February 1, 2022
Personal Tax News November 2021
This edition we are talking about Medical, IRA, IRS Private Collectors, Estimated Tax Penalty and…
February 1, 2022
Donations
Another great year for donations. Nonitemizers can write off up to $300 in CASH charitable…
February 1, 2022
Retirement Plan Loans
Usually taking a loan from your retirement plan is completely tax-free, however, taking too large…
February 1, 2022
$10,000 SALT Work Around
The $10,000 State and Local Tax (SALT) deduction limitation was a huge strain on many…
February 1, 2022
Steps to Close a Business
These apply to the IRS and each state you operate or registered in. File a…
February 1, 2022
Year-End Checklist and Services to Consider
Businesses Financial records are up to date Have on file W-9, I-9, and W-4 forms…
February 1, 2022
Year End Tax Saving Ideas
2.Time your deductions and income. -If possible don’t send invoices or accept payments until January…
February 1, 2022
Two Retirement Items to Consider
Not too Late to Contribute to Certain Retirement Plan It may be after December 31st…
February 1, 2022
IRS Letters You May Receive Soon
IRS letter 6419 will be sent this month and list payments you or a spouse…
February 1, 2022
Employee Retention Credit Ends Early
Recently legislation makers have decided to terminate the Employee Retention Credit early. With unemployment being…
.png){kind=link}