by [email protected] | Apr 12, 2021 | Client Articles
Tax credits are a tax benefit that offsets your actual tax liability, as opposed to a tax deduction, which reduces your income. Congress provides tax credits to individual taxpayers for a number of reasons, including as a form of assistance for lower-income taxpayers,...
by [email protected] | Nov 5, 2020 | News
Dear Valued Client, In this edition of our newsletter: a reminder that October 15th is the final individual tax deadline for those on extension, plus we cover tax issues regarding the unemployed, state residency tax issues, starting a business during the pandemic, and...
by [email protected] | Nov 5, 2020 | News
Article Highlights: October 15 extended due date for filing federal individual tax returns for 2019. Late-filing penalty. Interest on tax due. Other October 15 deadlines. Because of the COVID-19 pandemic emergency, the IRS postponed the original due date for filing...
by [email protected] | Nov 5, 2020 | News
Article Summary: Foreign-Account Reporting Requirement Financial Crimes Enforcement Network Penalties for Failure to File Types of Accounts Affected Form 8938 Filing Requirements All United States entities (including citizens and resident aliens as well as...
by [email protected] | Nov 5, 2020 | News
Article Highlights: 1099-NEC Has Been Resurrected Non-Employee Compensation Combating Fraudulent Filings Due Dates Form W-9 Penalties 1099 Worksheet The Internal Revenue Service has resurrected a form that has not been used since the early 1980s, Form 1099-NEC (the...
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