by Monthly Newsletter | Sep 21, 2021 | Tax Articles, Tax Information
Taxpayers who have to write big checks for higher education can see tax savings when filing tax returns next year. If you, your spouse or your dependents are taking postsecondary coursework, there’s a strong chance a tax benefit may be in your future. The...
by Monthly Newsletter | Aug 1, 2021 | Tax Information
White House Image by By Phil Roeder under CC BY License. In a 7-2 decision, the U.S. Supreme Court upheld, again, the Affordable Care Act. Texas and other states had sued to overturn it. The court’s opinion, written by Justice Stephen Breyer, said that...
by Monthly Newsletter | Aug 1, 2021 | Tax Blogs, Tax Information
IRS Notice 2020-65 allowed employers to defer withholding and payment of the employee’s Social Security taxes. This deferral applied to those with less than $4,000 in wages every two weeks, or an equivalent amount for other pay periods. It was optional for most...
by Monthly Newsletter | Jul 30, 2021 | Tax Articles, Tax Information
IRS Notice 2020-65 allowed employers to defer withholding and payment of the employee’s Social Security taxes. This deferral applied to those with less than $4,000 in wages every two weeks, or an equivalent amount for other pay periods. It was optional for most...
by Monthly Newsletter | Jul 30, 2021 | Tax Information
In early 2021, the IRS issued notices to approximately 260,000 taxpayers stating they hadn’t filed their 2019 federal tax return. These notices, referred to as CP59 notices, are issued yearly to identified taxpayers who have failed to file a tax return that was...
by Monthly Newsletter | Jul 30, 2021 | Business Consulting, Tax Information
Did you know about the employee retention credit? It’s still around–and better than ever. The second relief bill, passed at the end of 2020, contains updates to the employee retention credit, a refundable payroll tax credit. Each option has its own rules...
