You may be able to turn your required minimum distribution into a charitable donation if you are over 70-1/2 and own a traditional Individual Retirement… Read More »Turn your RMD into a Charitable Contribution
The IRS just announced that they are offering late filing forgiveness to those who did not get certain tax returns for 2019 and 2020 filed… Read More »Unfiled Returns for 2019 and 2020? Late Filing Forgiveness Opportunity
Claiming a Mileage Deduction The IRS recently announced the change in the standard mileage rates which started Friday, July 1, 2022. The new rates are… Read More »New Mileage Rates started July 1, 2022
Quarter 2 Estimated Tax Payment Is Due June 15 I will be writing a series of articles concerning the taxation of small businesses. This will… Read More »Making a Quarterly Estimated Payment
Who hasn’t Been Hacked? I posted the blog last weekend about renting out your home. I am so embarrassed. There was a typo in the… Read More »Get an Identity Protection Pin
What are estimated tax payments? And do I really need to make the estimated payments? The United States employs a “pay-as-you-go” tax system. This means… Read More »Do I really need to make estimated tax payments?
The answer is, “Maybe…” Some Benefits of Having a Tax Guy Most tax forms are filed online, so a taxpayer needs to be comfortable with… Read More »Do I really need a tax guy (person)?
I’m thinking about renting out my personal residence when I move. This article is meant to inform and educate. It is by no means exhaustive… Read More »I am thinking about renting out my house…
Virtual Currency: What Does the IRS Think? First, before we talk about what the IRS thinks about cyrpto, we will start by telling you what… Read More »What does the IRS think about Virtual Currency?
Determine the Type of Income You Have To determine how to calculate your estimated tax payments, first we need to know what kind of income… Read More »How do I calculate my estimated tax payments?