Virtual Currency – Reporting & Enforcement Update
2020 has been a year we would all like to forget in many ways. But it has been a banner year for the virtual currency world. After a slow and...
07 February, 2021
Tax Planning Tag
2020 COVID Relief Affecting Individual Taxpayers
Tax Season is here. Before you gather and submit your 2020 tax information, here are a few things you need to know. Below is an overview of key provisions in...
26 January, 2021
Get an IRS Identity Protection PIN by Feb. 12
ACTION REQUIRED! We strongly recommend all individual taxpayers apply for an IRS issued Identity Protection Personal Identification Number (IP PIN). This should be done before the IRS opens up e-filing...
19 January, 2021
New Stimulus Bill and PPP Updates
On Dec. 22, 2020, Congress passed the latest COVID-19 Relief Bill. This is the largest bill ever passed by Congress at over 5,500 pages. It contains over $900 billion of...
22 December, 2020
QuickBooks: S-Corp Year-End Adjustments
Attention S-Corp Owners: Now is the time to make year-end QuickBooks adjustments. Don’t forget to add medical health insurance premiums to officer’s W-2s. Check boxes 1 and 14. S-Corp medical health...
14 December, 2020
Tax Consequences of Losing Your Job
If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances. The...
10 December, 2020
How to File Taxes After Moving to a New State
Moving to a new state can be an awesome new adventure. Whether you are moving for a new job, to be closer to family, to retire, or for some other reason. No...
10 December, 2020
Business Loss Deductions – CARES Act Changes
To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the CARES Act eases the rules for claiming certain tax losses. This article...
18 November, 2020