 | Internal Revenue Service

Most retirees must take required minimum distributions by Dec. 31 | Internal Revenue Service IR-2021-245, December 8, 2021 — The IRS today reminded retirement plan participants and individual retirement account owners that payments, called required minimum distributions, must usually be taken by December 31.

11/23/2021

Both of our offices will be closed Thursday and Friday this week for the Thanksgiving holiday.
Happy Thanksgiving everyone

Get ready for taxes: Easy steps taxpayers can take now to make tax filing easier in 2022 | Internal Revenue Service 11/09/2021

Get ready for taxes: Easy steps taxpayers can take now to make tax filing easier in 2022 | Internal Revenue Service

Get ready for taxes: Easy steps taxpayers can take now to make tax filing easier in 2022 | Internal Revenue Service IR-2021-217, November 8, 2021 — The Internal Revenue Service today encouraged taxpayers, including those who received stimulus payments or advance Child Tax Credit payments, to take important steps this fall to help them file their federal tax returns in 2022.

Give tax withholding a fresh look as 2021 year-end nears | Internal Revenue Service 10/13/2021

Give tax withholding a fresh look as 2021 year-end nears | Internal Revenue Service

Give tax withholding a fresh look as 2021 year-end nears | Internal Revenue Service IR-2021-199, October 8, 2021 — The Internal Revenue Service reminds taxpayers today that the last quarter of 2021 is a good time to check withholding.

Will the 2022 Income Tax Season be Normal? 09/21/2021

Will the 2022 Income Tax Season be Normal?

Will the 2022 Income Tax Season be Normal? So will the 2022 tax filing season be normal? Not likely. In addition to lasting health concerns, a number of new tax law provisions will create complications for some filers, as well as potential pitfalls to avoid. And maybe new tax laws by year's end.

Stimulus Update: Missing Your September Child Tax Credit Payment? You Aren't Alone, According to the IRS 09/21/2021

Stimulus Update: Missing Your September Child Tax Credit Payment? You Aren't Alone, According to the IRS

Stimulus Update: Missing Your September Child Tax Credit Payment? You Aren't Alone, According to the IRS Missing your September Child Tax Credit payment? Don't panic. The IRS has confirmed that an issue is causing late payments for some people. Here's what we know so far.

IRS readies nearly 4 million refunds for unemployment compensation overpayments | Internal Revenue Service 07/16/2021

IRS readies nearly 4 million refunds for unemployment compensation overpayments | Internal Revenue Service

IRS readies nearly 4 million refunds for unemployment compensation overpayments | Internal Revenue Service IR-2021-151, July 13, 2021 — The Internal Revenue Service announced today it will issue another round of refunds this week to nearly 4 million taxpayers who overpaid their taxes on unemployment compensation received last year.

IRS: Monthly Child Tax Credit payments begin | Internal Revenue Service 07/16/2021

IRS: Monthly Child Tax Credit payments begin | Internal Revenue Service

FYI: remember this is an advance on your 2021 tax refund.... receiving these payments now WILL reduce your federal refund in early 2022 OR cause you to owe federal tax.

IRS: Monthly Child Tax Credit payments begin | Internal Revenue Service IR-2021-153, July 15, 2021 — The Internal Revenue Service and the Treasury Department announced today that millions of American families have started receiving monthly Child Tax Credit payments as direct deposits begin posting in bank accounts and checks arrive in mailboxes.

IRS warns of pandemic-related tax scams in 'Dirty Dozen' for 2021 06/29/2021

IRS warns of pandemic-related tax scams in 'Dirty Dozen' for 2021

IRS warns of pandemic-related tax scams in 'Dirty Dozen' for 2021 Hijacking of economic impact payments and unemployment checks are spotlighted in the IRS’s annual alert, which warns taxpayers of the most prevalent scams and schemes the Service has identified.

Advance Child Tax Credit Payments in 2021 | Internal Revenue Service 06/23/2021

Advance Child Tax Credit Payments in 2021 | Internal Revenue Service

This includes the link to opt-out of the child tax credit advances.

Advance Child Tax Credit Payments in 2021 | Internal Revenue Service Find details about the advance Child Tax Credit payments, including how to get them or stop getting them.

IRS sending more than 2.8 million refunds to those who already paid taxes on 2020 unemployment compensation | Internal Revenue Service 06/08/2021

IRS sending more than 2.8 million refunds to those who already paid taxes on 2020 unemployment compensation | Internal Revenue Service

IRS sending more than 2.8 million refunds to those who already paid taxes on 2020 unemployment compensation | Internal Revenue Service IR-2021-123, June 4, 2021 — The Internal Revenue Service is sending more than 2.8 million refunds this week to taxpayers who paid taxes on unemployment compensation that new legislation now excludes as income.

Fraught with Fraud? PPP Update 05/25/2021

Fraught with Fraud? PPP Update

Fraught with Fraud? PPP Update As the Department of Justice continues to probe online PPP lenders, reports of fraud are increasing, including a ProPublica investigation into Kabbage.

05/21/2021

Our offices are closed today so that our team can enjoy a much needed 3-day weekend following a very challenging tax season.

IRS to the rescue? Tax audits eyed for infrastructure cash 05/20/2021

IRS to the rescue? Tax audits eyed for infrastructure cash

IRS to the rescue? Tax audits eyed for infrastructure cash WASHINGTON (AP) — Republicans say they won’t raise taxes on corporations. Democrats say they won't raise taxes on people making less than $400,000 a year. So who is going to pay for the big public works boost that lawmakers and President Joe Biden say is necessary for the country?

IRS, Treasury announce families of 88 percent of children in the U.S. to automatically receive monthly payment of refundable Child Tax Credit | Internal Revenue Service 05/19/2021

IRS, Treasury announce families of 88 percent of children in the U.S. to automatically receive monthly payment of refundable Child Tax Credit | Internal Revenue Service

IRS, Treasury announce families of 88 percent of children in the U.S. to automatically receive monthly payment of refundable Child Tax Credit | Internal Revenue Service IR-2021-113, May 17, 2021 — The Internal Revenue Service and the U.S. Department of the Treasury announced today that the first monthly payment of the expanded and newly-advanceable Child Tax Credit (CTC) from the American Rescue Plan will be made on July 15.

05/19/2021

ADVANCE CHILD TAX CREDIT PAYMENTS TO BEGIN ON JULY 15

IR 2021-113, 5/17/2021
In a News Release, IRS has announced that the 2021 advance child tax credit (CTC) payments, that were provided for in American Rescue Plan Act, will begin being made on July 15, 2021 and has provided some additional information about the payments.
Background—child tax credit. Taxpayers are allowed a CTC—temporarily expanded and made refundable for 2021 by the American Rescue Plan Act (ARPA, PL 117-2, 3/11/2021)— for each qualifying child. The credit phases out for taxpayers with adjusted gross incomes (AGIs) over certain thresholds. (Code Sec. 24)
For 2021, a qualifying child with respect to a taxpayer is defined as an under-age-18 child, whom the taxpayer may claim as a dependent (i.e., a child related to the taxpayer who, generally, lived with the taxpayer for at least six months during the year), and who is a U.S. citizen or national, or a U.S. resident. (Code Sec. 24(a); Code Sec. 24(c); Code Sec. 24(i)(2)(A))
Background—advance payments of CTC. IRS is required to establish a program to make periodic advance payments which in total equal 50% of IRS's estimate of the eligible taxpayer's 2021 CTCs, during the period July 2021 through December 2021. (Code Sec. 7527A)
IRS provides advance payment information. The payments will begin on July 15, 2021. Thereafter, they will be made on the 15th of each month unless the 15th falls on a weekend or holiday.
Recipients will receive the monthly payments through direct deposit, paper check, or debit cards. IRS says that it is committed to maximizing the use of direct deposit.
While most taxpayers will not be required to take any action to receive their payments, IRS says that it will continue outreach efforts with partner organizations over the coming months to make more families aware of their eligibility.
Reference: For advance payments of the 2021 CTC, see FTC 2d/FIN ¶A-4062.

'The worst': Tax professionals sound off on the 2020 tax filing season 05/11/2021

'The worst': Tax professionals sound off on the 2020 tax filing season

'The worst': Tax professionals sound off on the 2020 tax filing season It's very hard to win a game when the rules keep changing as you're playing.That in a nutshell describes what accountants and other tax preparers have...

04/19/2021

We're having email issues this morning so please be patient if we're slow to respond. Also, we were closed for a three day weekend and a much needed rest... so we're working our way through messages that piled up over the weekend.
Thank you.

IRS explains new treatment of excess premium tax credits 04/13/2021

IRS explains new treatment of excess premium tax credits

IRS explains new treatment of excess premium tax credits The IRS said it would not require taxpayers who received excess advance premium tax credits for 2020 to file Form 8962, Premium Tax Credit, after the American Rescue Plan Act retroactively exempted those amounts from being taxed.

Why Some 2020 Recovery Rebate Tax Credits May Be Different Than Expected 04/13/2021

Why Some 2020 Recovery Rebate Tax Credits May Be Different Than Expected

Why Some 2020 Recovery Rebate Tax Credits May Be Different Than Expected It’s important to remember that the first and second Economic Impact Payments (EIP) were advance payments of the 2020 credit. Most eligible people already received the first and second payments and shouldn't or don’t need to include this information on...

IRS explains new treatment of excess premium tax credits 04/13/2021

IRS explains new treatment of excess premium tax credits

IRS explains new treatment of excess premium tax credits The IRS said it would not require taxpayers who received excess advance premium tax credits for 2020 to file Form 8962, Premium Tax Credit, after the American Rescue Plan Act retroactively exempted those amounts from being taxed.

03/31/2021

One of my favorites ..... "There's a dead mouse in my office!" ... As a walk through the office holding my wireless mouse and looking for fresh batteries.... 🤣

IRS provides details on April 15 postponement 03/30/2021

IRS provides details on April 15 postponement

Deadline for IRA contributions also extended to May 17th.

IRS provides details on April 15 postponement The IRS issued a notice providing more details and clarification of its previously announced postponement of the April 15 tax deadline for individuals. The notice extends the date for making 2020 IRA contributions; however, it does not extend the date for estimated tax payments.

Telephone

Address


808 S A St, Ste 2, Richmond, IN And
Richmond, IN
47374

Opening Hours

Monday 8am - 5pm
Tuesday 8am - 5pm
Wednesday 8am - 5pm
Thursday 8am - 5pm
Friday 8am - 5pm

Other Tax preparation in Richmond (show all)
Rose City Income Tax Services Rose City Income Tax Services
Richmond, 47374

Welcome to Rose City Income Tax Services. Taxes are our specialty. We work diligently to get you a b

H&R Block H&R Block
6 SW 5th
Richmond, 47374

Sandifar Tax Service Sandifar Tax Service
Richmond, 47374

Handling all of your Tax Preparation Needs

H&R Block H&R Block
2380 National Road W
Richmond, 47374

Sandifar TAX Service Sandifar TAX Service
1015 N J ST
Richmond, 473745277

Sandifar Tax Service specializes in Tax preparation, quick refunds, and all accounting services. We

Jackson Hewitt Jackson Hewitt
3601 E Main
Richmond, 47374

Brady Ware & Company - Richmond Brady Ware & Company - Richmond
2206 Chester Boulevard
Richmond, 47374

Brady Ware's Richmond, Indiana, CPAs provide tax and accounting services to the greater Richmond are

Liberty Tax Liberty Tax
18 N 16th St
Richmond, 47374

Local ownership with corporate guarantees, backing, and quality control. We stand behind our products! YOU DO LIFE, WE DO TAXES!