Estimated Tax Payments Are Due September 15
Our income tax system operates on a “pay-as-you-go” basis, which means the IRS wants its cut of your income when...
taxes
July 15 Tax Return Deadline is Right Around the Corner
If you still need to file that 2019 income tax return, it’s time to get cracking. July 15 is the...
Amending Your Tax Return Will Get Easier Soon
Starting this summer, fixing errors on your tax return will be less of a hassle. For the first time, taxpayers...
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...
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...