by PTF | Aug 27, 2021 | Tax Preparation, Articles
How Long Should You Keep Old Tax Records? Article Highlights: The general statute: 3 years Longer durations in some states Fraud, failure to file and other issues that extend the statute’s duration Keeping the actual return Ordering copies of previously filed...
by PTF | Aug 21, 2021 | Articles, News, Tax Preparation
35 Million: The Total Backlog of Tax Returns The IRS Had At The End Of Tax Season The Internal Revenue Service has released a midyear report to Congress that details a significant backlog of tax returns dating back to the end of tax filing season, and many of...
by PTF | Aug 19, 2021 | Articles, Misc, Tax Preparation
IRS Extends COVID-19 Relief Leave Donations Article Highlights: IRS extends COVID-19 Relief Leave Donations Donating unused vacation time, sick leave, and personal time Employer’s Function Great Donation Opportunity As part of the emergency disaster declaration made...
by PTF | Aug 17, 2021 | Individuals, Planning Services, Tax Preparation
Contemplating Refinancing Your Home Mortgage? Things You Should Consider Article Highlights: Is It Appropriate to Refinance Your Home Loan? Refinance Costs Interest Rates Credit Score Borrowing Additional Cash Loan Term Itemizing Deductions With home mortgage rates...
by PTF | Aug 15, 2021 | Articles, Resource, Tax Preparation
Tax Rules for Home Flippers Article Highlights: Definition of Flipping Government Will Share in the Profits Tax Treatment Depends on Being a Dealer, Investor or Homeowner Distinguishing a Dealer from an Investor With mortgage interest rates low, flipping real estate...
by PTF | Aug 4, 2021 | Business Services, Articles, Tax Preparation
Restaurants and Businesses Benefit from Temporary Tax Break Article Highlights: New Business Tax Break Restaurant Purchased Meals Qualifying Restaurants Take-out Meals Lavish Limitations Taxpayer Presence Substantiation Congress has provided businesses with a...
Recent Comments