Article Highlights:
Tax-Free Income from Working Abroad
Foreign Earned Income and Housing Exclusions
Foreign Self-Employment Income
Claiming or Revoking the Exclusion
U.S. citizens and resident aliens are taxed on their worldwide…
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You should be running reports in QuickBooks Online on a weekly—if not daily—basis. Here’s what you need to know.
You can do a lot of your accounting work in QuickBooks Online by generating reports. You can maintain your customer and…
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April 2022 Individual Due Dates
April 11 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during March, you are required to report them to your employer on IRS Form 4070 no later than…
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Article Highlights:
If You Can’t Pay
Family Loans
Home Equity Loans and HELOCs
Credit Card
Short-term Payment Plan
IRS Installment Agreement
Retirement Funds
Filing Extensions
Enforced Collections
Offer-in-Compromise
Although…
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Article Highlights:
Employees
Self-Employed Individuals
Quarterly Payments
Underpayment Penalty
Safe Harbor Payments
Estimated tax payments are not just for the self-employed. They are for anyone whose withholding and tax…
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Article Highlights:
Extensions
Balance-Due Payments
Contributions to Roth or Traditional IRAs
Individual Refund Claims for the 2018 Tax Year
Missing Information
As a reminder to those who have not yet filed their 2021…
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What you do with your paystub often depends on how you get paid. If you have direct deposit there’s a good chance that you just rip the entire thing up without a glance, confident in the fact that the money is in your bank account and all…
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Charitable Tax Deduction Peculiarities
Charitable contributions are deducted as part of a taxpayer’s itemized deductions on IRS Schedule A, except for the special 2020 and 2021 provisions that allow up to $300 ($600 for married taxpayers…
Hiring An Independent Contractor? How QuickBooks Online Can Help
Are you taking on a worker who’s not an employee? QuickBooks Online includes tools for tracking and paying independent contractors.
The COVID-19 pandemic…
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Does a Tax Deduction and a Tax Credit Result in the Same Tax Benefit?
Tax lingo, even without getting into the weeds of the Internal Revenue Code, tax regulations, IRS rulings, etc., can be confusing. Two frequently used terms that taxpayers…
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Working Abroad Has Huge U.S. Tax Benefits
TaxesGetting Started with Reports in QuickBooks Online
Quickbooks, TechnologyApril 2022 Due Dates
Due DatesCan’t Pay Your Taxes? Here Are Some Payment Options
Tax Planning, Tax TipsYou May Need to File Estimated Tax Payments
Tax Planning, Tax Tips, TaxesThe Tax-Filing Deadline Is Drawing Near
2021 Due Dates, Tax NewsToss Your Paystub Every Week? Maybe It’s Time To Take a Closer Look
Audit, Finance TipsCharitable Tax Deduction Peculiarities
2021 Tax Laws, 2022 Taxes, CharityHiring An Independent Contractor? How QuickBooks Online Can Help
2022 Taxes, Quickbooks, Tax TipsDoes a Tax Deduction and a Tax Credit Result in the Same Tax Benefit?
2021 Tax Laws, 2022 Taxes, Accounting, Tax Planning, Tax Tips, Taxes