by PTF | Jan 4, 2021 | Articles, Individuals, Planning Services
Article Highlights: Home Sale Exclusion 2 out of 5 Rule Business Use of the Home Gain or Loss from a Sale Previous Use as a Rental Form 1099-S IRS Matching Records In spite of (or in some cases, because of) the COVID-19 pandemic, and with near-record-low home mortgage...
by PTF | Dec 30, 2020 | Articles, Business Services
New year, new challenges, and the potential for new successes. Here are five ways you can improve your financial management in 2021. A painful year is drawing to a close. We’ll still be dealing with COVID-19 and a struggling economy in early 2021, but there’s hope on...
by PTF | Dec 28, 2020 | Articles, Planning Services, Resource, Tax Preparation
Article Highlights Take Full Advantage of Your Deductions Traditional IRA Contributions at Any Age Make Charitable Contributions with IRA Funds Larger-than-Normal Charitable Contributions May Be Possible Deducting Charitable Contributions Without Itemizing Marital...
by PTF | Dec 23, 2020 | Articles, Business Services, News, Resource
Article Highlights: Standard Deduction Transportation Fringe Benefits Retirement Plans Contribution Limits SIMPLE Retirement Accounts IRA Contribution Limits Health Flexible Spending Accounts Education Credits Estate Tax Exclusion Annual Gift Exclusion Sec 179...
by PTF | Dec 21, 2020 | Announcements, Articles, Business Services
Article Highlights: 1099-NEC Filing Requirements Independent Contractor Filing Threshold Form W-9 Worksheet This is our annual reminder that if you use workers other than employees to perform services for your business and pay them $600 or more for the year, you are...
by PTF | Dec 18, 2020 | Articles, Misc, Resource
Article Highlights: De Minimis Fringe Benefits Cash Gifts Gift Certificates Group Meals FICA and Wage Withholding It is common practice this time of year for employers to give their employees gifts. Where a gift is infrequently offered and has a fair market value so...
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