by PTF | Mar 27, 2021 | Individuals, Resource, Tax Preparation
Tax Consequences of Crowdfunding Article Highlights: Crowdfunding Sites Gifts Charitable Gifts Business Ventures SEC Registration Crowdfunding Scams Raising money through Internet crowdfunding sites prompts questions about the taxability of the money raised. A number...
by PTF | Mar 25, 2021 | Tax Preparation, Articles, Individuals
Unemployment Fraudsters May Create a Tax Nightmare for Unsuspecting Taxpayers As if this past year with all of its pandemic perils has not been stressful enough, the Office of the Inspector General for the Department of Labor has just added to our anxieties by...
by PTF | Mar 22, 2021 | Tax Preparation, Individuals, Planning Services
Solar Tax Credit Extended for Two Years Article Highlights: Credit Amounts Deceptive Advertising Refundability Worth the Cost? Qualifying Property When Is the Credit Available? Who Gets the Credit Multiple Installations Battery Installation Costs Basis Adjustment...
by PTF | Mar 21, 2021 | Individuals, Planning Services
Required Minimum IRA Distributions Will Resume in 2021 Article Highlights: CARES Act Moratorium RMD Resumptions Age Considerations Figuring out the RMD Amount Penalty for Not Taking an RMD No Maximum Limit IRA-to-Charity Transfers As part of the CARES Act, the...
by PTF | Mar 20, 2021 | Articles, Individuals
Uncle Sam May Pick Up the Cost of Your COBRA Medical Coverage Article Highlights: COBRA coverage Federal COBRA Subsidy Period for Subsidy Alternate Coverage The recently passed American Rescue Plan Act (ARPA) includes a provision for the federal government to pick up...
by PTF | Mar 19, 2021 | Announcements, Individuals
It’s Official! Another Round of Stimulus Payments Approved by Congress Article Highlights: Economic Impact Payments High-Income Taxpayer Phaseout Reconciliation Dependents Decedents Social Security Number Requirements Non-Filers IRS Information Sites The American...
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