
How States are Reshaping Nexus Laws for Remote Employees Due to COVID-19
COVID-19, Tax News, Tax Planning, Tax Tips, TaxesEver since the coronavirus pandemic began impacting the United States, businesses around the country have responded by instituting work-from-home policies. While it is unclear how much longer the nation will be in the grips of the crisis, social…

IRS makes Form 1040-X amended tax returns available for e-filing
2020 Tax Laws, Tax News, Tax TipsFrom Michael Cohn, Editor-in-chief @ Accounting Today
The Internal Revenue Service is now letting taxpayers submit Form 1040-X electronically when they want to file an amended tax return through commercial tax software, in what the agency…

Watch Out for Tax Penalties
2020 Tax Laws, Tax Planning, Tax Tips, TaxesMost taxpayers don’t intentionally incur tax penalties, but many who are penalized are simply not aware of the penalties or the possible impact on their wallets. As tax season approaches, let’s look at some of the more commonly encountered…

What President Trump’s Executive Order Means for You
2020 Stimulus Package, 2020 Tax Laws, COVID-19, Tax Credits, Tax Planning, Tax Tips, UncategorizedWe are still waiting for the dust to settle on what President Trump’s executive orders mean for taxpayers and business owners. There is a lot of talk about legal challenges and how Congress may react. But here is a summary of what we know…

Wealthy Taxpayers May Want to Strategize for Potential Tax Increases
2019 Tax Laws, 2020 Tax Laws, Financial Planning, Tax Planning, Tax Tips, TaxesArticle Highlights:
Skyrocketing Government Spending
Federal and State Deficits
Tax Increases in Our Future
Tax Strategies
The outcome of the November elections could have a significant impact on taxes for the wealthy. The COVID-19…

Is The Government Keeping Your Refund?
2019 Tax Laws, 2020 Stimulus Package, 2020 Tax Laws, Accounting, Tax Planning, Tax Refund, Tax Tips, Taxes
Article Highlights:
Bureau of the Fiscal Service
Allowable Refund Offsets
Disputing an Offset
Injured Spouse Claim
We all look forward to receiving our tax refunds, but what if you were expecting a refund and it never…

Employers, Don’t Miss Out on the Work Opportunity Credit
2020 Stimulus Package, Tax Credits, Tax Tips, Taxes, WOTC
Article Highlights:
Potential Credit
Eligible Employees
Credit Determination
Certification Process
Other Issues
The Taxpayer Certainty and Disaster Tax Relief Act of 2019 extended the Work Opportunity Tax Credit…

10 Easy End of Year Tax Tips to Increase Your Tax Refund
Holidays, Tax TipsArticle Featured on TurboTax
The article below is up to date based on the latest tax laws. It is accurate for your 2019 taxes (filed in 2020).
It’s hard to believe that we are in the last quarter of the year! With 2019 coming to an…

Tax Benefits for Holiday Family Employment
Tax TipsAlong with the holidays comes a lot of extra work for many family-run businesses, which may require putting the kids to work and having a spouse help out over the busy time. There are special tax rules when hiring your children and also for…

Helpful Tax Tips For 2019
Tax TipsAs the year draws to a close, we have pulled together a number of tax tips that may be beneficial, some of which need to be acted on before the end the of the year to be useful for 2019.
Education Credit – Since the American Opportunity…