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IRS Offers New Identity Protection for Taxpayers

IRS Offers New Identity Protection for Taxpayers

by PTF | Feb 15, 2021 | Individuals, Tax Preparation

IRS Offers New Identity Protection for Taxpayers Article Highlights: IP PIN Identity Verification Opt-in Program Application Process In the past, the IRS has assigned verification numbers to victims of identity theft to file their tax returns, if requested by the...
How Biden’s Rescue Plan Might Impact Your Taxes

How Biden’s Rescue Plan Might Impact Your Taxes

by PTF | Feb 10, 2021 | Business Services, Individuals, Resource, Tax Preparation

How Biden’s Rescue Plan Might Impact Your Taxes Article Highlights: Economic Impact Payments Unemployment Compensation Minimum Wage Education Assistance Families First Coronavirus Response Act Child Care Tax Credit Child Tax Credit Earned Income Tax Credit Healthcare...
Is That Inheritance Taxable?

Is That Inheritance Taxable?

by PTF | Feb 8, 2021 | Articles, Individuals, Resource, Tax Preparation

Article Highlights: Estate Tax Estate Tax Exemption Fair Market Value at Date of Death Step up in Basis Community Property Deferred Untaxed Income Are inheritances taxable? This is a frequently misunderstood taxation issue, and the answer can be complicated. When...
4 Questions Business Owners Should Consider During the 2020 Tax Season

4 Questions Business Owners Should Consider During the 2020 Tax Season

by PTF | Feb 7, 2021 | Business Services

4 Questions Business Owners Should Consider During the 2020 Tax Season As if 2020 wasn’t challenging enough, this season’s tax-filing is going to be even more complicated than usual. Though the CARES Act and the Paycheck Protection Program were put into place to help...
February 2021 Due Date Reminders

February 2021 Due Date Reminders

by PTF | Feb 5, 2021 | Business Services, Individuals, Resource

February 2021 Individual Due Dates February 1 – Tax Appointment If you don’t already have an appointment scheduled with this office, you should call to make an appointment that is convenient for you. February 1 – File 2020 Individual Return to Avoid...
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      Customers Paying Late? How to Create Statements
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      Here’s how to take a page from the ultra-wealthy playbook and make full use of Roth Individual Retirement Accounts
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