To encourage U.S. taxpayers to move away from gasoline-powered motor vehicles, over the years, Congress has provided various tax credits for purchasing electric or alternative fuel vehicles.
These credits generally come with an expiration…
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March 10 - Report Tips to Employer
If you are an employee who works for tips and received more than $20 in tips during February, you are required to report them to your employer on IRS Form 4070 no later than March 10.
Your employer…
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Some members of Congress have, for some time, expressed their displeasure with the so-called stretch IRAs that have permitted some beneficiaries, such as a young child or a grandchild, to extend the payout period from the IRAs they inherited…
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Your taxes contain an array of sensitive information, from financial data to your Social Security number or tax ID number. Because of this, there are many scams that unsavory characters attempt to perpetrate by impersonating the IRS or another…
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If you asked 10 different people how they were able to get out from under their debts as quickly as possible, you’d probably get 10 different answers.
This is because there truly is no one-size-fits-all approach to proper financial…
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On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…
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The most important thing you need to know about sales tax is that administering it correctly can be challenging.
If you sold only one type of product to customers in one city, collecting and paying sales tax would be easy. But most businesses…
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On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…
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On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…
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On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, a number…
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Congress Green-Lights Some Alternative Vehicle Credits
Deductions, Electric VehiclesMarch 2020 Individual Due Dates
Due DatesCongress Does Away with the Stretch IRA
2020 Tax LawsIRS Letters: Tax Scam or Something You Need to Address?
ScamsThe Best Approach to Paying off Your Debt Quickly? It’s Unique to You
DebtCongress Removes IRA Contribution Age Restriction
2020 Tax Laws, IRA Contributions5 Things You Need to Know About Sales Taxes in QuickBooks Online
Accounting, Quickbooks, Sales TaxNew Twist for Kiddie Tax with a Refund Opportunity
2020 Tax LawsChildbirth and Adoption Penalty Exception Added
2020 Tax LawsDid You Pay Tax on Home Mortgage Debt Relief in 2018? You May Be Entitled to a Refund
Home Ownership