Author: taxsecretsblog

January 2023 Individual Due Dates January 3 - Time to Call For Your Tax Appointment - January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar becomes

The reality series "Chrisley Knows Best" first premiered on the USA Network in March 2014. It followed the lives of Georgia real estate professionals Todd Chrisley and his wife, Julie. Filmed in and around Atlanta, the show was an instant hit - after an initial

Article Highlights: Installment Due Date COVID 2020 Relief How To Repay This is reminder for employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax liability that their second annual installment of the deferred amount is due on Dec.

According to one recent study, the probability of the United States experiencing a recession in the next year hit 96% in October 2022. If you needed a single statistic to outline the importance of paying attention to what is going on with the economy on

Article Highlights: Solar Credit Home Backup Electric Storage Battery Credit Home Energy Improvement Credit Research Credit Clean Energy Vehicles (New and Used) Credits Standard Deduction Increase Increased Retirement Plan Contributions Other Tax-Related Inflation Adjustments With the holiday celebrations coming to an end and the New

Article Highlights: Schedule K-2 and K-3 Filing Requirements Background Fast Forward to the Present Domestic Entity K-2/K-3 Filing Exception Partner or Shareholder Notification Where You Play a Role Form 1116 – Foreign Tax Credit Filing Exception Form 1116 Exception Entity Notification There is an important

As the name suggests, cash flow is a term used to describe the money coming into and out of a business. Cash received - like money being paid to the business from its customers - would be inflow. Cash spent - like the funds being

Article Highlights: ACA Features Premium Tax Credit Family Glitch IRS Cure for the Family Glitch Action May Be Required Background - The Affordable Care Act (ACA) – also referred to as Obamacare) was enacted over 12 years ago, and one of its main features was

Article Highlights: ID Thieves Are Constantly After Your ID Information There Has Been an Exponential Increase in Text Scams Your Phone Is Their Target How to Report Text and Phishing Scams to the Government. Taxpayers should be aware of the recent increase in IRS-themed texting

Article Highlights: 1099-NEC Filing Requirements Independent Contractor Filing Threshold Form W-9 Worksheet This is our annual reminder that if you use workers other than employees to perform services for your business and pay them $600 or more for the year, you are required to issue