Gather All Year-End Income Documents
As taxpayers are getting ready to file their taxes, the first thing they should do is gather their records.
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IRS
Tax information from the IRS and shared by Vernoia, Enterline + Brewer, CPA LLC.
Tax Benefits of Making a Business Accessible
Businesses that make structural adaptations or other accommodations for employees or customers with disabilities may be eligible for tax credits and deductions.
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Starting a Business? Tax Tips
Here’s How Businesses Can Deduct Startup Costs From Their Federal Taxes When starting a business, owners should treat all eligible costs incurred before beginning to operate the business as capital expenditures that are part of their basis in the business.
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Taxability of Coronavirus State and Local Fiscal Recovery Funds
Taxability and Reporting of Payments from Coronavirus State and Local Fiscal Recovery Funds The Internal Revenue Service provided answers regarding Coronavirus State and Local Fiscal Recovery Funds (SLFR Funds).
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Advertising and Marketing Costs May Be Tax Deductible
The tax law allows small businesses to deduct expenses that help them bring in new customers and keep existing ones.
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IRS FAQs Are Not the Final Word; Just a Courtesy
IRS Updates Process for Frequently Asked Questions on New Tax Legislation and Addresses Reliance Concerns
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Taxpayer Rights: The Right to Finality
Taxpayers interacting with the IRS have the right to finality. This right comes into play for taxpayers who are going through an audit. These taxpayers have the right to know when the IRS has finished the audit.
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Big Business Video Chats with the IRS
The Internal Revenue Service announced that beginning Oct. 18, the IRS’s large business division will accept all taxpayer requests to meet with IRS employees using secure videoconferencing.
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Your Research Credit Claim Refund
The IRS has set forth the information that taxpayers will be required to include for a research credit claim for refund to be considered valid.
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Tax Relief Now Available to Ida Victims in NY and NJ
Victims of Hurricane Ida in parts of New York and New Jersey now have until Jan. 3, 2022, to file various individual and business tax returns and make tax payments.
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