Tax reporting now required for use of third-party payment apps The various third-party payment apps that have become popular in recent years have changed the game for sure. PayPal, Venmo, Cash App… just to name… More on this story
Letters en route from the IRS regarding Economic Impact Payments By: Jennifer Linz, CPA, JD- Manager Don’t be alarmed if you receive two letters from the Internal Revenue Service (IRS)… More on this story
Tax Deadlines for Q1 of 2022 This blog outlines important tax deadlines for the first quarter of 2022: January 18 — Individual taxpayers’ final 2021… More on this story
Standard Mileage Rates Announced for 2022 Changes are coming to the standard mileage rates in 2022. The IRS has announced the new optional standard rates for… More on this story
Are you prepared for an IRS audit? The IRS recently announced it intends to hire thousands of new employees as part of a tax-enforcement push. This could… More on this story
A Closer Look at the IRS 2021 “Dirty Dozen” List The end of the year is a good time to review the annual “Dirty Dozen” list of common tax-related scams… More on this story
The QBI Deduction: Is your Business Eligible? If you own a business, you may wonder whether you’re eligible to take the qualified business income (QBI) deduction. (It’s… More on this story
Disability Income: Is it Taxable? Many Americans receive disability income. If you’re one of them or know someone who is, you may wonder whether it’s… More on this story
Ways to withdraw cash from a corporation Owners of closely held corporations often want or need to withdraw cash from the business. The simplest way, of course,… More on this story
The Deductibility of Medical Expenses Individual taxpayers may be able to claim medical expense deductions on their tax returns. However, the rules can be challenging,… More on this story
