When was the last time you or your attorney reviewed or updated your will or trust? If it was before the passage of the 2017 tax reform legislation, or the Tax Cuts and Jobs Act (TCJA), your documents may be out of date.
Among the many…
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Don't forget these important December due dates for individual and business filings, reporting, payments, and more.
December 2019 Individual Due Dates
December 2 - Time for Year-End Tax Planning
December is the month to take final…
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Individuals with disabilities as well as parents of disabled children are eligible for a number of income tax benefits. This article explains some of these tax breaks.
ABLE Accounts – A federal law allows states to offer specially designed,…
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As the end of the year and the holiday season approach, we will all see an uptick in the number of charitable solicitations arriving in our mailboxes and by email. Since some charities sell their contributor lists to other charities, frequent…
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Some holiday gifts you provide to members of your family, employees, and others may also yield tax benefits. Here are some examples:
Employee Gifts – It is common practice this time of year for employers to give employees gifts. Although…
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As with everything taxes, the devil is in the details, and that includes the education tax credits, which come in two types with some different rules for each. Many people think the credits are for sending their children to college, which is…
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If you’re using QuickBooks Online Plus or Advanced, you can create projects and track their profitability.
You already know how to determine whether your business is making or losing money overall: you run a Profit and Loss report.…
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Back in 2018, Coinbase, a company handling virtual currency (also referred to as cryptocurrency) transactions, released the data of 14,000 of its users to the IRS after the information was subpoenaed, and virtual currency traders held their…
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As the end of the year approaches, now is a good time to review the various changes that impact 2019 tax returns. Some of the changes are likely to apply to your tax situation. In addition, be aware that various tax-related bills currently in…
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With the passage of the Taxpayer First Act in mid-2019, the Treasury Department (i.e., the IRS) is required to establish a program to issue an identity protection pin (IP PIN) to any U.S. resident who requests one. For each calendar year beginning…
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Is Your Will or Trust Up-to-Date?
Estate PlanningDecember 2019 Individual Due Dates
Business, TaxesTax Benefits for People with Disabilities
Tax TipsYear-End Tips for Charitable Contributions
Charity, Deductions, Tax PlanningHoliday Gifting with a Tax Twist
Gift Tax, HolidaysTake Advantage of the Education Tax Credits
Education, Tax CreditsHow to Create Projects in QuickBooks Online
QuickbooksThe IRS Is Hot on the Trail of Unreported Virtual Currency Transactions
Cryptocurrency, TaxesTax Changes For 2019
2019 Tax Laws, Tax News, Tax Planning, TaxesShould You Have an Identity Protection PIN?
Personal Finance