Will Your Stimulus Check Increase the Tax on Your Social Security Benefits?
It sure was nice getting that stimulus check in the mail (or deposited directly into your bank account)! Hopefully, you...
taxes
An Expanded Conversation About Like-Kind Exchanges
A few weeks, ago, we wrote about like-kind exchanges (also known as an Internal Revenue Code Section 1031 exchange) and...
The Employee Retention Tax Credit Helps Keep Workers Working
Congress is relying in part on tax relief to help boost the U.S. economy dragged down by the coronavirus pandemic....
Why Not to Worry About an IRS Audit
Life is full of legitimate financial worries. Do you have enough term life insurance to provide for your family in...
IRS Fires Warning Shot for Audits on Small Businesses Using Captive Insurance
As a CPA and a lawyer, I’m always gleaning what I can from the IRS’ communications. They’re never going to...
How Much Would a Payroll Tax Cut Add to Your Paycheck? Philly Accountants Lay it Out
If Congress passes an emergency payroll tax cut, how much would it add to your weekly paycheck? Take your salary...
Upset You Owe Too Much in Taxes? Here’s How to Fix That
The idea of cranking out yet another form after filing your income tax return sounds as soul-crushing as, oh, maybe...
Why You Should Take Advantage of the IRS’s Free File Program
More than 101 million Americans with moderate to low income overlooked the chance to file their tax returns for free...
Best Tax Software Values for 2020
It’s that time of year again. You’ve gotten your W-2s and any other paperwork, such as a 1099 for your...