Wicker Financial Services LLC

01/09/2023

Another year, another tax season!

Happy new year, everyone! It is, yet again, tax time.

We are already scheduling meetings with a start day of January 23rd. We can't wait to hear from you!

As always, spread the word, your referrals mean the most to us!

Our hours will be:
Monday - Friday: 9AM to 6PM
Saturday: 9AM to 12PM

We hope to see you soon!

01/20/2022

Happy New Year Everyone!

Tax season has come once again! The first day to file is this upcoming Monday, January 24th. We look forward to preparing your tax returns, as always!

We are also so happy to introduce to you the newest member of Wicker Financial Services, Alea Berube. She comes to us with a breadth of knowledge and expertise and is so excited to meet each one of you.

Do not hesitate to reach out with any questions regarding your tax return. You can call or go online to schedule your appointment OR you can email us to take advantage of our online tax preparation.

(715) 688-4000
wickerfinancial.com
[email protected]

04/02/2021

Happy Friday Everyone!

We have updated our hours! Our weekday hours haven't changed but we will only be available on Saturday's by appointment.

If you absolutely cannot make it in during the week, we can set up an appointment for a Saturday!

Thank you for understanding!

Have a great weekend!

03/20/2021

Update on Federal Unemployment:

Returns filed with unemployment benefits prior to the $10,200 exclusion should not amend. The IRS has indicated it will refigure taxes on these returns and adjust the taxpayer's account accordingly. The IRS will then send any refund amount to the taxpayer directly.

For returns that have yet to be filed, we are still waiting on confirmation on the states conformity.

Have a great weekend!

03/16/2021

Happy Tuesday!

Last week, the American Rescue Plan Act of 2021 was signed into law and within that bill, there was a provision making the first $10,200 of unemployment compensation nontaxable.

As of today, March 16th, 2021, we are still waiting to hear how the IRS will handle previously filed tax returns that have unemployment compensation and are still waiting to hear how the individual states will conform to the federal ruling.

With that, we are waiting to take action on previously filed returns with unemployment compensation and are holding returns with unemployment compensation that we have not yet filed until we know more.

We are hoping to know more within the week and will keep you up to date.

Have a great Tuesday!

03/08/2021

Hello Everyone!

We hope you are all doing well.

On Saturday, the Senate approved the new $1.9 trillion economic stimulus plan.

There is a lot of takeaways from this bill and we are still waiting on waiting on dialogue from the IRS as they await the House's ratification of the bill.

Once we know more, we will update you on how the bill will pertain to the 2020 tax season.

In the meantime, here is an article that goes through the bill better than I could.

The measure passed by the Senate, and headed to the House for final approval before going to President Biden’s desk, contains money for direct checks, jobless benefits, state and local aid, and more.

01/19/2021

Two posts in one day? What are they thinking? This better be good and less serious than the last post.

Well, we think it is!

You can begin dropping off your documents as early as Monday, January 25th. We are currently taking appointments as early as that same day but we encourage you to take advantage of our online tax preparation to save yourself the trip to the office.

You can always call or email us with any questions and you can find out more at wickerfinancial.com.

01/19/2021

Happy Tuesday!

For our second update leading up to this tax season we wanted to make you aware of some scam calling we have been made aware of.

Because of the Economic Impact Payments and potential refunds you may receive from your tax returns, some people have reported getting calls from the "FBI" or the "IRS" wanting to verify their Social Security Number.

These calls are usually high pressure and can be very persuasive. They are targeting your money and are also typically targeting older taxpayers.

We are here to say that if the FBI is looking into your SSN (for whatever reason) they will not need you to verify it. They have all of that information privy to them. Also, the IRS will never call you, unless you have been in communication with the IRS in which you initiated contact. Otherwise, they send notices via the mail.

If you are ever worried if the phone call or voicemail you heard is a scam, contact the IRS for clarification.

This post is to serve as a friendly 'heads up' in case you or your loved ones have mentioned similar phone calls.

01/12/2021

As the start of tax season looms in the near distance, we wanted to start a series of posts to update you on what to expect for this tax season.

The first update is the Economic Impact Payments (EIPs) and what information you should bring to your preparer (hopefully us).

For your 2020 return, you will need the dates and amounts of your EIPs. These amounts were classified as an advanced credit for your 2020 tax return. This means that you DO NOT owe taxes on these amounts NOR will they have an affect on what your refund/ amount owed will be.

If you were eligible for the EIPs and either didn't get one or both or didn't get the full amount, you may be eligible for the Recovery Rebate Credit. This will work much like a dependent care credit by either reducing your tax liability by the amount you were eligible for or increasing your return by the amount you were eligible for.

To the IRSs credit (and we don't say that often) their website is helpful in answering questions about these credits; the EIPs and the Recover Rebate Credit.

Stay tuned for more updates and never hesitate to reach out with any questions!

Eligible individuals can claim the Recovery Rebate Credit on their 2020 Form 1040 or 1040-SR. These forms can also be used by people who are not normally required to file tax returns but are eligible for the credit.

01/08/2021

Happy New Year to you and your families!

We know that 2020 was a very difficult year for many of us. With you in mind, we have worked hard to keep our tax preparation services at the flat rate of $170. You will be getting the same great service for the same great price.

We encourage you to take advantage of using our online tax preparation service. Get your taxes done securely from the comfort of your home. You can find out more at wickerfinancial.com.

Lastly, we have taken steps to ensure your experience in our office is safe and efficient.

Never hesitate to reach out with any questions and we always appreciate your sharing of our service!