Small and medium-sized employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing coronavirus-related leave […]
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CARES Act: Information for Individual Taxpayers
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, the stimulus bill that was signed into law on March 27, 2020, contains legislation to stabilize the economy during the coronavirus […]
AVOIDING THE PENALTY ON EARLY DISTRIBUTIONS
Many people use IRAs, SEP Plans, SIMPLE IRA plans, and employee-sponsored retirement savings plans such as the 401(k) to save money for their retirement years, but what if you need […]
SEVEN COMON SMALL BUSINESS TAX MYTHS
The complexity of the tax code generates a lot of folklore and misinformation that could lead to costly mistakes such as penalties for failing to file on time or, on […]
Tax Tips for Students with a Summer Job
Is your child a student with a summer job? Here’s what you should know about the income your child earns over the summer. All taxpayers fill out a W-4 when […]
What to do if you get a Letter from the IRS
Each year, the IRS mails millions of notices and letters to taxpayers for a variety of reasons. If you receive correspondence from the IRS here’s what to do: Don’t panic. […]
Filing an Amended Tax Return
What should you do if you already filed your federal tax return and then discover a mistake? First of all, don’t worry. In most cases, all you have to do […]
Putting Your Home on the Market? Understand the Tax Consequences of a Sale
Putting Your Home on the Market? Understand the Tax Consequences of a Sale As the school year draws to a close and the days lengthen, you may be one of […]
How summer day camp can save you taxes
How summer day camp can save you taxes Although the kids might still be in school for a few more weeks, summer day camp is rapidly approaching for many families. […]
Combine business travel and a family vacation without losing tax benefits
Combine business travel and a family vacation without losing tax benefits Are you thinking about turning a business trip into a family vacation this summer? This can be a great […]