Taxes

November 8, 2019

Employer-Offered Benefits That Can Save You Money and Taxes

Article Highlights: Health Insurance Retirement Plans Qualified Transportation Fringe Benefits Flexible Spending Accounts (FSAs) Group Term Life Insurance Qualified Employee Discounts Employer-Provided Education Assistance Adoption Expenses […]
October 8, 2019

Are You Subject to Self-Employment Tax?

Article Highlights: Self-employed Individuals Estimated Taxes Self-Employment Tax Estimated Tax Safe Harbors 1099-MISC and 1099-K Others Subject to Self-employment Tax income Not Subject to Self-employment Tax […]
October 3, 2019

What Is the Statute of Limitations on Unpaid Taxes?

If you have unpaid taxes that you haven’t yet been making payments toward, it might make you fearful that the IRS will come a-knocking one day to […]
September 12, 2019
payroll taxes

Is It Time for a Payroll Tax Checkup?

Article Highlights: Tax Reform Underpayment Penalties W-4 Modifications for 2020 Withholding Estimator Penalty Abatement Was your 2018 federal tax refund less than normal, or – worse […]
September 3, 2019
cryptocurrency crackdown

The IRS Has Cryptocurrency on Its Radar

Article Highlights: IRS Focus About Cryptocurrency Tax Treatment IRS Compliance Program Letters Being Sent If you own cryptocurrency, you need to know that the IRS has […]
August 22, 2019

The IRS Is Cracking Down on Cryptocurrency Tax Transactions

Article Highlights: IRS Enforcement Campaign Virtual Currency Valuation Transactions Character of the Gain or Loss Foreign Currency Transactions Foreign Bank and Financial Account (FBAR) Reporting Payment […]
August 16, 2019

Receiving Tips Can Be Taxing

Article Highlights: Collecting Tips Tip Splitting Service Charges Record Keeping Employer Reporting Allocated Tips Anyone who collects tips must include those tips in their taxable income. […]
August 9, 2019

How to Write Off Worthless Stock

Article Highlights: Tax Loss for a Security Sold or That Is Worthless Proving Worthlessness Selling a Worthless Stock by Year-end Brokers May Accommodate Clients Capital Loss […]
July 30, 2019

Looking Ahead to 2019 Taxes

Article Highlights:   • Solar Credit • Plug-In Electric Vehicle Credit • Penalty for Not Having Health Insurance • Medical Deduction Restrictions • New Alimony Rules […]
Free Quote