Did you file an extension for your 2020 federal income tax return? If so, you have about 2-weeks remaining to file your individual return, as it is due on or before October 15, 2021. Date Due In normal years, April 15 is Tax Day, however due to...
Parents, beginning July 15th you may be eligible to receive a new monthly payment for each of your dependent children aged 17 and younger as part of the American Rescue Plan. These payments are an advanced child tax credit and are connected to your personal...
The impact of the Covid-19 pandemic continues to be problematic for many, including the IRS. Therefore the Treasury Department and the Internal Revenue Service announced that the filing deadline, including federal income tax payments, for individuals has been extended to May 17. Don’t Procrastinate While our tax...
With tax season kicking off and Valentine’s Day upon us, we thought it would be fitting to review the filing options married couples have when it comes to filing their taxes. Married couples have the option to file their federal income taxes two ways, jointly or...
As a result of the COVID-19 pandemic, many are discovering that working from home can be a viable and long-term option. With this realization, individuals have started to ask themselves “why am I residing in an area with a high cost of living, or in...
The IRS has launched a new form for independent contractors, vendors, freelancers and consultants that business taxpayers need to be aware of. Previously, businesses used the Form 1099-MISC to report compensation to these individuals. Beginning this tax year 2020, businesses will be required to use...
5 Fall Tax Tips, So You Do Not Fall Behind on your Tax Prep Fall season is officially here! Fall is generally well received, as the days get cooler and less humid (ever so slightly for us Floridians) and pumpkin spice-everything is in full swing. However,...
Are you the executor of an estate for a loved one? Have you made substantial gifts of your wealth to any family members? Here's what needs to be done....
Setting up a retirement plan provides small business owners with many tax and nontax benefits. But time is running out to set one up for 2018. Find out more....
IRS rules governing private foundations are complicated, which is why your foundation needs to write and follow a detailed conflict-of-interest policy....