by PTF | Feb 22, 2021 | Tax Preparation
Tax Time is Around the Corner! Are You Ready? Article Highlights: Time to Gather Your Information New for 2020 Choosing Your Alternatives Tips for Pulling Your Information Together Tax time is just around the corner, and if you are like most taxpayers, you are...
by PTF | Feb 19, 2021 | Individuals, Tax Preparation
Charitable Contributions Deduction Liberalized for 2021 Article Highlights: Charitable Contributions for Non-Itemizers Penalties for Contribution Overstatement Cash Contributions for Itemizers Substantiation Requirements As a means to stimulate charitable...
by PTF | Feb 17, 2021 | Resource, Tax Preparation
Day Trader Rules and Tax Treatment Article Highlights: Risky What is a Day Trade? Pattern Day Trader Equity Requirements Margin Trading Tax Implications Day Trading as a Business Day Trading Business Tax Issues Election Day trading is neither illegal nor unethical,...
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...
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...
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...
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