The advance child tax credit allows qualifying families to receive early payments of the tax credit many people may claim on their 2021 tax return during the 2022 tax filing season.
The Advance Child Tax Credit Payments Read More »
Small business owners, self-employed people, and some wage earners should look into whether they should make estimated tax payments this year.
Making 2021 Estimated Tax Payments Read More »
Individual Retirement Arrangements, or IRAs, provide tax incentives for people to make investments that can provide financial security for their retirement.
Understanding IRAs Read More »
The IRS issued further guidance on the Employee Retention Credit. This includes guidance for employers who pay qualified wages after June 30, 2021, and before January 1, 2022, and guidance on miscellaneous issues that apply to the employee retention credit in both 2020 and 2021.
Guidance for Employers Claiming the Employee Retention Credit Read More »
Taxpayers Can Protect Themselves From Scammers by Knowing How the IRS Communicates
Protect Yourself From Scammers Read More »
After a natural disaster, having access to personal financial, insurance, medical and other records can help people starting the recovery process quickly.
The Forgotten Piece of Disaster Preparedness Read More »
The Coronavirus Aid, Relief, and Economic Security Act allowed self-employed individuals and household employers to defer the payment of certain Social Security taxes on their Form 1040 for tax year 2020 over the next two years. Half of the deferred Social Security tax is due by December 31, 2021, and the remainder is due by
Repaying Deferred Social Security Tax Read More »
The Internal Revenue Service today concludes the “Dirty Dozen” list of tax scams with a warning to taxpayers to watch out for schemes peddled by tax promoters, including syndicated conservation easements, abusive micro-captive insurance arrangements and other abusive arrangements.
IRS 2021 Dirty Dozen Scams Read More »
The Coronavirus, Aid, Relief and Economic Security Act – CARES Act – allowed employers to defer the deposit and payment of the employer’s share of Social Security taxes and self-employed individuals to defer payment of certain self-employment taxes.
Payments for Deferred Tax Reported by Third Party Payers Read More »
It’s summertime and for many people, summertime means change. Whether it’s a life change or a typical summer event, it could affect incomes taxes.
What You Do This Summer May Impact Your Taxes Read More »